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DATA: How FI’s Innovation Gap Is Big Tech’s Big Opportunity

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As far as we can tell, the origin of the quote is from a 2012 Fortune article, with the author writing: “ A favorite Bezos aphorism is “Your margin is my opportunity.” . And while there are plenty of headwinds in pursuing those innovative opportunities – many so-called incumbent FIs may be running out of the proverbial runway.

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Why Does The Path To Retail Innovation Go Through So Many Labs?

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Innovation is one of the keys to advancement — and that increasingly means opening tech hubs, incubators and other such operations. But not all innovation labs or tech hubs give rise to seamless tech progression. New Efforts. Lab Changes.

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Payworks Raises $14.5M To Grow POS Technology

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Founded in 2012, Payworks offers a variety of omnichannel payment providers a next-generation payment gateway technology, operated in the cloud and provided in a Software-as-a-Service model. Payworks announced that it has completed a $14.5M

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US Judge: Uber Can Be Sued For Allegedly Forcing Out Rival

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A lawsuit against Uber alleges that the company engaged in deceitful practices to drive its competitor Sidecar Technologies out of business in 2015, according to Reuters. The lawsuit by SC Innovations, Sidecar’s successor, has been allowed to go forward by Judge Joseph Spero in San Francisco. Uber had no comment on the allegations.

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Uber Buys Dubai Ride-Hailing Unicorn Careem For $3.1B

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Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Although the startup will be a wholly-owned Uber subsidiary, Careem will continue to operate under its own brand, the news outlet reported. Uber paid $3.1 billion to take ownership.

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Open Banking Platfom Tink Acquires Eurobits

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European open banking platform Tink will now have more room to expand with the acquisition of Eurobits , which works in account aggregation technology, according to a press release. Tink was formed in 2012. Tink is undoubtedly one of the most innovative companies within open banking,” said Eurobits CEO Arturo Gonzalez Mac Dowell.

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Ten Years Of Payments Innovation And Reinvention

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However, most people assumed that was survivable, and that the new millennia — powered by the emerging, mysterious technology known as “the internet” — was going to be a great place to live. As Nan Siler, head of payment and financial operations at Kabbage, noted, it’s been a pretty wild ride, thus far. and run on the Discover rails.