Stripe is making another acquisition to expand the services it offers alongside its core payments product. The company is acquiring Recko, which has built a platform that lets businesses track and automate payments reconciliation. Recko is based out of Bangalore, India, and significantly this will be Stripe’s first acquisition in the country.
Boxed, an e-commerce grocery platform which sells bulk consumables and licenses its e-commerce software to enterprise retailers, announced a partnership with 786 Holdings Limited to deliver e-commerce software and services technology to the Middle East and North Africa. The partnership is expected to initially launch in the Kingdom of Saudi Arabia and subsequently in the UAE, Egypt, Oman, Qatar, Bahrain, Turkey and Kuwait.
Cloud database Snowflake has launched the Media Data Cloud, a collection of advertising and customer data-related services that include first party identity resolution from Experian, data clean room from Habu, AI-based insights from DataRobot, privacy solutions from LTI, and Unified IS 2.0 and data activation from The Trade Desk. What’s special is these can all execute within Snowflake. Previously, users would have needed to export the data from Snowflake, process it, and re-import the results.
Digital advertising platform PubMatic’s new partnership with GroupM, WPP’s media investment group, will enable the delivery of AI-powered cohort modeling to advertisers. Using a distributed AI model developed by Resolve, the collaboration aims to generate privacy-compliant audience segments across multiple publishers simultaneously. Not only does the targeting not rely on third party cookies, it also eradicates the need for user data to be moved or shared during the ad buying process.