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Kobe Bryant, Virtual Cards, Self-Service Technology Top This Week’s News

PYMNTS

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. BMO on Taking a Digital-First Approach to Retail Banking. Kobe Bryant, who died on Sunday (Jan.

Cards 131
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Beyond Amazon Go: The Technologies And Players Shaping Cashier-Less Retail

CB Insights

Traditional retail is getting an upgrade. Despite the rise of e-commerce and mobile, the physical channel still plays an important role in consumer experience — and retailers are increasingly leveraging technologies to stay afloat. Cashier-less technology is one of the latest trends to dominate conversation.

Retail 71
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How Tech Companies Are Backing The Future Of Retail Through AR, AI And Drones

PYMNTS

The eCommerce retailer invested $22.6 Here’s how these companies are investing in R&D — and ushering in the next generation of retail technology. Amazon spent the most on R&D by far. billion in R&D in 2017, which was 41 percent more than it did in 2016. Amazon spent $22.6 billion in R&D in 2017.

Company 118
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Citi Venture Investing Head: ‘Financial Services is Becoming More Like Tech’

Bank Innovation

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

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Kroger Becomes First North American Grocer To Launch In-Store Farms

PYMNTS

Grocery retailer Kroger is partnering with Berlin farming startup Infarm to offer “living produce farms,” Kroger announced in a press release on Tuesday (Nov. market, but it already has more than 500 farms globally and has teamed with 25 major food retailers in the U.K. This is the vertical farming company’s first venture into the U.S.

Michigan 101
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Chinese P2P Lender Dianrong Completes Funding Round

PYMNTS

Standard Chartered Private Equity was the main investor, and Affirma Capital also participated in the round. The amount of the raise wasn’t disclosed, but Dianrong was reportedly trying to raise $100 million so that it had enough to satisfy China’s capital requirement — $74.5 The most it raised in one round was $290 milion.

Lending 100
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. In some cases, the technological changes inspired by Covid-19 will come in the form of an acceleration of existing trends — for example, industrial automation and contactless payments. Teletherapy.

Industry 101