eCommerce-focused AI firm Birdseye has raised $3 million to help retailers launch “hyper-personalized” campaigns. The Toronto-based company announced the seed funding Wednesday (Nov. 22), saying it would use the financing to bolster its hiring efforts. “Our technology isn’t about generic promotions or marketing campaigns; it’s about enabling retailers to...
The U.K. risks falling behind other nations unless it can create an alternative to its Faster Payment Service. That’s according to a new government-commissioned review on competitiveness in the country’s payment industry, the focus of a Wednesday (Nov. 22) Financial Times (FT) report. According to the...
Relay raised $10 million in seed funding to expand its delivery service for retailers across the United Kingdom. “We began Relay with a vision to overhaul the traditional delivery network, creating a full-stack delivery service to meet the dynamic needs of modern eCommerce retailers and their...
The generative artificial intelligence landscape showed some of its biggest growing pains this week. And those growing pains gave industry observers a case of whiplash. Industry pioneer OpenAI imploded along the seams of its nonprofit board and for-profit operating subsidiary, firing CEO Sam Altman Friday...
As consumers increasingly rely on digital and self-checkout in their day-to-day lives, OVG Hospitality is seeing live event attendees demand more frictionless foodservice ordering and payment technologies in venues. In a recent interview with PYMNTS, Ken Gaber, the president of Oak View Group’s live event foodservice...
Real-time B2B payments are transforming industries in which the number of payment transactions is very high — such as the manufacturing sector. According to a recent PYMNTS Intelligence research in collaboration with The Clearing House, virtually all U.S. manufacturing companies used real-time payments last year,...
Phare Health raised 2.5 million pounds (about $3.1 million) in a seed round to expand its artificial intelligence-native financial operating system for healthcare organizations. The London-based startup is focusing first on solving the pain points around medical coding, according to a Wednesday (Nov. 22) post...
TikTok is reportedly turning to GoTo to revive its crucial Indonesian eCommerce business. The two firms are working on a plan — which could be finalized in the next few weeks — that would see TikTok invest in Indonesia-based GoTo’s online shopping arm Tokopedia, Bloomberg News reported Wednesday (Nov. 22),...
Serena Smith, chief client officer at i2c, told PYMNTS that the shift to faster payments and open banking will spur financial institutions to take a close look at their technology stacks. “We’ve been talking about the need for banks to upgrade and update their legacy...
