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Rover180 Acquires Vemity To Boost AI Capabilities

PYMNTS

Located in Indianapolis, Rover180 provides alternative supply chain finance and factoring programs. By capitalizing on the advances happening with artificial intelligence, we can add smarts around accelerated payments for our clients,” said Eric Meek, a Rover180 board member, in a press release.

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Tech Center: Microsoft In Montreal, Puerto Rico’s Entrepreneurism

PYMNTS

In this week’s Tech Center tracker, we round up the latest tech news happening around the globe, including Microsoft’s expansion of its artificial intelligence (AI) footprint in Montreal, how Puerto Rico is taking on tech innovation and Indianapolis’ efforts to lure tech talent. Indianapolis Sheds Manufacturing Reputation.

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UnitedHealth Will Pay $3.2B For Payments Co Equian

PYMNTS

Equian, which is owned by New Mountain Capital , does payment processing operations for insurers and healthcare companies, and highlights its process for reducing overpayment mistakes. million were compromised and exposed in a data breach of an agency that collects money for Quest Diagnostics and UnitedHealth Group.

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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending. • Indianapolis, Indiana – First Internet Bank of Indiana ($249 million). Flagstar capitalizes on going local, too.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

The R.I.P. Report – Startup Death Trends And Data. In this review of failure, we’ve looked in our venture capital database to find the most well-funded startup companies that ultimately failed or had an undesirable exit, such as an asset sale or an acquisition for less than the total funding raised by the company. Company: Jawbone.

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