The payments industry continues to be transformed and remade by the 21st century’s digital shift. And as technical innovations like generative artificial intelligence (AI) continue to push money movement capabilities even further, players from Big Tech and the financial services sector alike are looking to...
Macy’s plans to open as many as 30 additional small-format stores across the United States, as part of an accelerated expansion strategy. This move could triple the total number of small-format stores operated by Macy’s by fall 2025, with the new locations joining the nearly 15...
As restaurants grapple with cost challenges, Krispy Kreme is putting its Insomnia Cookies subsidiary up for sale. On Tuesday (Oct. 3), the donut chain announced that it is “exploring strategic alternatives” for the cookie brand, which has more than 250 locations globally, including the possibility of selling...
Stampli has raised $61 million to expand its artificial intelligence (AI)-powered accounts payable offering. The Series D round, led by funds managed by Blackstone, brings the total raised by the company to $148 million, Stampli announced Tuesday (Oct. 3), saying it plans to further tap into the “massive and...
UiPath has teamed with firm Apprio to offer automated revenue cycle management services to healthcare organizations. The expanded partnership, announced Tuesday (Oct. 3), involves UiPath — maker of artificial intelligence (AI)-powered enterprise automation software — leveraging Apprio’s expertise and capabilities in automating revenue cycle management functions. “We are...
More than 100 institutions are now actively participating on the Federal Reserve’s FedNow® Service network, which launched in July. There are now 108 financial institutions sending and receiving on the network, 21 institutions providing liquidity and settlement services, and 20 service providers supporting payment processing in the...
Training data is the key competitive moat when it comes to generative artificial intelligence (AI). The winner-take-most dynamics of digital tech’s operational ecosystem create network effects that frequently play out across, and are captured by, huge platforms where products and services become more valuable with...
Loop, a transportation logistics startup, has secured $35 million in a Series B funding round to grow its modern audit and payment platform for the supply chain. The company will use the new funding to continue building its solutions for the “next-gen supply chain,” Loop...
Bringg has launched its Delivery Management Platform on Google Cloud Marketplace to help retailers and eCommerce enterprises optimize their last-mile delivery process. By deploying Bringg’s solution portfolio, companies using Google Cloud will be able to dynamically manage internal fleets, expand delivery capacity, reduce costs and provide branded customer...
