Delivery Hero has sold its 4.5% stake in British food ordering platform Deliveroo. The Berlin-based company announced the $97 million sale of its 68 million shares in a news release Monday (Jan. 29), with the sale expected to settle Thursday (Feb. 1). “Following settlement, the company will...
Venture capitalists (VCs) reportedly have $311 billion in unspent cash as tech funding cools. VC groups in the U.S. raised a record $435 billion from their investors between 2020 and 2022 and have deployed just half of that amount, the Financial Times (FT) reported Tuesday...
The ability to scale is what qualifies an innovation as such. While generative artificial intelligence has, by many observers’ accounts, already reached innovation status at a broad level, the question remains: Can AI scale across the payments ecosystem? 2024 may be the year we find...
As we finish the first month of the new year, more and more businesses are putting 2023 innovations into action and hoping to see results. The focus on results takes place within the backdrop of the preceding year, which centered on the revival of physical retail and...
Eric Lefebvre, chief technology officer at Sovos, said generative artificial intelligence (AI) will transform the ways in which consumers and businesses interact with financial institutions and merchants — and will prove essential in beating fraudsters at their own game. Broadly speaking, he said, “the space...
In an era of disruptive technologies, cross-border payments are quietly undergoing a revolution. The emerging paradigm centers around cost-effective, real-time payment options with maximum visibility for both sender and receiver. Beyond driving international sales, cutting-edge payment solutions provide a range of benefits to CFOs and...
In this month’s PYMNTS Provider Ranking of Digital Banking Apps, all movement came from the lower half of the rankings. Acorns and Ally are making moves upward to compete with the others, while Empower and Albert are falling down. Check below to see how the...
The last mile of commerce — specifically, what might be thought of as the last few feet of digital commerce — remains the checkout. For guest checkout, among the most popular options, one click functionality may give rise to repeat business, and over time, even...
Carmaker Renault canceled plans to take its electric vehicle unit, Ampere, public. The French company said in a Monday (Jan. 29) press release that “current equity market conditions” are not conducive to an initial public offering (IPO). Instead, Renault will continue to fund the development...
