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Online Grocer Ocado Acquires Robotics Companies To Drive Automation

PYMNTS

based online grocery, is heightening its automation drive by acquiring two robotics companies. The robotic pick opportunity in online grocery is of huge value to us and our clients globally,” said Tim Steiner , Ocado CEO. Ocado is embroiled in a patent lawsuit over robotically operated warehouse technology with AutoStore.

Las Vegas 222
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What’s your Bank’s Technology and Innovation Budget?

Bank Innovation

Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

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What’s your Bank’s Technology and Innovation Budget?

Bank Innovation

Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

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How Technology And Market Trends Spawn Innovation

PYMNTS

In restaurant technology, cloud kitchens have emerged as a new model driven by the rise of online ordering. And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). Data: $525M: Approximate valuation of cloud company kitchen Rebel Foods Pvt.

Trends 122
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Powering Retail Innovation With Digital Technology

PYMNTS

Direct-to-consumer (DTC) medical device company Lumen seeks to have Americans look to metabolism as an important factor in weight loss and nutrition. The company brought its app and device to market just two weeks ago. 42%: Share of consumers who are engaging in even the most routine activities online.

Retail 150
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Why banking technology makes sense – recession or not

Abrigo

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages.

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Why SMBs Need To Focus On Product Innovation And Adopt A Digital Business Model

PYMNTS

When consumers fled to online shopping options in Q2, many businesses weren’t set up for digital-first commerce, but quickly figured it out. If you are an offline business that isn’t figuring out how to develop an online offering, you will likely be left behind by competitors.”.