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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

The 39 percent reduction came as investors rejected the company’s valuation, noting it should be priced as a consumer or financial company rather than a technology business, one of the sources said, according to Bloomberg. Last month, Gilbert sought an IPO for $3.3 Rocket describes itself as the largest retail mortgage lender in the U.S.

Cleveland 233
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Cognitive Technology: A shelter in the storm of regulatory change

Insights on Business

It is also an opportunity to implement technology that can facilitate change. However, traditional technology is not the answer. This is capital that cannot be deployed elsewhere or used to create value. Companies require cognitive systems that can learn and adapt.

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

CB Insights

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. The technologies supporting a cashier-less environment.

Retail 71
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18 Corporate Innovation Labs In Healthcare

CB Insights

From the digitization of medical records to smart patient care platforms, technology is disrupting the healthcare industry. ” Here, a team of over 60 professionals in healthcare, design, IT, and project management work around a business strategy called design thinking. One solution: in-house healthcare innovation labs.

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ORACLE: Swinging the Bat in Cloud Services

Celent Banking

" For the largest banks like Capital One that have significant IT development capabilities in-house and with the willingness to experiment with new technologies, AWS makes a lot of sense. Most banks, however, are not Capital One. " and have moved onto the more interesting question " How cloud? "

Chicago 100
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This Week In Insurance Tech: Gojek Rolls Out Online Insurance, Blockchain-Enabled Insurance Tests, AXA Partners with ClassPass

CB Insights

Laka , a London-based community-driven insurance technology company, raised $4.7M The company offers a commercial real estate management platform and offers a commercial P&C insurance program for portfolios between $500K and $10B in AUM. . Goodcover , a San Francisco-based insurtech, raised a $2M seed round led by Fuel Capital.

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Early-Bird Discount Extended for FinDEVr Silicon Valley

Fintech Labs Insights

Using code, examples, and live demos, top software engineers and CTOs, technology architects and evangelists from dozens of firms will share their work and insights via 15-minute TED-style presentations. Personal Capital. Capital One. Federal Reserve Bank of Cleveland. Financial Technology Research Institute.