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

PYMNTS

The Detroit-based company is expected to market a reduced number of shares at about $18 to $20 apiece, Bloomberg reported, citing sources. The report stated the downsizing may signal the IPO market’s worry as the pandemic deepens across much of the U.S., Last month, Gilbert sought an IPO for $3.3 which is owned by Gilbert.

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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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. The company appointed former Synacor Founder George Chamoun as its CEO and received $5 million in funding from a group of venture capital companies on Sept. In the U.S.

Cleveland 100
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ORACLE: Swinging the Bat in Cloud Services

Celent Banking

After three days at OpenWorld, I realized that the real story of interest to banks is Oracle's emerging cloud story, which coupled with its existing core banking applications business puts them in a really interesting position to transform the core banking systems market. Most banks, however, are not Capital One.

Chicago 100
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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. The Mayo Clinic Departments of Information Technology and Public Affairs teamed up with CFI to create the Mayo Clinic App. One solution: in-house healthcare innovation labs. Cardinal Health — Fuse. Founded: 2014.

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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 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.

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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.