Petal has raised new funding and spun off its Prism Data unit. The spinoff results in two independent FinTech companies that leverage open banking data to expand access to financial services for consumers without accurate credit scores, Petal said in a Wednesday (May 10) press...
Sports technology firm Sportradar is using artificial intelligence (AI) for real-time sports data analysis. Officials from the Swiss company discussed the potential of AI to boost liquidity trading in real-time analysis of deep sports data, during an earnings call Wednesday (May 10). The issue came...
New needs and emergent market realities are a driving force behind the evolution of payments. Nowhere is that truer than across business-to-business (B2B) transactions, where removing legacy frictions along the payments journey is rapidly emerging as a key competitive differentiator. After all, speed to revenue...
The CFPB is warning banks against reopening closed customer accounts to drive fees. In a circular published Wednesday (May 10), the Consumer Financial Protection Bureau says it had received consumer complaints that their banks have reopened accounts they had taken steps to close, charging them...
Experian has launched a FinTech-centric version of its fraud prevention network in the U.S. Announced Wednesday (May 10), this new iteration of the company’s Experian Hunter data network is being rolled out in response to a rise in fraud in the FinTech sector. The company...
The commercial viability of artificial intelligence (AI) is officially here, and so are its pitfalls. At the center of many enterprise concerns around the use of innovative generative AI solutions is the same thing at the center of the tools themselves: questions around the data...
Zenni Optical has launched two digital tools designed to help customers find and buy glasses. A new Image Search tool lets shoppers upload a photo of frames to find a similar pair available from Zenni, while Prescription Scan reads the customer’s prescription, so they don’t...
While many brands and retailers continue to make big bets on China, Jessica Alba’s consumer packaged goods (CPG) company The Honest Company is exiting the market altogether along with Europe as it looks to double on key markets that the company is already thriving in....
One would assume that bargain shoppers would be driving the resale market, but that’s what you get when you assume. According to thredUP’s Q1 2023 earnings report, the marketplace is resonating with premium buyers, not bargain shoppers. According to James Reinhart, the CEO and co-founder...
