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Innovation News
Pymnts
5d
143
Image Credit: Pymnts
Dream Team: Credit Unions and FinTechs Partner to Deliver Financial Innovation
- Credit unions (CUs) are partnering with FinTechs to deliver innovative products and services, as CUs alone often find themselves outmatched in the evolving competition.
- 66% of FinTechs see CUs as clients while 9 in 10 view them as collaborators, providing cost-effective innovative solutions to meet evolving member needs.
- The collaboration between Scienaptic AI and KCU aims to enhance lending capabilities, improve risk management and provide inclusive financial services, empowering CUs to meet evolving member needs while fostering financial wellness across their communities.
- Challenges like slow decision-making speeds, incompatible core systems, lack of innovation readiness, small budgets, and a lack of skilled employees make it difficult for CUs and FinTechs to collaborate.
- CU members expect their banking experiences to be seamless and convenient. 23% of Gen Z consumers choose their FIs based on self-service banking convenience which aligns with FinTechs' development of self-service digital solutions tailored to CUs.
- Pinwheel simplifies direct deposit switching with its credential-less solution, facilitating smoother onboarding through an FI’s mobile application, capturing more deposits, reducing churn and building strong member relationships.
- By aligning innovation roadmaps, focusing on shared objectives like improving operational efficiency and enhancing the member experience, CUs and FinTechs can collaborate more effectively, and leverage their respective strengths to create a win-win situation.
- Velera recognizes the importance of collaboration between credit unions and FinTech providers, and with its Fintech Engagement Program and Innovation Alliance, it helps bridge the FinTech-credit union gap, providing a collaborative space for developing new solutions that meet the needs of both credit unions and their members.
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Silicon
5d
238
Image Credit: Silicon
CATL Aims To Massively Expand EV Battery-Swap Infrastructure
- CATL, the world’s largest maker of batteries for electric vehicles, plans to build 1,000 battery-swapping stations for EVs next year.
- The company aims to ultimately build 30,000 swap stations in China.
- CATL has developed two new swappable battery packs called Choco-SEB for smaller and larger cars, which can be swapped in about one minute.
- The company is working with carmakers to roll out 10 EV models using the new battery packs in early 2025.
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TechBullion
6d
148
Image Credit: TechBullion
Pools Benefit from AquaLab’s Nanobubble Pool Systems: Non-Chlorinated Swimming Solutions in Paradise Valley, AZ
- AquaLab’s nanobubble pool systems are revolutionizing pool maintenance in Paradise Valley, AZ.
- These systems utilize nanobubble technology to reduce the need for chemical treatments in swimming pools.
- Nanobubbles effectively sanitize the water, providing a safer and healthier swimming environment.
- The shift towards non-chlorinated pool solutions reflects a growing interest in sustainability and environmental friendliness.
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Pymnts
6d
82
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B2B Wearables: A New Tool for Businesses to Promote Workplace Wellness
- Polar has launched Polar 360, a new B2B platform for workplace wellness.
- Polar 360 offers a range of devices to monitor vital metrics like heart rate, activity levels, and sleep patterns.
- The platform aims to reduce absenteeism, enhance well-being, and support a productive workforce.
- The wearable technology market is expected to reach $198.83 billion by 2032.
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Medium
6d
74
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The intersection of no-code and low-code platforms with AI-generated coding tools is poised to…
- No-code and low-code platforms have revolutionized application development by allowing users to build applications without coding.
- AI-generated coding tools can enhance these platforms by providing code snippets, optimization suggestions, and debugging assistance.
- The combination of no-code/low-code platforms and AI coding tools accelerates the prototyping process and reduces development costs.
- This synergy empowers a new generation of creators to innovate and build applications regardless of their technical background.
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Pymnts
6d
152
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FTC to Settle Complaint Against Rytr for Enabling AI-Generated Reviews
- The Federal Trade Commission (FTC) has settled a complaint against Rytr for selling an AI-generated reviews service.
- The FTC alleged that Rytr violated the FTC Act by enabling subscribers to generate false and deceptive content for reviews.
- Under the final order, Rytr is prohibited from engaging in similar illegal conduct and selling services that generate consumer reviews or testimonials.
- The FTC's law enforcement action against Rytr is part of the crackdown on deceptive AI claims.
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TechBullion
6d
375
Image Credit: TechBullion
CPO Insights: Driving Product Innovation in a Competitive Space with Tomas Koprusak
- Tomas Koprusak, Chief Product Officer at UptimeRobot, shares his journey at the intersection of technology and user experience in delivering simple yet powerful monitoring solutions to their users.
- UptimeRobot uses multiple channels to gather feedback from users, analyze their behavior, and involve customer success teams in the product roadmap planning process.
- They use a structured prioritization framework to evaluate features based on user value, business impact, and technical feasibility.
- UptimeRobot continually optimizes its monitoring technologies, systems, and DevOps workflows, aligning the adoption of emerging standards and requirements with its core mission of providing simple, accessible, and effective monitoring solutions.
- UptimeRobot balances innovation with reliability in a service where stability is paramount and strictly deploys updates incrementally, using feature flags and extensive testing environments to catch potential issues before they reach users.
- UptimeRobot’s recent feature updates include improvements to the monitor wizard, improved status page capabilities, and integration updates.
- Their primary focus is accessibility and simplicity without sacrificing functionality and they closely track customer behavior and satisfaction.
- UptimeRobot’s long-term vision includes empowering users with even more actionable insights, helping them prevent downtime and optimize performance.
- Tomas emphasizes UptimeRobot’s commitment to empowering users with actionable insights while maintaining a seamless user experience.
- This interview with Tomas Koprusak provides a glimpse into UptimeRobot’s mission to deliver effective tools that keep businesses connected, informed, and resilient in the digital age.
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Medium
6d
24
Discovery connectors
- Discovery connectors bring together AI-powered tools and smart organizational practices to turn fragmented information into actionable insights.
- These connectors utilize AI tools like GPT, Notion AI, and other LLM platforms to process inputs into a centralized, searchable resource.
- By combining tools with practices like capturing insights from conversations and documenting decisions, discovery connectors ensure accurate knowledge.
- Discovery connectors centralize knowledge, reduce context switching, and build smarter foundations for knowledge work.
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Pymnts
6d
346
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Quantum-Focused AI Firm SandboxAQ Surpasses $5 Billion Valuation Goal
- SandboxAQ, a quantum-focused AI firm, has raised over $300 million in funding, bringing its valuation to over $5.6 billion.
- The company differentiates itself from other AI firms by adopting methods that combine quantum technology with AI, using both GPUs and potential future QPUs.
- SandboxAQ, chaired by former Google CEO Eric Schmidt, collaborates with firms like Accenture and Deloitte and targets corporate customers.
- The company surpassed its $5 billion valuation goal, setting a new milestone in its quantum-focused AI endeavors.
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Pymnts
6d
144
Image Credit: Pymnts
ERP Innovations Are Rebooting the Back Office as Organizations Modernize
- Organizations are facing the challenge of upgrading their legacy infrastructure and adapting to rapidly evolving technological demands.
- London's Metropolitan Police Service (MPS) is planning to allocate up to 1 billion pounds for upgrading their enterprise resource planning (ERP) systems.
- Legacy ERP systems like P-SOP in use by the MPS have become outdated, inefficient, and burdened by technical limitations.
- Back-office modernization is crucial for sustaining day-to-day operations and meeting future demands in critical organizations like the MPS.
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Silicon
6d
239
Image Credit: Silicon
Silicon UK: AI for Your Business Podcast: Enhancing Your Workforce with AI
- Today's episode of Silicon UK: AI for Your Business Podcast explores how AI can enhance workforce productivity and decision-making, balance human roles with automation, and transform workplace culture.
- Ash Gawthorp, Chief Academy Officer at Ten10, shares insights on integrating AI into business processes, addressing ethical challenges, training, and maximizing ROI.
- The discussion covers practical strategies for automation, complementing human workers, and improving employee engagement and job satisfaction.
- The importance of training, reskilling, and measuring ROI of AI investments are also addressed.
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Silicon
6d
33
Image Credit: Silicon
Synopsys, SiMa.ai To Collaborate On AI Car Chips
- Synopsys and SiMa.ai will collaborate to accelerate the development of AI chips for next-generation vehicles.
- Synopsys is a chip design automation firm, while SiMa.ai is an AI start-up focused on edge platforms like cars.
- The collaboration aims to develop workload-specific hardware and software for AI features in automobiles.
- The platform will help customers develop power-efficient software architectures for advanced driver-assistance features and in-vehicle information systems.
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Silicon
6d
207
Image Credit: Silicon
AI Start-Up Basis Raises $34m For Accountancy Agent
- Start-up Basis raises $34m in Series A funding round for AI-powered accountancy agent
- Basis is building automated agents for accounting firms to address a shortage of accountants
- Khosla Ventures led the funding round, with participation from AI-focused fund NFDG
- Venture funding in the AI sector has increased, with AI start-ups securing 28% of overall funding in Q3 2022
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Medium
6d
53
Image Credit: Medium
The Curse of the Blockbuster
- The Curse of the Blockbuster
- The Curse of the Blockbuster makes everything else seem inferior.
- Blockbusters have set high expectations for consumers.
- Smaller businesses can focus on their unique offerings and create a memorable experience.
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3 Likes
Fintechreview
6d
184
Image Credit: Fintechreview
The Rise of Vertical Financial Systems as a Business Operating System
- Vertical financial systems, purpose-built applications, are reshaping industries by centralizing operations and automating core processes.
- These systems deliver tailored solutions for specific industries, consolidating functions that traditionally require multiple tools.
- Vertical financial systems become the operating system for their users, centralizing essential tools and fostering trust and loyalty.
- BaaS platforms and white-label fintech solutions accelerate the development and growth of vertical financial systems.
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