“Monetate, a Conshohocken-based company whose software personalizes online shopping for customers, announced Thursday that it is being acquired by Kibo, a Dallas-based rival. Kibo, which employs about 265 people, provides cloud-based software for online commerce. In February, it acquired Certona, a recommendation engine that also uses AI to streamline e-commerce sales. Kibo’s client base includes…
Tag: AI eCommerce
Miva, Inc. Partners with Kount, Inc. to Protect Online Sellers from Fraud
“Miva, Inc., eCommerce software and service provider for mid-size and enterprise merchants for 21 years, and Kount, Inc., the leader in digital fraud protection, today announced that they have partnered to integrate Kount’s comprehensive, AI-driven fraud prevention solution into the Miva eCommerce platform. Features include: 1. Immediate notification of fraud likelihood per transaction 2. Automatic…
Dubai’s BulkWhiz raises multi-million Series A for its AI-driven bulk grocery ecommerce platform
“Founded in late 2016 (launched in 2017) by Amira Rashad who previously worked for Facebook and Yahoo (from their offices in Dubai) and Yusuf Saber who was the Data Science Lead at Careem, BulkWhiz enables consumers and small businesses buy groceries and household products in bulk through its mobile apps or web-based platform.” https://www.google.com/amp/s/www.menabytes.com/bulkwhiz-series-a/amp/
3 eCommerce Brands That Nail Hyper-Personalization
“Hyper-personalisation is a marketing tactic which leverages artificial intelligence (AI) and third-party real-time data sources to enhance brand messaging with relevant, context-sensitive information. For example, an email may be personalised with the customer’s name, but it could then be hyper-personalised by dynamically changing its content depending on the receiver’s past purchase history, physical location or…
Coming soon: Netflix-style nudges that reward retail bank customers
“Banks are exploiting artificial intelligence to target individuals with products and third-party rewards based on their specific needs and tastes, In July, Germany’s N26, a digital bank, relaunched its premium account to focus more on personalisation, and now includes discounts with third parties such as flexible workspace provider WeWork” https://www.ft.com/content/15a5126e-b907-11e9-8a88-aa6628ac896c