Ibotta has filed a registration statement for its proposed initial public offering (IPO) with the Securities and Exchange Commission (SEC). The number of shares and the price range for the proposed offering have not yet been determined, the provider of digital promotions and performance marketing...
Peoples Financial Services Corp. and FNCB Bancorp have received shareholder approval for their previously announced plans to merge. This approval was given Friday (March 22) at special meetings of the companies’ respective shareholders, Peoples and FNCB said in a Friday press release. The closing of the proposed...
Sigue Corp. has stopped its money transmission activities after being ordered to do so by financial regulatory agencies from 39 states, Puerto Rico and the District of Columbia. “We are no longer processing new money transfers, money orders or bill payment transactions through agents, branches or...
Nextech has unveiled three artificial intelligence (AI) solutions that will be added to its range of technology offerings for specialty physician practices. The solutions include AI Assistant, AI Scribe and AI Support, with capabilities to improve both operational efficiency and the clinical and patient experience,...
Chime Financial reportedly plans to launch its initial public offering (IPO) in 2025. The FinTech company aims to do so in the United States but has not yet engaged banks for the IPO, Bloomberg reported Friday (March 22), citing unnamed sources. Chime did not immediately reply to PYMNTS’...
This week in artificial intelligence (AI) news, a new technique, “Quiet-STaR,” teaches AI to think and chat more like humans by considering various ideas before answering, improving how we interact with technology. Significant investments in AI, including Nvidia’s robot project, GR00T, are rapidly advancing AI’s...
With Kroger selling off its specialty pharmacy business, it seems that retailers’ efforts to pack more and more into their stores may not always be the right move. The Kroger Company announced plans to sell the business to CarelonRx, a subsidiary of Elevance Health, earlier this week, with the sale expected to...
A new artificial intelligence program that can design a house in seconds shows how technology is transforming the way we envision and create our living spaces. Icon, known for its 3D-printed housing, is venturing further into automation with the launch of Vitruvius, an AI system designed to...
As consumers’ budgetary pressures prompt many to cut back on nonessential purchases, PYMNTS Intelligence research finds that shoppers still splurge on the clothing they want. By the Numbers “The Nonessential Spending Deep Dive Edition” of the PYMNTS Intelligence series “New Reality Check: The Paycheck-to-Paycheck Report,” created in...
