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Boston-based startup Nift has raised $16.5 million in a Series A to fund its platform for “business gift cards,” a way for local businesses to drive customer engagement by providing gift cards to their consumers.
Without additional financial aid, all of these things could make it harder for both consumers and businesses to access credit, according to Boston Federal Reserve President Eric Rosengren. “I Some of the warning signs could be a rise in foreclosures and more business bankruptcies.
Then the city of Boston told us we have a curfew of 10:00 p.m., That honors the 2015 passing of Boston hot dog cart owner Ezra “Speed” Anderson, Campbell’s friend. “A month or so ago, when we thought about this concept, we were planning to stay open till 1:00 a.m. like our liquor license tells us we can,” Campbell said.
One restaurant that is working to incorporate AI into numerous parts of its operations is Boston Market , a Colorado-based fast-casual chain that has 330 locations in 37 states. I’m very excited about what AI can do for restaurants, and we are looking at how it fits with Boston Market right now,” he said. “I
Boston’s biotech industry raised more than $1.5 Cohere Capital Partners, a Boston-based private equity firm focused exclusively on middle-market growth companies, closed its initial fund at $200 million, and Founder Collective raised $85 million for its newest fund, BostInno reported. LaunchPad Medical of Lowell received a $2.5
Boston Market On The Fraud-Fighting, Customer Service-Enhancing Power Of AI. Merchants can also use the platform to send order and delivery updates via text message, further enhancing the mobile experience. For more on these stories and other mobile order-ahead headlines download this month’s Tracker.
Amazon is planning to build a $40 million state-of-the-art robotics innovation hub near Boston that will result in the creation of 200 tech and manufacturing jobs, Amazon announced in a press release Wednesday (Nov. The 350,000-square-foot facility will be located in Westborough, Massachusetts, which is 35 miles west of Boston.
Morgan Asset Management has announced that it has agreed to acquire FinTech 55ip , which works to help financial advisors deliver tax-smart investment strategies, according to a press release. The release stated 55ip will still operate as its own separate company, but it will have the "full support" of J.P.
Amwell , the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. The Motley Fool reported privately-held Amwell, a subsidiary of Aligned Telehealth Inc.,
Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. The Boston Fed chief said the central bank has already moved to help lessen the coronavirus pandemic’s economic harm.
Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. is already seeing a cluster of other fintech hubs emerge. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents.
Amazon has announced that it is set to open an Amazon Books location in Nashville, as well as an Amazon 4-star store in Boston. Geek Wire reported that the announcement came on the same day the eCommerce giant launched its fourth 4-star store in Seattle. The first location opened in New York City last September.
The city reminded residents and visitors to Boston that COVID-19 is still a risk throughout the city: “If you choose to dine outdoors, please continue to take the necessary steps to protect yourself and others. Charlie Baker has said t he next phase of the reopening will include opening dining rooms.
The Billy Joel concert that was scheduled for Fenway Park in Boston has a new date because of worries over the coronavirus, according to an announcement , and those who have tickets will be given reimbursement choices by email. Concertgoers are offering refund options in some cases. The event is now scheduled for Aug.
It starts with an undergrad degree from Boston College and a law degree from Boston University. But a slew of Boston area residents are thankful that she hasn’t. Then she purchased two adjacent buildings and re-purposed them into one 13,500-square-foot facility where it is now the leading destination spa in metropolitan Boston.
To change that, merchants and consumers are going to have to find a way out of the “chicken-and-egg” syndrome that is slowing adoption, a report released last week by Federal Reserve Bank of Boston found. While […].
Following its second acquisition as a public company, Boston-based Flywire will continue to look for purchase opportunities that expand the payments company’s reach globally, said CEO Mike Massaro.
More people going back to work is only positive news if it can be done safely and in the long term, Boston Fed President Eric Rosengren indicated in remarks to the Greater Providence Chamber of Commerce on Friday (June 19). However, he acknowledged that U.S. employment is at 13.3
The Boston-based bank is creating its own solution in advance of the PPP forgiveness process that will start […]. Radius Bank is standing up a Paycheck Protection Program loan forgiveness tool, even as many banks feel left in the dark by the Small Business Administration, which hasn’t yet released details on how the process will work.
LendingClub, the publicly traded digital-lending marketplace, announced Tuesday that it is acquiring Boston-based Radius Bank, which has $1.4 billion in assets and is partnered with several fintech companies. LendingClub will pay $185 million for the acquisition, which the company expects to pay for itself in less than two years.
Boston Telemedicine Company Amwell Prices IPO. Amwell, the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. Amwell plans to raise between $490 million and $560 million.
As part of a broader digital-first strategy, Radius Bank partnered with Gradifi, a Boston-based startup, to launch a new MasterCard debit card that will help members reduce student loans. The new debit card will be available in the fall, the company said this morning. Here’s how it works: costumers will Read More.
Thales eSecurity and Networld Media Group will host the 2018 FinServ Data Security Summit in Boston, Thursday, Nov. Participating CISOs will get exclusive insights from the Thales Data Threat Report and from IS executives who have headed up major digital transformation initiatives for their financial institutions.
Radius Bank, a one-branch Boston-based community bank with $1.2 As big banks try to win over customers with digital upgrades that resemble slick user interfaces from fintech startups, community banks are looking at new ways to keep pace with customer expectations. Many are seeing partnerships as the path to growth.
Federal Reserve Governor Lael Brainard addressed barriers to financial inclusion at a conference hosted by the Boston Fed and the Aspen Institute in Boston on Oct.
BuiltIn Boston , an online tech community, recently interviewed Hiral Shah , a lead technical consultant at Perficient, to discuss the importance for women to self-advocate and the benefits she has realized as a result.
But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. Citi and Flywire are putting their decade-old partnership to a new use in an initiative with The Boston Foundation , a community foundation connecting nonprofits to funding.
Payments giant Mastercard has acquired Boston-based SessionM, a nine-year-old software company that helps clients improve customer relationships through data analysis.
The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope.
At the JPMorgan Technology, Media and Communications conference in Boston yesterday, Kelly said: Remember blockchain actually is not very good about facilitating low-value high-volume scale transactions, which is the core of what we do. […].
In a speech delivered by webcast at the Federal Reserve Board and Federal Reserve Bank of San Francisco’s Innovation Office Hours, Fed Governor Lael Brainard said that the Federal Reserve Bank of Boston is working with researchers at MIT to “build and test a hypothetical digital currency oriented to central bank uses.”.
Recently, Built In Boston , a well-known online tech community, profiled our own Vice President of People, Andrea Lampert, SPHR, to get her take on how companies can continue to build a culture while working remote that will last for the long-term.
Robots – specifically the Boston Dynamics robotic dog, Spot – have a future as frontline medical responders, it seems. These days, Spot, now modified with a tablet for a “face,” can be found roaming the halls of Brigham and Women’s Hospital in Boston. The field test comes early in Spot’s life.
Personalization : A Boston Consulting Group survey detailed that 80% of consumers are comfortable, and now expect, some level of personalization. Enhanced Customer Engagement : RCS enables banks to create more interactive and engaging content, leading to higher customer satisfaction, loyalty and data collection.
To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain. I believe AI is the future of the restaurant sector, and it will help [us] run smoother, sell more and be more profitable.”.
Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there.
Boston-based Radius Bank, along with its NYC-based partner Mantl, has opened a digital account opening platform, the bank announced. This platform allows users to reduce the time it takes to open a new bank account to under four minutes, the bank said. The platform, which was built in August 2017, has also allowed Radius to […].
Boston is home to the world’s “statement race” — the Boston Marathon. you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world. you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world. Bostonians take their running seriously.
Geographic anomalies: For example, a transaction in Boston followed 15 minutes later by one in California. Lifestyle mismatches: Transactions that dont align with a customers known spending habits, such as luxury purchases on a previously frugal account.
Although they look kind of dog-like, they’re actually quadruped robots designed by Boston Dynamics and leased by Ford. Although Ford is leasing them, Boston Dynamics has recently started selling the robo-mutts for $75,000 apiece. And while Boston Dynamics is one of the better-known names in the robot game, it’s far from the only one.
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