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Amazon To Build $40M Robotics Innovation Hub Near Boston

PYMNTS

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.

Boston 161
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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. This demand is driving the global expense management software market to reach $6.6 Yordex offers virtual cards as well, which can be used to manage online business expenses, such as recurring subscription charges.

Tools 141
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B2B Investors Set Sights On Data, AI, Analytics

PYMNTS

Germany’s LeanIX offers businesses an Enterprise Architecture Management Software-as-a-Service solution that helps businesses optimize their digital tools and enhance IT to bring data-driven insights. Procure-to-pay and spend management company SourceDay announced $6.5 Wise Systems. Reports in AmericanInno this week said the U.S.

Analytics 176
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State Street Agrees To Pay $35M To Settle SEC Charges

PYMNTS

The SEC found the company’s scheme to mark up transition management services generated approximately $20 million in improper revenue for the firm. Levenson, director of the SEC’s Boston regional office, the department which investigated the overcharges. Treasury securities.

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Digital payments on the rise in India – what does this mean for the region?

NCR

At the moment, some parts of this region are still heavily cash dependent, with research from McKinsey and Capgemini suggesting just two per cent of transactions in emerging nations of Asia-Pacific were cashless last year – though this rises to 35 per cent in developed countries. With more than 1.3 India set for a digital boom.

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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said.

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How Masabi Makes Public Transit Ticketing Mobile

PYMNTS

with a platform called JustRide, which is a cloud-based collection of railways, and we launched in Boston with the city’s commuter rail service,” Donovan said. In 2012, we moved beyond the U.K. From there, we’ve moved to a number of different agencies, not just in the United States but around the globe.”. Something for everyone. “I

Mobile 161