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NFT Insurance Is Coming, but Can It Be Supported?

NFT Insurance Is Coming, but Can It Be Supported?

Non-fungible tokens (NFTs) are a $41 billion business, and where there’s several zeros behind any product, there are usually insurers. However, that’s not the case with NFTs, a segment of the cryptocurrency market that wasn’t worth even 1% of that two years ago. But, with the announcement today (March 3) that insurance broker and wealth manager IMA Financial is investing in an R&D facility to figure out how to assess risk and underwrite coverage of NFTs, it seems pretty clear that lack of coverage is about to change. NFTs are unique cryptocurrency tokens that hold images, video or...

Mar 4
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Starling Bank: Unicorn Status With Share Sale

Starling Bank: Unicorn Status With Share Sale

Sections Britain's is scheduled to announce Monday (March 8, 2021) that it has raised about $373 million from investors led by Fidelity Management & Research, reported.Starling launched in 2016, two year after it was founded, with iOS and Android apps, its states, and began to offer Britain's first digital bank account for businesses in 2018.The latest round of investing maintains Starling's valuation at well more than $1 billion, Sky News reported, adding that other investors in the new round include Qatar Investment Authority, Railpen, and hedge fund Millennium Management.Sky News quoted...

March 8, 2021
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How The Pandemic Accelerated Digital Commerce | PYMNTS.com

How The Pandemic Accelerated Digital Commerce | PYMNTS.com

Sections “Digital transformation is inevitable, and the companies that can protect the entire customer journey while delivering exceptional experiences will have the advantage.”As transaction volumes soared and millions were onboarded remotely during the lockdowns, cybercriminals had a field day. And they still are having one. Financial institutions and merchants that are hypervigilant with security will be rewarded with loyalty. “The ‘shove’ toward eCommerce means more businesses are offering new digital experiences,” said , CEO at . “That includes memberships, accounts, loyalty points and...

July 17, 2020
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Shopify Invests in Crossing Minds

Shopify Invests in Crossing Minds

Recommendation engine Crossing Minds has secured a strategic investment from eCommerce internet infrastructure platform Shopify that makes the portal available to Shopify merchants looking to leverage individualized recommendations, according to a Thursday (April 21) press release. The investment by Shopify comes shortly after Crossing Minds closed a Series A fundraising round and allows the company to scale the business using Shopify’s global merchant base. “We built the Crossing Minds recommendation platform to help merchants understand their customers better without sacrificing their...

Apr 21
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Saks.com, Saks Fifth Ave To Be Separate

Saks.com, Saks Fifth Ave To Be Separate

Sections The parent company of Saks Fifth Avenue (March 5) it was splitting its eCommerce and 40 traditional retail stores into “separate but related sister companies” in a move it said would “redefine the luxury shopping ecosystem.”By establishing the Saks.com brand as a standalone eCommerce company, as well as receiving a $500 million investment and the digital expertise of Insight Partners, parent company Hudson’s Bay () said the two brands would be better able to plan and execute within their respective service models.“With this move, we are redefining the luxury shopping ecosystem,”...

March 5, 2021
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Iris Scan Serves As Traveler ID At Dubai Airport

Iris Scan Serves As Traveler ID At Dubai Airport

Sections Passengers can now clear customs at by peering at contact-free iris scanners linked to the country’s extensive facial recognition database, the (AP) reported.The system allows for speedy trips through security at the futuristic airport, the AP reported, but it also comes at a time when observers around the world are expressing concern about the powers governments are amassing to , even in crowds, who in some cases are journalists or political activists rather than criminals or others who pose security threats.In the case of the United Arab Emirates, “there is no protection of civil...

March 8, 2021
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