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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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Amazon Announces HQ2 – On Mars

PYMNTS

In fact, according to Jeff Bezos, Amazon HQ2 will be the first building to be constructed in Alexalopolis which Amazon’s CEO explained to assembled reporters this morning, will someday be the capital city of Mars itself. The people of Cleveland shrugged it off, saying, “we knew we really weren’t going to get this anyway.”.

Cleveland 157
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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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Retail Enabler: CardinalCommerce Protects SMBs From Holiday Fraud

PYMNTS

The eCommerce fraud protection company, headquartered in Cleveland, Ohio, announced last Friday (Nov. The CCA platform will enable SMBs to capitalize on the same form of fraud prevention utilized by some of the world’s largest online retailers.

Fraud 100
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Investment Tracker: Bringing Auto Trading To The Digital Age

PYMNTS

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. The company has tripled its workforce, according to Buffalo News , and plans to expand from its base in Buffalo to the larger markets of Cleveland and Pittsburgh. In the U.S.

Cleveland 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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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