Walmart’s agentic commerce partnership with OpenAI reportedly drove the retailer’s stock 5% higher, marking its biggest one-day gain since April and taking it to a record high. The partnership could also help Walmart, whose shares have already been on the rise for three years, boost...
Goldman Sachs is acquiring Industry Ventures, a venture capital platform managing $7 billion. “Industry Ventures pioneered venture secondary investing and early-stage hybrid funds, areas that are rapidly expanding as companies stay private longer and investors seek new forms of liquidity,” said David Solomon, Goldman’s CEO,...
One Inc, a digital payments network for the insurance industry, is now enabling faster lienholder payments for total loss vehicle claims on Copart’s Title Express and Loan Payoff system. Copart, an operator of online vehicle auctions, integrated One Inc’s ClaimsPay platform to improve the claims...
Walmart announced on Tuesday (Oct. 14) that it has partnered with OpenAI to create AI-first shopping experiences, allowing customers and Sam’s Club members to complete purchases directly within ChatGPT using Instant Checkout. The partnership expands Walmart’s use of artificial intelligence across its retail operations and...
Bilt is offering homeowners a chance to earn rewards for timely mortgage payments. The loyalty platform on Tuesday (Oct. 14) announced a partnership with United Wholesale Mortgage (UWM), the country’s largest mortgage lender. With this collaboration, UWM becomes the first mortgage platform to let loan customers...
Klarna is expanding its travel industry offerings via a new partnership with Qatar Airways. Travelers booking flights on the airline can choose one of Klarna’s installment payments at checkout, the companies said in a Tuesday (Oct. 14) news release. The agreement is facilitated by Klarna’s...
KNEX and Visa are teaming to embed virtual card capabilities into Oracle’s ERP systems. The collaboration “addresses a longstanding challenge for businesses: costly development of integrations and manual supplier payments that lack visibility, slow operations, and increase payment risk,” the companies said in a Monday (Oct. 13) news release....
The United Kingdom’s Financial Conduct Authority has partnered with Raidiam to help firms simulate and test data sharing in support of open finance. Raidiam will provide the companies participating in the FCA’s Smart Data Sprint that was announced Monday with access to a stable testing...
FIS said Friday (Oct. 10) that its planned acquisition of Global Payments’ Issuer Solutions business remains on track despite the company’s need to refile information with a U.K. regulator. “In the normal course of the UK Competition and Markets Authority’s (CMA) review of the transaction,...