Walmart has snapped up Inkiru in an undisclosed deal. Inkiru, a California-based company, uses its data analytics platform in order to reduce fraud, target customers and suggest recommendations to users to boost sales.
Inkiru will be incorporated into Silicon Valley-based @WalmartLabs which is a part of Walmart’s e-commerce division, which will use Inkiru’s technology for its own purposes. Inkiru’s team will join @WalmartLabs.
“Walmart’s data scientists will now be able to work with big data directly and create impact faster than ever before,” Walmart’s blogger wrote.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.