As the process of making large-ticket purchases becomes increasingly digital across industries, Mitsubishi Motors has announced a new digital retail program. Mitsubishi Motors North America, Inc. (MMNA) on Monday (Feb. 5) announced the launch of its new online solution, ClickShop 2.0, to link the process...
Is it possible to achieve a perfect balance between regulation and innovation over disruptive technologies? The European Union’s (EU) 27 member states appear to think so. The bloc unanimously endorsed the final text of its Artificial Intelligence (AI) Act on Friday (Feb. 2), moving past concerns by...
Microsoft has reportedly launched an artificial intelligence (AI)-focused partnership with news startup Semafor. The collaboration would see Semafor use tools from Microsoft and partner OpenAI to develop news stories with a “global, multi-source” breaking news feed known as “Signals,” Semafor announced Monday (Feb. 5). “Signals responds to the deep and continuing...
Paytm, one of India’s leading digital payments firms, is reportedly under investigation by India’s financial crime-fighting agency for potential violations of foreign exchange rules. The investigation is focused on determining whether platforms operated by One97 Communications, also known as Paytm, were involved in any unlawful...
AtoB CEO Vignan Velivela told Karen Webster that slow payments represent a “silent tax” on fleet management in general, and on the truckers behind the wheel, specifically. Paper checks still dominate and are still the primary means of getting short- and long-haul drivers paid. Payroll...
Jill Moser, SVP Offers, Loyalty at Mastercard, told Karen Webster that we’re entering a new age of hyper-personalization, where context is critical. Loyalty programs, of course, have been around for decades. As Webster noted, the granddaddy might be Neiman Marcus’s InCircle program, which made the firm...
Snapchat parent Snap has reportedly laid off workers with more job cuts to come. The social media platform cut several dozen staff members last week, Business Insider reported Saturday (Feb. 3), citing sources familiar with the company. One of these sources said Snap is expected to make more cuts this...
So far, 2024 has been something of a mixed bag for high-profile IPOs. The initial public offering (IPO) market flagged in 2022 and 2023, and Wall Street had hoped this year would offer a turnaround. But as Bloomberg News reported Sunday (Feb. 4), two of...
LendingClub exited the standard operating agreement for a new bank with the Office of the Comptroller of the Currency, having met all the requirements noted in the operating agreement. The company now has more autonomy and flexibility in how it runs the business and deploys...
