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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.
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.
Personalization : A Boston Consulting Group survey detailed that 80% of consumers are comfortable, and now expect, some level of personalization. Tutorials and guided tours can help customers navigate online banking platforms on the go. RCSs power in the ability to deliver 1:1 marketing and customer support.
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. Learn more about what it’s like to work at Perficient at our Careers page.
Online sportsbooks have been beneficiaries of that dictum ever since COVID-19 eradicated most live sports, leaving millions of fans and a great many bettors potentially mired in boredom. DraftKings already has similar arrangements with three NBA franchises: the Boston Celtics, Indiana Pacers and Philadelphia 76ers. billion by 2025.
To enhance diners’ experiences in quick-service restaurants (QSRs), managers are utilizing digital innovations, enabling everything from faster orders to more efficient kitchens. However, they’re less enthusiastic about high-profile innovations such as mobile apps and kiosks.). More than six in 10 – or 65.3
Amid great technological change, health and beauty retailers are developing strategies to drive innovation. And many retailers are heeding the call: According to the PYMNTS Retail Innovation Readiness Index , 60 percent of health and beauty merchants are focusing on innovation. About the same share — or 60.9
Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today.
The Boston-based online sports gambling company announced Friday (June 19) it will sell 16 million shares of its stock. By bringing together our leading consumer brand, data science expertise and industry-leading products with SBTech’s proven technology platform, we will accelerate our innovation, growth and scale,” he said. “I
A study found that the industry expanded by 20 percent over the past five years, with online food delivery revenue expected to hit $24 billion by 2023. cities, including Boston, Chicago, New York and Washington, D.C. Developments From The Order To Eat World. About The Tracker.
Caesars Entertainment announced that it has reached an agreement to offer DraftKings , the leading sports-tech entertainment brand in the country, providing market access for its online gaming products. The access is exclusive to Caesars locations across select states where the company operates casino properties. and Australia. .
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. […].
This investment will help us to continue to innovate, developing new tech tools to support restaurants, to provide riders with more work and to extend choice for customers, bringing them the food they love from more restaurants than ever before,” Will Shu, Deliveroo founder and CEO, said in the announcement.
Had I been in town, I might have used Google to find a store near me in Boston that carried the brand I wanted so I could try before I bought. It was also a look, maybe for the first time for some, at what was then a real innovation in shopping. I was traveling at the time, so that shopping experience worked really well for me.
It might also offer opportunities not possible with cash while supporting innovation.”. As reported in the latest “How We Will Shop” report, done in collaboration between PYMNTS and PayPal, 24 percent of all consumers said they had shifted at least one daily activity online, and plan to keep it that way.
Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.
Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.
there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom. is arguably ground zero for open banking and, if investment flows are an indicator of where the FinTech-driven innovation will be, then the U.K.
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 […].
In the video, Lore presents a plan to bet Wal-Mart’s future not on e-commerce standbys such as books, electronics, and toys, but on product areas only now becoming popular online, including apparel, fresh food, and “everyday essentials” like drugstore items. “AMAZON IS DOMINATING” reads a slide on a large screen behind him.
Boston-based money transfer firm Flywire has launched a new offering, targeted at international business-to-business (or B2B) payments. The fintech will enable faster settlement between businesses, seeking to make those transaction “local.”
Innovations in 3D and augmented reality (AR) eCommerce are leveling the playing field and bringing conversion-centered visual technology to any online retailer. It’s generally agreed that Warby Parker’s usage of online frame fitting is one of the first scalable usages for 3D visual technology.
These reasons are driving a surge of interest in and use of remote online notarization (RON) services, according to James Schlimmer , managing partner of Naples, Florida-based notary firm Cottrell Title & Escrow. The COVID-19 crisis has been a catalyst for RON adoption in the United States,” Schlimmer said in an interview with PYMNTS.
Have you purchased anything online recently? One study by The Boston Consulting Group estimated that small and midsize U.S. If you’re like most Americans , you have, and you likely were grateful for the time saved in traffic and at the store, or for the time or money saved in booking a trip. Reducing the IT burden.
As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. The new service is being featured at the Mastercard Cybersecurity Summit in Croatia from Sept.
Anyone who has ever driven North on Route 1 from Boston, Massachusetts, has seen Kowloon Restaurant. Not one to rest on his innovations, third-generation owner Bob Wong recently had two ideas as he was assessing ways to generate revenue amid the Massachusetts state-ordered lockdown and subsequent indoor dining restrictions.
Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. This newfound friction is the result of the City of Boston passing a bill that bans plastic bags and gives merchants the right to charge for ones made of paper. Innovation by Any Other Name. Back here in the U.S.,
While sales fell 25 percent in the first quarter, the slowdown is expected to accelerate in the second quarter and could lead to an estimated contraction by as much as 35 percent for the year, said the Boston-based investment firm. Online luxury has remained resilient, while brand name stores and department stores have seen sharp drops.
To serve customers who want to shop in stores and online, retailers and solution providers are working to offer a unified retail experience across multiple channels. The finding was reported by Boston Retail Partners in its 20th annual POS/Customer Engagement Benchmark Survey.
You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend. 23-25, 2020.
It also explains why some innovations in payments have been met with open arms by consumers and others given the cold shoulder. And why innovations that introduce more intelligence into the digital versions of those accounts that require little to no change of the consumer are highly valued by consumers, merchants and issuers.
Amazon said in its announcement that Sidewalk will extend the low-bandwidth working range of such devices, with bandwidth sharing across neighbors representing a “network of networks” that will help devices stay online. The company has said the network enhancement is available at no charge.
CarGurus, an auto marketplace based in Boston, has acquired car shopping platform startup Autolist, according to reports. Like CarGurus, Autolist is a tech-centric online auto shopping provider,” Jeremy Sacco, CarGurus’ director of B2B content and communications, wrote in a blog post.
One solution: in-house healthcare innovation labs. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. Sometimes corporate innovation goes wrong , and we’ve written about corporate innovation theater before.
That’s because stadiums and sports teams are looking for more opportunities to connect with at-home and online viewers as they come to represent another segment of attendees. These teams are looking to mobile apps to innovate payments in a way that will revitalize purchases and the game experience.
In an interview with PYMNTS, CEO and Founder of Reviver Auto Neville Boston said that for the firm, which traces its genesis to 2009, the “initial thought process was simplifying the registration process. Boston noted that, with the traditional and entrenched methods, “your registration is sent out to an address.” It’s onerous.
The ubiquitous (well, at least in the Northeast) coffee chain has announced a partnership with DoorDash , the online delivery app that promises food and other “goods” delivered to your doorstep in 45 minutes or less, that will see it offer an on-demand delivery service in select parts of Brooklyn and Manhattan. “The
Existing partners of the FI including Coinbase and online lending platform Affirm. company secured the funding from Underscore VC, Accomplice, Boston Seed Capital, Imagination Capital and Project 11 Ventures. Reports in AmericanInno this week said the U.S. Similar to Looker and LeanIX, Forge.AI Reports in DemandGen Report said the U.S.
As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. Since the pandemic started, Crowe says, more customers are opening online or mobile accounts and making remote payments. Online U.S. By Elizabeth Judd. Education as an anti-fraud tool.
To enable pet owners to feed their dogs snacks sourced from sustainable ingredients, innovators are upcycling products that might go to waste. Co-founder James Bello initially worked at the headquarters of a major retail chain, and then moved to Boston to serve in their innovation group.
Corporate innovation is critical for established companies looking to stay relevant in the face of disruption from up-and-coming startups. With industries being unbundled left and right ( supermarkets , banking , cars — just to name a few) more companies are opening up in-house innovation labs every day. Innovation Lab Name: HP Labs.
Online ordering now makes up more than 25 percent of orders at the chain’s company-owned stores. Trials at the Boston-area restaurant showed how each adjustment would affect the rest of the assembly line. For instance, online ordering reduced wait time at the counter but made life harder in the kitchen.
Amazon To Build $40M Robotics Innovation Hub Near Boston. Tye Brady, chief technologist at Amazon Robotics , said the new hub will speed-up innovation and will be a “world-class facility, where our teams can design, build, program, and ship our robots, all under the same roof.”. Deutsche Bank told U.K.
According to the “2017 Digital Commerce Benchmark Survey,” conducted by Boston Retail Partners (BRP), some 65 percent of retailers will offer same-day delivery within the next two years. In data that will likely surprise anyone who has avidly watched retail over the last few years, the market is trending strongly toward same-day delivery.
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