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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. If one measures success for digital currencies in buzz — and in price appreciation for many of the marquee names — then 2020 stands out as a banner year. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher.

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Building Operations Platform Company Building Engines Is Acquired For $300M By JLL

CB Insights

Building Engines: Boston-based Building Engines’ platform, Prism, brings together the technology and applications required for building management in one place. and adjusted EBITDA of $860M in 2020, and it also reported having $68.9B The deal is expected to close in Q4’21. WHO ARE THE PARTIES TO THE DEAL?

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ShipMonk Pulls In $290 Million For eCommerce Growth Effort

PYMNTS

ShipMonk has pulled in $290 million in a funding round led by Boston-based Summit Partners as part of an expansion effort. Florida’s ShipMonk, started in 2014, offers eCommerce fulfillment services and technology solutions. We couldn’t have foreseen this year’s increased demand.

Boston 167
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Mobile Order-Ahead Sector Goes All-In On AI

PYMNTS

Businesses rapidly embraced digital solutions in 2020 as shopping (and eating) moved online while everyone hid out indoors. To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain. Advanced AI Makes Systems Smarter.

Mobile 289
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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”. Porter nabbed the 2016 EY Entrepreneur of the Year Award in the Financial Technology category for the Central Texas region.

Industry 130
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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. Banks that want to attract and retain this business must continue to invest updating and enhancing their technology infrastructure while embracing emerging technology.”.

Boston 109
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True Tickets, Shubert Partner To Trial Blockchain Broadway Ticketing

PYMNTS

Boston startup True Tickets is teaming up with the Broadway theater company The Shubert Organization for blockchain-based mobile ticket delivery , the companies said in a press release Wednesday (Oct. We see True Tickets as a leader in the space and are excited to put their technology to the test on Broadway.”.