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Community Banks Debut FinTech Alliance

PYMNTS

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. Arizona, which launched a “sandbox” earlier this year, said last week that there is a new participant in that FinTech-driven initiative.

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Nuro Raises $940M From SoftBank For Robotic Delivery

PYMNTS

In a press release , the company said that to date, it has raised more than $1 billion from SoftBank, Greylock Partners and Gaorong Capital. This partnership gives us the opportunity to take the next step in realizing our vision for local commerce and the broad application of our technology.”. It will also bring on more employees.

Arizona 100
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The Bank Legacy Is Dead: Long Live the Fintech Collision

Gonzobanker

It’s been a long two years since bankers and investment bankers nationwide made their annual pilgrimage to the Arizona desert for the Acquire or Be Acquired conference – and ohhh man, a completely different world has emerged since the January 2020 get-together! Let’s put COVID aside for a minute. price/book multiple.

Fintech 167
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Retail Pulse: Stop & Shop To Deploy Autonomous Vehicles; Chico’s FAS Plans To Close 250 Stores

PYMNTS

Grocers are using autonomous vehicles to help bring fresh food to the doorsteps of consumers, and news came this week that another retailer plans to use the technology: Approximately one month after Kroger announced that it had started to use autonomous vehicles in Arizona, Stop & Shop is intending to use them in the Bay State.

Retail 129
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How Saudi Arabia Is Hedging Against An Oil-Less Future

CB Insights

Investing in EV companies, in addition to companies pioneering technology in alternative energy, helps the country hedge against its oil export business. In September, PIF poured $1B into Lucid Motors, an EV manufacturer that had recently been struggling to raise enough capital to launch production for its first luxury EV, the Lucid Air.

Arizona 64
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Android of the Auto Industry? How Baidu May Race Ahead Of Google, Tesla, And Others In Autonomous Vehicles

CB Insights

We’ll explore the growing number of mobility technologies that are set to transform the current transportation ecosystem. Baidu is also increasing investment in autonomous driving technology, ramping up R&D spending in 2017 and launching a $1.5B LIVE briefing: DISRUPTING THE CAR. Table of contents.

Google 71
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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. Powa Technologies. The problem, of course, is that Holmes’ technology was a sham. Table of Contents. Total disclosed equity funding : $500M.

Report 78