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Financial News
Pymnts
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Serve Secures $86 Million to Continue Developing Sidewalk Delivery Robots
- Autonomous delivery company Serve Robotics raised $86 million in new financing in December.
- The funding brings Serve Robotics' total raised in 2024 to $167 million and extends its operational runway through the end of 2026.
- Serve Robotics, spun off from Uber in 2021, has secured about $220 million in total funding and has completed tens of thousands of deliveries for Uber Eats, 7-Eleven, and other partners.
- The company aims to scale its operations, deploy up to 2,000 delivery robots on the Uber Eats platform, and enter new markets.
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Pymnts
1w
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Rise of Hybrid Marketplaces Impacts Retail Growth Strategies
- Digital marketplaces are becoming an important growth channel in retail, with global sales projected to reach $3.8 trillion last year.
- The rise of hybrid marketplace models, such as Amazon, selling both directly and through third-party sellers, offers brands greater flexibility and scalability.
- To succeed on marketplaces, brands need to have the technical ability to be channel agnostic and meet the strict requirements and rules set by the platforms.
- Limited data sharing on marketplaces hinders sellers' ability to directly engage with customers, forcing them to rely on indirect communication methods.
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Pymnts
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168
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PSD3’s Global Reach Brings US Financial Firms New Compliance Challenges
- The newest update to the Payment Services Directive, PSD3, has been two years in the making, and final guidelines are expected to come this year.
- The impact of PSD3 may reach the U.S. within the next year and a half, particularly in the areas of data security and data sharing.
- PSD3 will require a transition period that will change the ways in which payment service providers (PSPs) handle data and protect against fraud.
- FIDA (Framework for Financial Data Access) will help govern the sharing of customer level data and enable collaboration among PSPs in combating fraud.
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Pymnts
1w
208
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US and India to Promote Reciprocal Investments in AI Technology
- The United States and India plan to build new collaboration around artificial intelligence (AI) via investments and protections involving the technology.
- The countries will develop a government-to-government framework for promoting reciprocal investments in AI technology and aligning protections around the diffusion of that technology.
- They will strengthen cooperation around the national security applications of AI and the safe, secure, and trustworthy development of the technology.
- The collaboration also includes efforts in space technology, defense innovation, industrial cooperation, clean energy, critical minerals, and semiconductors.
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TechBullion
1w
33
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Atua AI (TUA) Leverages Ripple XRP for Next-Level Blockchain AI Innovation
- Atua AI (TUA) has integrated Ripple XRP into its blockchain-based platform to enhance its capabilities.
- The integration allows Atua AI to offer faster, more secure, and cost-effective solutions for decentralized enterprises.
- By combining XRP's blockchain infrastructure with Atua AI's advanced AI tools, the platform delivers unparalleled efficiency for decentralized operations.
- The integration positions Atua AI as a leader in blockchain AI innovation, opening new opportunities for enterprises.
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Pymnts
1w
407
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Understanding the Supplier’s Role in Driving Virtual Card Acceptance
- B2B players heavily rely on paper checks, which hinders the GDPR of B2B payments.
- Innovation success depends on the participation of all ecosystem participants.
- Virtual card adoption is clear for the buyers but is a complex decision for suppliers.
- Generating 16-digit credit or debit card numbers linked to specific invoices offers faster access to secure payments without processing and clearing delays.
- Integration of suppliers to the digital platform improves cash flow for both parties and creates efficient B2B ecosystems.
- Suppliers can reinvest in inventory, equipment, or growth initiatives without resorting finances because of faster funds access.
- Suppliers can instantly match payment to associated invoice and reduce administrative overheads by using virtual cards.
- Demonstration of the ROI of virtual cards is crucial for suppliers to adopt them.
- Collaboration is key for suppliers to understand the value proposition of virtual cards.
- By integrating virtual cards with AR automation tools, suppliers unlock even greater efficiencies, paving the way for a seamless, end-to-end payment experience.
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TechBullion
1w
214
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Colle AI (COLLE) Integrates Ripple’s XRP Ledger for Seamless Multichain NFT Transactions
- Colle AI (COLLE) has integrated Ripple’s XRP Ledger for seamless multichain NFT transactions.
- The integration allows for faster transaction speeds, reduced costs, and greater interoperability in the NFT space.
- Colle AI users can now create and trade NFTs across multiple blockchain ecosystems with enhanced security and reduced friction.
- Colle AI aims to simplify the NFT creation process and make it more accessible for artists and creators.
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Pymnts
1w
12
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Carvana Renews Ties With Ally Financial After Hindenburg Report
- Carvana has revived a deal to sell $4 billion in used-car loan receivables to Ally Financial.
- This deal upholds a key relationship for Carvana as Ally typically purchases enough receivables to fund half of Carvana’s new originations.
- Short seller Hindenburg Research had alleged a 'father-son accounting grift' at Carvana and claimed that Ally was stepping back from their partnership.
- Carvana dismisses Hindenburg's report as intentionally misleading and inaccurate, stating they plan to focus on executing their plan for another great year.
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Pymnts
1w
114
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Knowify Integrates Construction Management Platform With Intuit Enterprise Suite
- Construction management platform Knowify has integrated with Intuit’s suite of financial products, Intuit Enterprise Suite.
- The integration allows construction businesses to manage operations, finances, and accounting across multiple entities using a single platform.
- Knowify has previously integrated with other Intuit solutions like QuickBooks Online, Payroll, and Payments.
- The integration with Intuit Enterprise Suite provides granular reporting and AI-powered analytics for better workforce and resource management.
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Pymnts
1w
201
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Regions Bank Taps Axway to Provide Open Banking Services
- Regions Bank has partnered with Axway to provide open banking services.
- The collaboration allows Regions Bank to offer Axway's Amplify Open Banking solution to its consumer banking, corporate banking, and wealth management clients.
- The solution helps capture customer consent, enhances security, and eliminates the need for credential sharing to third parties.
- Regions Bank aims to make banking easier for customers by embracing open banking and using Axway's technology.
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TechBullion
1w
214
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Leading Logistics Technology Platform Gets an Upgrade to Meet Demand for Next Gen Solutions
- Logistics startup SC Codeworks has released a new logistics SaaS platform named Enterprise.
- The new Enterprise platform offers a hybrid approach to navigation for keyboard-based commands and modern touch interactions, which are both accessible to seasoned operators and new entrants.
- The new update offers advanced real-time analytics to keep everyone informed on key metrics such as current levels and progress.
- Codeworks moved to a cloud computing platform to access information from anywhere which improves operational efficiency and caters to the added demand for remote solutions.
- Codework offers consulting services with their platform which helps clients in process improvements, resource management, and disaster recovery.
- The upgrades included in the Enterprise release were directly led by customer feedback.
- The company plans to introduce predictive functionality that will allow users to handle inventory demand, costs and labor needs proactively before any challenge arises.
- SC Codeworks's CEO Suresh Chappidi believes that usability is the core for effectiveness in logistics software and implement next-generation solutions such as Artificial Intelligence and machine learning.
- The company's entire organization follows a customer-first approach where they build and provide solutions to help customers optimize and streamline their operations and be successful.
- Codeworks looks to compete in the active and important space of fueling how products get from Point A to Point B by digitizing the logistics space.
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TechBullion
1w
403
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Why is Marginswap Becoming the Preferred Choice For French Traders in 2025?
- Marginswap has emerged as the preferred choice for French traders in 2025 due to its multi-chain functionality, liquidity aggregation, and advanced margin trading systems.
- Marginswap leverages inter-chain bridging technology that aggregates liquidity across multiple blockchains to ensure traders have access to deep liquidity pools, providing competitive pricing and minimal slippage.
- Unlike traditional DeFi platforms, Marginswap integrates sophisticated risk management systems powered by smart contracts to automate and monitor trading positions.
- Marginswap emphasizes security and invests in decentralized, multi-signature wallets, and rigorous smart contract audits.
- Marginswap has a French-first approach and a user-friendly design, with a French language interface and beginner-friendly tutorials, making margin trading and liquidity pooling accessible to traders of all experience levels.
- Marginswap collaborates with DeFi force majeure applications, ensuring seamless integration with other financial services.
- Marginswap community engagement through platforms like Telegram and Twitter has fostered a loyal user base in France.
- Marginswap is well-positioned to capture a significant share of the global DeFi market projected to reach $400 billion by 2025.
- Marginswap's rise is a testament to its innovative approach to addressing the unique needs of the trading community, with its focus on multi-chain functionality, deep liquidity, advanced margin trading systems, and robust security.
- For French traders, Marginswap offers not just a platform but a gateway to a decentralized financial revolution.
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Pymnts
1w
54
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McAfee Debuts AI-Powered Scam Detector Tool
- McAfee debuted a tool called Scam Detector to combat text, email, and video scams.
- The tool uses artificial intelligence to analyze and flag risky messages in real time.
- Scam Detector will be included at no extra charge for McAfee customers starting this spring.
- It features email and text scam detectors, as well as a deepfake detector for AI-crafted videos.
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Pymnts
1w
113
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Apple Says Siri Data Used Only to Improve Voice Assistant
- Apple says Siri data collected is used solely for improving the product and has never been used for marketing or sold to others.
- Apple settled a privacy lawsuit by agreeing to pay $95 million.
- In 2019, Apple made changes to Siri's privacy protections after contractors were reported to have heard private interactions.
- The settlement requires Apple to permanently delete Siri audio recordings obtained before October 2019 and provide an explanation to users on how they can opt-in to improve Siri.
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Pymnts
1w
201
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Fed Banking Chief Michael Barr Announces Departure Ahead of Trump Arrival
- Michael Barr, the Federal Reserve’s vice chair for supervision, will step down in late February.
- The announcement comes two weeks before President-elect Donald Trump takes office.
- The Fed does not plan to tackle major rulemakings until Barr’s successor is confirmed.
- Barr's role included working with other regulators to ensure the strength of the banking system.
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