Sift Healthcare has raised $20 million in a Series B funding round to grow its artificial intelligence (AI)-powered Payments Intelligence Platform for the healthcare industry. The company will use the new funding from this round, which was led by B Capital, to expand its team and invest...
As retail behemoths Amazon and Walmart compete for consumers’ spending, both are turning to video streaming ads to open up new sales opportunities and drive conversion. On Wednesday (May 8), Disney Advertising announced a partnership with Walmart Connect, the superstore chain’s retail media platform, to...
Earnings were everywhere this past week, driving the FinTech IPO Index 4% higher through a volatile week of trading. Buy Now, Pay Later Momentum Sezzle shares soared 52%. The company’s latest results detailed that income growth was 35.5% year over year (YoY), while total subscribers...
Bain Capital, a leading private multi-asset alternative investment firm, has made a minority growth investment of $250 million in Sikich, a global technology-enabled professional services company. This investment is expected to accelerate Sikich’s growth and enhance its position as a leader in the professional services industry, the companies said...
The B2B landscape is responsible for around $125 trillion of annual money movement. And those B2B payments are working overtime in the background to power much of the world’s economy. But even two decades and a handful of years into the 21st century, much of that...
FinTech-as-a-Service firm EarnUp is enhancing its platform to expand mortgage payment methods. Lenders and servicers using EarnUp’s platform can now enable borrowers to pay via text using their debit cards, the company announced in a Thursday (May 9) news release. The option will give borrowers more flexibility and...
The laws of physics dictate that for every action, there is a reaction. As Tuesday (May 14) looms, with a new rule from the Consumer Financial Protection Bureau (CFPB) slated to take effect that would drastically lower credit card late fees, several reactions might ripple across financial services. Not all of...
The Consumer Financial Protection Bureau (CFPB) said Thursday (May 9) that it will be monitoring credit card rewards programs and taking action as appropriate. This statement came as the agency released a report detailing consumers’ complaints about these programs. “Credit card companies promise upfront benefits...
In the battle for the future of shopping, Sam’s Club is betting on artificial intelligence. Since January, the Walmart-owned retailer has rolled out AI-powered checkout technology at over 120 stores. Using a combination of AI, computer vision and digital tech, Sam’s Club’s system identifies what’s in a shopping cart, confirming customers...
