February 28, 2024
Lemonade Says AI Improved Insurance Loss Ratio
Digital insurance platform Lemonade said artificial intelligence helped it improve its loss ratio. The figure, the ratio of losses to premiums earned, improved by 12 points year over year, the...
February 28, 2024
South Korea and US Discuss Antitrust Cooperation
In a bid to bolster fair competition in the global economic landscape, South Korean and United States antitrust regulators engaged in discussions aimed at enhancing bilateral cooperation. The meeting, held...
February 28, 2024
Wedge Launches White-Label Programmable Payment Solution, Appoints President
Wedge has introduced a white-label programmable payment solution for banking associations and credit unions. The firm has also appointed Kim Askwith, formerly of Ernst & Young, as president to lead the go-to-market strategy...
February 28, 2024
Wendy’s Insists It Has No Plans to Test Surge Pricing
Wendy’s wants diners to know it’s not raising prices, despite what they may have heard. When reports emerged recently that the fast-food chain was going to test dynamic pricing — or surge pricing,...
February 28, 2024
Former Cisco Executive Gil Ohana Joins Davis Polk’s Antitrust Practice
In a significant move within the legal and technology sectors, Gil Ohana, who held a prominent position at Cisco Systems, has announced his departure from the tech giant. Ohana revealed...
February 28, 2024
Online Car Platforms Bet on Digital Transformation to Drive Sales...
For online car platforms, the road to profitability has been volatile and oftentimes elusive. “Inventory’s been lumpy, aging and — in the age of (still) high interest rates — tough...
February 28, 2024
Payoneer Merchant Services Grows 400% as Small Businesses Sell Globally
Demand for B2B and merchant services drove Payoneer’s volume growth in 2023. The small- to medium-sized business (SMB)-focused FinTech company’s B2B volume rose 13% and its merchant services volume leapt 400%...
February 28, 2024
Robinhood Opens Retirement Offering to Gig Workers
Investment platform Robinhood is expanding its retirement offering to include gig workers. “Robinhood Retirement For Independent Workers” kicked off Wednesday (Feb. 28) in partnership with three high-profile gig economy companies: Grubhub, Gopuff and Taskrabbit. “Robinhood Retirement...
February 28, 2024
FTX and Alameda Vets’ New Exchange ‘Backpack’ Raises $17 Million
Backpack, a cryptocurrency exchange led by former FTX and Alameda Research employees, raised $17 million. The Series A funding round values Backpack — whose offerings also include a crypto wallet...