Thursday, June 6th, 2019

Amazon Launches a New Fashion Discovery Feature
Amazon Blog Post

The technology company announced that it’s launching StyleSnap, a feature on the Amazon app that uses artificial intelligence and machine learning to let users search for and discover new fashion products.

The new feature enables users to upload pictures of fashion styles they’d like to learn more about and receive recommendations on similar styles available for sale on the Amazon marketplace.

BMW Group Teams up with Jaguar Land Rover to Develop Electric Vehicles
Company Press Release

The companies look to share expertise and technology in creating electric motors that don’t require rare earth materials.

The move plans to satisfy the demand in electric vehicles while also taking advantage of cost efficiencies in joint purchasing across the supply chain, and shortening the development time to market.

Visa Teams up with Western Union
Press Release

Visa announced that it has teamed up with the cross-border, cross-currency financial services provider to implement Visa Direct, the company’s real-time push payments platform.

According to a Visa press release, 85% of bank or wire transfers are conducted using cash and use “outdated, multi-step, costly methods” that can sometimes take days for money to arrive.

The move looks to modernize and speed up the process of sending money around the globe, as well as, bring more transparency to the process.