NEWS
Cognizant teams with Shopify and Google Cloud to transform enterprise retail
Cognizant has announced a strategic alliance with Shopify and Google Cloud to drive Digital Transformation and platform modernisation for global retailers and brands .
The alliance is focused on bringing together the power of Shopify ’ s leading commerce platform , Google Cloud ’ s core cloud infrastructure and client delivery of Cognizant ’ s retail industry advisory and technology implementation specialists .
The driving force behind this alliance is a need for retailers to modernise and implement new technologies to deliver customers real-time recommendations , shopping assistance and customised offers . This combined offering aims to drive modernisation for retailers that unlocks the business value of technologies like Generative AI .
The joint offering will help enterprise retailers facing challenges personalising customer experiences , scaling their operations globally and modernising their commerce platforms . By utilising Shopify ’ s commerce operating system , built on Google Cloud , along with the expansive suite of Google Cloud offerings , brands will have the foundational technology needed for Cognizant to execute impactful Digital Transformation and deliver benefits across a range of retail scenarios .
“ We ’ re excited to align with Shopify and Google Cloud to transform the commerce experience for retail businesses by offering a pathway to Generative AI-powered platform , technology and cloud modernisation in one place ,” said Sushant Warikoo , SVP and Head of Cognizant ’ s Retail Business Unit .
N26 welcomes BaFin ’ s lift of its growth restriction
The company expects to reach monthly profitability in the second half of 2024 .
N26 , a Europe-based leading digital bank , welcomes the latest decision from the Federal Financial Supervisory Authority ( BaFin ), which will see the complete lift of the growth restriction for N26 from June 1 , 2024 . To date , the company has been able to take on up to 60,000 new customers per month . This restriction ceases from the month of June .
The Federal Financial Supervisory Authority has fully lifted N26 ’ s growth restriction effective from June 1 , 2024 . N26 ’ s close exchange with the regulator and the associated investments in its teams and infrastructure have enabled it to take a pioneering role in the fight against financial crime and money laundering as it looks to the future .
The news follows a period of close exchange between N26 and the regulator to combat financial crime and money laundering , which will continue even after the growth restriction ends . In addition , the exchange with the special representative will continue until the end of 2024 .
Valentin Stalf , CEO of N26 , said : “ We are pleased about the trust of our regulators and will continue our close exchange in the future . In recent years , we have been able to make significant progress in preventing and combating money laundering and financial crime .” www . intelligentfin . tech
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