Parafin and Fullsteam say their embedded capital partnership has surpassed $125 million. As the companies noted in a Wednesday (Oct. 8) news release, the partnership between embedded financial services Parafin and payments platform Fullsteam lets small businesses access financing via the Fullsteam ecosystem. “This milestone...
Bank of North Dakota, a state-owned bank, partnered with Fiserv to launch a stablecoin. Dubbed the Roughrider coin in honor of Theodore Roosevelt and his Rough Riders, the coin is fully backed by U.S. dollars and is designed to facilitate bank-to-bank transactions, global money movement...
SoftBank Group plans to acquire ABB’s robotics business for $5.375 billion, saying the move will complement its existing investments in artificial intelligence and robots. Subject to customary closing conditions, SoftBank expects the acquisition to close in mid- to late-2026, the company said in a Wednesday...
Payments processor Thredd released an anti-fraud solution developed in tandem with Visa’s Featurespace. One View allows card transactions and non-card payments to be intelligently monitored under a single, network-agnostic interface and rules engine to enhance fraud detection, according to a Wednesday (Oct. 8) press release....
Oracle NetSuite has embedded BILL-powered payment automation capability in its accounts payable offering, NetSuite Intelligent Payment Automation. This combination will enable U.S. customers using NetSuite Intelligent Payment Automation to accelerate their AP processes, increase efficiency and reduce risk, the companies said in a Tuesday (Oct....
IKEA has acquired logistics tech company Locus to capitalize on growing online sales. Ingka Group, the largest IKEA retailer, announced the deal Tuesday (Oct. 6), calling an investment to strengthen the furniture retailer’s digital capabilities. “In today’s retail landscape, customers expect a seamless home delivery,...
IBM has launched a partnership with artificial intelligence (AI) startup Anthropic. The collaboration, announced Tuesday (Oct. 7), is designed to encourage development of enterprise-ready AI by infusing Anthropic’s Claude large language model (LLMs) into IBM’s software portfolio. The goal is “to deliver measurable productivity gains,...
OpenAI has acquired artificial intelligence (AI)-powered personal finance app Roi. That’s according to an announcement from Roi co-founder/CEO Sujith Vishwajith last week in a post on social media platform X. “We started Roi 3 years ago to make investing accessible to everyone by building the...
When two regional banks merge, it’s not just their balance sheets that combine. It’s their digital ambitions and competitive strategies, too. The latest and among the most consequential example came Monday (Oct. 6) when Fifth Third Bancorp announced plans to acquire Comerica in an all-stock...