Prometeo, a Uruguay-based FinTech infrastructure company focused on financial institutions in Latin America, has raised $13 million in Series A funding. The funding round was led by Antler Elevate with participation from new investors PayPal Ventures, Samsung Next and partners from DN Capital, as well as existing backers, Prometeo said in...
Constructor launched a generative artificial intelligence-powered AI Shopping Assistant (ASA) for use on eCommerce websites and mobile apps. The new ASA helps shoppers discover and explore products while enabling eCommerce companies to boost engagement and conversions, the company said in a Friday (Jan. 12) press...
Albertsons Companies is setting its sights on convenient meal occasions with the launch of ready-to-cook meals, a move that comes as grocers increasingly look to gain share of consumers’ food spending from restaurants. The grocery giant, which has more than 2,200 stores across the country,...
The world’s academics, CEOs and economists convened in Davos, Switzerland, this week for the annual World Economic Forum (WEF), with artificial intelligence (AI) occupying a split place on the agenda. On one hand, AI was portrayed as a villain that could steal elections. On the...
As consumers increasingly expect commerce integrated into their day-to-day lives, spirits giant Brown-Forman, parent company of Jack Daniel’s, is looking to create more immersive online shopping experiences. In an interview with PYMNTS, Lynette Green, Brown-Forman’s integrated marketing communications manager, omnichannel for the USA and Canada,...
In the world of social media, influencers have been joined by deinfluencers. These emerging social media personalities are challenging the fast fashion movement and encouraging their followers to buy less junk, Bloomberg reported Friday (Jan. 12). The term “deinfluencer” refers to individuals who reject overhyped...
Shein is reportedly seeking approval from a Chinese regulator to go public in the United States. The online fashion company, which is based in Singapore and valued at $66 billion, filed with the regulator in November to comply with new listing rules for local firms,...
As instant payments become more widely used in the United States, the financial services ecosystem must gird for ever-more-brazen attacks from fraudsters. Nick Fleetwood, head of data services at Form3, said that there’s at least some reference to be gained from the United Kingdom, where there’s...
In the generative artificial intelligence era, every industry will likely reap new efficiencies. Unlike previous iterations of AI, which focused on predictive or discriminative inference, generative AI can understand subtleties and nuances, and then create outputs atop them. That capability — and capacity — has...
