Latest news with #Novi
Finextra
05-08-2025
- Business
- Finextra
Remitly launches wallet for cross-border stablecoin payments
At Remitly, we believe everyone deserves the freedom to access, move, and manage their money wherever life takes them. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Hundreds of millions of people navigate life between countries as they pursue job opportunities abroad, support loved ones, attend school, or run global businesses. Yet in many parts of the world, sending money across borders remains slow, costly, and fragmented. Stablecoins – digital tokens pegged to fiat currencies such as the U.S. dollar – offer a powerful opportunity to modernize cross-border money movement. With their potential for fast settlement, greater reliability, and broader access, stablecoins are particularly compelling in markets where financial infrastructure is limited or currency volatility is high. Remitly recognized this potential early. In 2021, Remitly became one of the first digital remittance companies to support fiat off-ramps for crypto platforms like Novi (a Meta Platforms company) and Coinbase. Our global payout network and compliance and licensing infrastructure enabled wallet providers to convert digital assets into local currency, bridging the gap between Web3 innovation and the real-world needs of remittance customers. Today, with increased regulatory clarity and maturing stablecoin ecosystems, we're scaling stablecoin applications across three core areas of our business related to how we manage, store, and move value globally. Introducing Remitly Wallet We know from listening to our customers that their needs are evolving. Many of our customers, senders and recipients alike, are seeking greater stability for the money they earn and send. Many want the ability to be paid and hold value in a stable currency like USD or dollar-backed stablecoins, while others are looking for better ways to preserve value amid local currency fluctuations. This need spans freelancers, small business owners, and everyday families who rely on remittances. To further support these capabilities, we're introducing Remitly Wallet, our secure, multi-currency store of value for both fiat currencies and stablecoins. Fully integrated into the Remitly platform, the wallet will offer a safe, flexible way to hold and use funds across borders in one centralized, trusted environment. This is especially beneficial for customers in economies experiencing high or unpredictable inflation. We are currently beta testing and plan to launch this offering in September. Adding Stablecoin to our Network with Bridge Just as we're giving customers greater flexibility in how they store value, we're also expanding how they receive it. This September, we're adding stablecoin rails to our global disbursement network through a new partnership with Bridge, a Stripe company. This partnership will give customers in select markets the option to receive stablecoins into a wallet of their choice, seamlessly routed from our established fiat infrastructure. One of Remitly's core strengths is our scaled, trusted fiat network, which enables instant cross-border transfers to millions of customers and their recipients across +170 countries, including bank accounts, mobile wallets, and cash pickup. By integrating Bridge's stablecoin-based rails onto this foundation, we're enhancing both the flexibility and reach of our platform. Improving Global Liquidity Remitly has historically used AI-powered financial forecasting to predict currency demands and pre-funding fiat currencies in recipient countries. This forecasting enables fast, reliable transfers for our customers but ties up working capital. To address this, we've integrated tokenized U.S. dollar stablecoins like USDC into our internal treasury operations. This allows us to move value in real time – 24/7 across time zones and weekends and respond quickly to shifting customer demand, especially in dynamic or volatile markets. Reimagining What's Possible for Cross-Border Payments We're excited about the opportunity for stablecoins to accelerate innovation across our platform. When applied thoughtfully, they can enhance the speed, reliability, and value of our services by furthering the innovation in our already differentiated and scaled cross-border network and experiences—especially in regions where customers face systemic barriers to accessing and managing their money. As adoption accelerates and the technology matures, we'll continue expanding stablecoin applications across our business. From treasury to payout to stored value, we see long-term potential to deepen customer trust and financial access. We're just getting started!
Fast Company
21-07-2025
- Business
- Fast Company
5 ways retailers break trust—and how data can fix it
When I became a first-time mom, my perspective on the products my family used changed completely. As a data scientist, I naturally dive deep into the details; now I was suddenly applying this rigor to ingredient and product information, turning every label into an obsessive data research project. This journey opened my eyes to a startling reality: Not all products are created equal, and there's a profound gap between the trust we place in brands and the reality of what's inside their products. My personal experience mirrors a crisis facing the entire retail industry. Widespread misleading claims have eroded consumer trust, with skepticism reaching an all-time high. According to Novi's data, up to 50% of products feature a false claim; and a staggering number of consumers would stop buying from a brand completely if they discovered one. This crisis of confidence, however, presents an opportunity to build a new infrastructure for commerce itself. One where the burden of proof shifts from the consumer to the retailer, and verifiable truth becomes a brand's most valuable asset. By addressing the key ways they are breaking trust, retailers can fix the cracks in the system, rebuild consumer confidence, and unlock substantial avenues for growth. Here are five of the most common ways I see brands and retailers breaking consumer trust, and how to rebuild it. 1. They allow misleading and unsubstantiated claims The proliferation of false or unsubstantiated claims by brands has become a significant issue. Terms like 'net zero,' 'vegan,' or 'nontoxic' are often used inaccurately. In the U.S., a comparative lack of stringent regulation has allowed this to become rampant. By allowing these products on their shelves, retailers effectively endorse these unverified claims, damaging their own credibility and forcing consumers to become skeptics to protect their families. Retailers can remedy this by implementing robust, automated verification systems. Since regulation is lacking, the burden of proof is now on the retailer. Technology can transform this challenge into a competitive advantage by efficiently identifying and promoting products with verified attributes. My company Novi provides a platform that enables retailers like Sephora, Ulta, and Target to credibly verify claims, in some cases leading to sales increases of up to 15% in their values-based programs. 2. They rely on brand storytelling instead of proof Pioneering brands like Patagonia and Seventh Generation built trust through compelling narratives and a direct connection with consumers. But as values-based shopping has gone mainstream, consumers are no longer satisfied with a good story; they demand third-party validation. Brands that fail to adapt to this shift from storytelling to verification risk being left behind. Data analytics can clearly illustrate the tangible business benefits of robust values-based programs, incentivizing brands to invest in verification. For instance, Amazon reported a 10% increase in page views and a 12% rise in sales for products featuring values-based badges. Products with multiple verified claims grew almost three times more quickly than other products. Presenting this data-backed ROI is vital for encouraging brand participation. 3. They present inconsistent information across channels Brands sometimes present conflicting information across different retailers. A product might qualify for Ulta's Conscious Beauty program but fail to meet the standards for Sephora Clean, for example. Since modern consumers research and shop across multiple platforms, these inconsistencies undermine brand authenticity and consumer trust. Values-based initiatives are, at their core, data projects. Retailers must integrate technology from the outset to manage and disseminate this data across all consumer touchpoints. This requires IT teams to adeptly use data to inform every stage of the customer journey, from initial product search to final validation, ensuring a consistent and trustworthy omnichannel experience. 4. They guess which values matter to their customers Without data, retailers often take a generic approach to their values-based programs, failing to connect with what truly motivates their specific customers, who often have a diverse set of needs. This leads to underperforming programs that don't resonate. Retailers must go the extra mile to understand their audience deeply. Analyzing consumer search patterns and filter usage can reveal which values are most important and use these insights to shape your strategy. Data also reveals that different values matter in different categories; ingredient transparency is often most important in beauty, while sustainable packaging may be more critical in household goods. 5. They fail to make information accessible At the heart of the trust issue is a lack of transparency. When information about how a product was made is hard to find or difficult to understand, shoppers become more skeptical of all claims. This information asymmetry puts the consumer at a disadvantage and breeds distrust. The fundamental solution lies in making information about how a product was made transparent and easily accessible for shoppers. This democratization of data empowers both consumers and brands to make more informed and better decisions, ultimately building trust. When retailers consistently deliver products with verified claims, they foster deeper customer engagement, see improved sales conversion rates, and cultivate stronger brand loyalty. By shifting from ambiguous claims to a foundation of verifiable data, retailers will not only rebuild consumer trust, but also unlock new, sustainable streams of revenue. The retailers and brands that thrive will be those who recognize that their greatest product is not what they sell, but the trust they can prove.
Yahoo
09-07-2025
- Automotive
- Yahoo
Gentherm Announces Date for 2025 Second Quarter News Release and Conference Call
NOVI, Mich., July 09, 2025 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), a global market leader of innovative thermal management and pneumatic comfort technologies, will report its financial results for the second quarter 2025 on Thursday, July 24, 2025, and will host a conference call to discuss those results at 8 am (ET) that same day. Conference CallToll-free dial-in number: 1-877-407-4018International dial-in number: 1-201-689-8471Conference ID number: 13754880 WebcastA live webcast and one-year archived replay of the call can be accessed on the Events page of the Investor Relations section of Gentherm's website at A telephonic replay will be available approximately two hours after the call by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 13754880. The replay will be available until 11:59 p.m. (ET) on August 7, 2025. Investor Contact Gregory Blanchetteinvestors@ 248.308.1702 Media Contact Melissa Fischer media@ 248.289.9702 About Gentherm Gentherm (NASDAQ: THRM) is a global market leader of innovative thermal management and pneumatic comfort technologies. Automotive products include Climate Control Seats (CCS®), Climate Control Interiors (CCI™), Lumbar and Massage Comfort Solutions, and Valve Systems. Medical products include patient temperature management systems. The Company is also developing a number of new technologies and products that will help enable improvements to existing products and to create new product applications for existing and new markets. Gentherm has more than 14,000 employees in facilities across 13 countries. In 2024, the company recorded annual sales of approximately $1.5 billion and secured $2.4 billion in automotive new business awards. For more information, go to in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
25-06-2025
- Business
- Miami Herald
Novi Labs Raises $35 Million From Invictus Growth Partners to Accelerate AI-First Energy Analytics
The capital will drive market expansion, fuel product innovation, and enable acquisitions to help energy producers power the AI-driven future. AUSTIN, TX / ACCESS Newswire / June 25, 2025 / Novi Labs ("Novi"), the AI-first energy analytics platform transforming investment decisions across the energy sector, today announced a $35 million investment from Invictus Growth Partners ("Invictus"), a private equity firm focused on backing category-defining companies leveraging artificial intelligence in high-impact industries. Over $50 billion in annual capital allocation decisions from leading energy institutions and investors flow through Novi's analytics platform, establishing AI-powered analytics as the new standard for institutional energy investment. The funding will accelerate Novi's product roadmap, support go-to-market expansion, and enable targeted acquisitions, solidifying Novi's role as the core intelligence platform for upstream energy investment. "This investment marks a defining inflection point in our mission to transform how energy development and capital allocation decisions are made". said Scott Sherwood, CEO of Novi Labs. "We're moving the industry beyond intuition-based legacy workflows to a future defined by AI and proprietary data. That shift is becoming even more urgent as the rapid buildout of data centers to power AI drives unprecedented energy demand. Novi is uniquely positioned at the center of this transformation, delivering the intelligence platform energy producers rely on to guide billions in capital decisions." Powering the Paradigm Shift in Energy Analytics Traditional tools are falling short in a sector defined by volatility, scale, and operational complexity. Today's energy producers, investors, and private equity firms require faster, more accurate, and more transparent insights to inform critical decisions. Novi Labs delivers the only energy analytics platform built natively in the cloud and architected from day one for AI. The platform combines advanced machine learning, exclusive proprietary datasets, and deep reservoir science to produce decision-grade forecasts, enabling smarter capital deployment, optimized well design, and measurable performance gains. "As AI drives exponential energy consumption, Novi's platform enables energy producers to scale efficiently and strategically meet that demand," said John DeLoche, Managing Partner at Invictus. "With a foundation of deep domain knowledge, proprietary datasets, and scientific precision, Novi is reshaping capital allocation in the energy sector. We believe they have built what will become the standard operating system for energy investment, and we are honored to partner with Scott and the entire Novi team." Fueling Scale Through Four Strategic Pillars The $35 million investment will be deployed across four high-impact initiatives designed to accelerate Novi's growth and category leadership: AI-First Product Development: Expanding Novi's platform to unlock new predictive modeling, analytics, and investment intelligence Execution: Scaling commercialization efforts across strategic geographies, verticals, and customer Infrastructure: Investing in infrastructure, systems, and talent to support enterprise-grade performance and exponential M&A: With fresh capital and strategic backing, Novi is poised to absorb complementary technology, research, and data players, unlocking new synergies and accelerating innovation. From Disruption to Domination As the energy sector faces rising volatility, surging AI-driven demand, and capital constraints across oil & gas, power generation, and renewable energy markets, Novi is uniquely positioned to lead the next era of energy investment intelligence: AI That Understands Energy: Domain-specific models trained on proprietary data, not retrofitted to legacy Data Others Can't Get: Exclusive proprietary datasets and advanced research methodologies create defensible data That Shows the Receipts: Proprietary data powers data-driven research that delivers both insights and downloadable underlying datasets to clients, replacing industry guesswork with verifiable intelligence. About Novi Labs Novi Labs is the leading AI-first energy analytics platform redefining how energy operators and investors make high-stakes capital decisions. Built on proprietary machine learning, exclusive datasets, and deep reservoir expertise, Novi delivers the industry's most accurate well-level forecasts and development insights. Many leading E&P operators and mineral owners rely on Novi, with billions in monthly capital decisions flowing through the platform. Novi is headquartered in Austin, About Invictus Growth Partners Invictus Growth Partners is a buyout and growth equity firm that invests in outstanding, bootstrapped, capital-efficient, automation-enabled cloud software, cybersecurity, and fintech companies. The firm is dedicated to supporting companies seeking capital and strategic resources to accelerate their SOURCE: Novi Labs press release
Yahoo
22-06-2025
- Sport
- Yahoo
Michigan State Football Eyes Class of 2026 and 2027 Brothers Samson and Gideon Gash To Recruit
Michigan State Football Eyes Class of 2026 and 2027 Brothers Samson and Gideon Gash To Recruit originally appeared on Athlon Sports. Michigan State football has rallied together an ever-growing group of class of 2026 recruits. Now with coaches being legally allowed to contact student-athletes from the class of 2027, head coach Jonathan Smith hasn't stepped off the gas. Advertisement Two brothers in particular, from the class of 2026 and class of 2027, have been on Smith's radar. Michigan State head coach Jonathan King/Lansing State Journal/USA TODAY NETWORK Samson Gash, a three-star wide receiver out of Novi, Mich., is one of the Spartans' top remaining targets from the class of 2026. He's the No. 908 overall recruit, No. 141 overall wide receiver, and No. 14 pick out of Michigan. Samson is also the highest-rated wide receiver from his state. His decision will be announced very soon as he told Justin Thind, "We should see a decision in the next day or so." Michigan State is one of three schools likely to land the wide receiver. Cincinnati and West Virginia are the other two colleges Samson scheduled visits with. His final official visit set is with the Bearcats on June 20, but he praised the Spartans after his June 13 visit. As he nears a decision, it's possible that Samson cancels his final visit, especially given home-state ties. Advertisement Smith isn't stopping with the eldest Gash brother. Class of 2027 recruit and younger brother Gideon Gash is a four-star cornerback. He's currently ranked No. 327 overall, No. 35 among cornerbacks, and No. 8 out of Michigan. Including Michigan State, Gideon has received 11 offers and announced his Spartans offer on X. While Michigan State is the sixth Big 10 offer Gideon received so far, things may be looking up for the Spartans if his older brother decides on East Lansing. As for Samson's decision, there is currently only one wide receiver on Smith's commitment list so far. So aside from the home-state advantage for Michigan State, there's room to complete a potential three-star duo with Samson and recent commit Zachary Washington. Advertisement Related: Former Michigan State Head Coach Makes CBS Sports' Top 25 Hires of the Century Related: Michigan State's Aidan Chiles Is Left off Josh Pate's Big Ten Top 10 Quarterback List This story was originally reported by Athlon Sports on Jun 18, 2025, where it first appeared.
