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GCB raises $93M to build digital tools for customers

Bank Innovation

Houston-based Gulf Capital Bank recently completed a capital raise of $93 million. With the funding, the bank plans to invest in its digital capabilities, providing services that include mobile deposits, secured and unsecured commercial loans, letters of credit and consumer loans.

Houston 273
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Leena AI Raises $30M To Accelerate Development Of Conversational AI Chatbots For HR

CB Insights

It also provides automated employee engagement tools that can be used to conduct surveys related to things like worker sentiment. The platform integrates with internal HR systems, such as SAP, Oracle, and Workday, and is used by more than 100 customers, including HDFC Bank, Al-Jazeera, Reserve Bank of India, Odessa, and Houston Methodist.

Houston 64
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Inside Chipotle’s Decade Of Digital-First Ordering Innovation

PYMNTS

The Tracker also delves into the different ways restaurants are adding tools powered by artificial intelligence (AI) to their ordering portfolios. The company has partnered with autonomous technology firm Nuro with plans to put driverless delivery vehicles to work in Houston, Texas, by the end of 2019.

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Branching Out: Physical Locations Boost CUs' Digital Plans

PYMNTS

Houston-based First Service Credit Union has selected a third-party provider’s digital banking suite to enhance its members’ online access to financial services. The tool acts as an automated investment solution for members and also features a chatbot that leverages artificial intelligence (AI) to answer frequently asked questions.

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How Faster Disbursements Can Help Solve Patients? Payment Pain Points

PYMNTS

The Affordable Care Act’s (ACA) medical loss ratio (MLR) provision is one tool, and it requires health insurance companies to refund policyholders if they overcharge them on premium prices. How Streamlining MLR Rebates Can Keep Insurance Policyholders Loyal.

Payments 130
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Why Smart Cities Of The Future Won’t Be Built In A Day

PYMNTS

In the 1920s, Wright’s vision of Broadacre City modeled a city that integrated technological tools to “better our lives, diversify land use, integrate organic architecture and provide innovative neighborhoods.”. Houston sports teams started leaving it for other smaller, more purpose-built venues. But times changed.

Houston 113
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Kicking The ‘Virtual’ Tires To Spur Car Sales As COVID-19 Hits Automakers

PYMNTS

“OEMs and their captive finance partners have a number of tools to support consumers during times of uncertainty, both those looking to purchase a new vehicle as well as those looking to continue maintaining their existing vehicle,” said James Houston, J.D. Power managing director, consumer lending and automotive finance.

Houston 141