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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

Just ask Carvana, the leading online automotive seller and a major force in changing the way people buy cars. This year we expect another year of market-leading growth. Our cohort growth was broad based with many markets crossing key milestones.”. New Markets. billion, on an 82 percent increase in retail sales.

Company 130
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Community banks most likely to approve small business loans

Abrigo

Over the first half of 2014, these banks, with an approval rate of just under 60 percent, beat out large national banks (31 percent), large regional banks (45 percent) and online lenders (38 percent). Its goal was to capture the perspectives of small businesses with less than 500 employees across ten states.

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Cognitive Technology: A shelter in the storm of regulatory change

Insights on Business

This is capital that cannot be deployed elsewhere or used to create value. More effective use of technology is key to better adapt to regulatory changes, cut costs and free up much of that locked-up capital. When the Watson-powered IBM Safer Payments system went online in France, it was fed 4.7 The system can learn.

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Investment Tracker: Bringing Auto Trading To The Digital Age

PYMNTS

Auto dealers don’t get to pick their inventory from a catalog or from snazzy marketing materials delivered personally from a sales representative. ACV is a digital auto dealer app, allowing auto dealers to view, bid and purchase car inventory via online auctions. But that is changing in the digital age: enter ACV. In the U.S.

Cleveland 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

Goodcover , a San Francisco-based insurtech, raised a $2M seed round led by Fuel Capital. Proformex , a Cleveland-based life insurance policy management platform, raised $500K from undisclosed investors as indicated in its Form D filing. The company has raised $7M in total disclosed funding to date. PRODUCTS, PEOPLE, AND CUSTOMERS.

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18 Corporate Innovation Labs In Healthcare

CB Insights

Notable projects: The Mayo Clinic OB Nest explores ways for women with low-risk pregnancies to reduce the number of their in-person doctor visits through a combination of dedicated nurses, a special online community, and in-home monitoring. Its first product to market, SmokeBeat, is a smoking cessation app. Bayer — Open Innovation.