The Business & Technology Network
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Abett has raised $11.6 million to grow its software platform that helps large employers manage and analyze health plan data. The company’s Lockbox product helps benefits teams share, store and analyze this data, aiming to help them save costs by altering benefits, GeekWire reported Tuesday (May 21). “Very proud to be part of an amazing team,” Abett said in a LinkedIn post that linked to the...
Rho and Navan have launched a unified finance suite that customers can use to manage corporate travel and expenses, enforce expense policy compliance, send payments and close the books. This co-branded solution brings together the capabilities of Rho Corporate Cards and the Navan travel and expense super app, the companies said in a Thursday (May 23) press release. “With Rho, Navan customers now...
The FICO score — what we might think of as the general “shorthand” for lending — was created back in 1989. In the decades since, and now as we’re on the cusp of the middle of the 2020s, relying on the triple-digit number to crystallize creditworthiness has some competition. While credit reporting has traditionally been a backward-looking activity, the wealth of data, specifically, real-time and...
X CEO Linda Yaccarino said Friday (May 24) that the social media company could share its Community Notes feature with newspapers and other platforms. The crowd-sourced fact-checking feature can “force out bias,” Yaccarino said at the VivaTech conference in Paris, Bloomberg reported Friday. Yaccarino added that the feature now has more than 500,000 volunteers contributing to it on X, according to...
Life is a matter of choices, and so, too, is business. That’s why, when it comes to B2B payments, accepting (and offering) more options can potentially lead to more business. And with the recent news that American Express (Amex) has teamed with Emburse to embed the former’s virtual card solutions into the latter’s platform; while Dwolla and Visa have partnered to make it easier for mid- to...
Wayfair is going all-in on brick-and-mortar as furniture shoppers prove hesitant to fully embrace eCommerce. The home goods online marketplace announced Thursday (May 23) the opening of its first large-format physical location in Wilmette, Illinois, occupying two stories and 150,000 square feet. “We are committed to providing our customers with unparalleled shopping experiences, tailored to their...
The U.S. House of Representatives passed a bill Thursday (May 23) that would stop bureaucrats from issuing a central bank digital currency (CBDC) without explicit authorization from Congress. The CBDC Anti-Surveillance State Act (H.R. 5403) passed by a vote of 216 to 192, with 213 Republicans and three Democrats voting to approve it, according to the website of the Clerk of the House. The bill...
Capital One will no longer be the exclusive issuer of Walmart Consumer Credit Cards. The two companies announced Friday (May 24) in a joint press release that they ended their agreement. They introduced the Capital One Walmart Rewards Credit Card Program in 2019, according to the release. “While Capital One and Walmart have ended their card partnership, nothing changes today for cardholders —...
Google plans to invest in Indian digital commerce company Flipkart. The move will make Google a minority investor in Flipkart’s latest funding round, which is led by Walmart, Flipkart said in a Friday (May 24) press release. The proposed investment is subject to regulatory and other customary approvals, according to the release. “Google’s proposed investment and its cloud collaboration will help...
The thing about far-away technological innovations is that they get closer to reality each day. And with the news Tuesday (May 21) that Zoom is making post-quantum end-to-end encryption (E2EE) globally available across its Zoom Workplace platform, specifically Zoom Meetings with Zoom Phone and Zoom Rooms coming soon, preparing for the operational and cybersecurity realities of the upcoming...