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Cognizant Teams with Shopify and Google Cloud To Transform Enterprise Retail
Alliance combines the strength of Shopify’s leading commerce platform with Google Cloud’s leading AI-infrastructure and delivery by Cognizant’s retail technology experts
TEANECK, N.J., April 9, 2024 /PRNewswire/ — Cognizant announced a strategic alliance with Shopify and Google Cloud to drive digital transformation and platform modernization 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 modernize and implement new technologies to deliver customers real-time recommendations, shopping assistance and customized offers. This combined offering aims to drive modernization for retailers that unlocks the business value of technologies like generative AI.
The joint offering will help enterprise retailers facing challenges personalizing customer experiences, scaling their operations globally and modernizing their commerce platforms. By utilizing 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 modernization in one place,” said Sushant Warikoo, SVP and head of Cognizant’s retail business unit. “Our goal is to unlock a set of commerce capabilities for retail businesses of all sizes and address future focused trends important to retailers and customers alike, including seamless, hyper-tailored customer journeys, personal AI shopping assistants, fraud mitigation, sustainability and more.”
“Shopify and Google Cloud have a long and established relationship. Together we specialize in bringing to market leading commerce solutions that help enterprises modernize, scale and innovate at speed,” said Ritu Khanna, VP, Partnerships, Shopify. “Now, with Cognizant as a delivery partner, we can unlock the transformation enterprises need to drive growth.”
“Consumer expectations are changing more rapidly as Generative AI evolves the nature of digital experiences,” said Carrie Tharp, VP of strategic industries, Google Cloud. “This new offering can help retailers more quickly and easily modernize their ecommerce experience on the world’s leading retail commerce platform with the latest AI and digital innovations.”
To learn more about Cognizant’s retail industry offerings, visit here, Shopify, visit here and Google Cloud, visit here.
About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.
For more information, contact:
U.S. Name Ben Gorelick Email [email protected] |
Europe / APAC Name Christina Schneider Email [email protected] |
India Name Rashmi Vasisht Email [email protected] |
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French fintech Lydia launches digital banking app Sumeria
Lydia, a prominent French fintech company known for its innovative financial solutions, has taken a significant leap forward with the launch of its new digital banking app, Sumeria. This development marks a strategic expansion for Lydia as it continues to redefine the financial landscape in Europe and beyond.
About Lydia
Since its inception, Lydia has been at the forefront of fintech innovation in France, providing users with seamless and user-friendly payment solutions. The company has built a strong reputation for its mobile payment app, which allows users to send and receive money, pay for goods and services, and manage their finances with ease. With millions of users and a robust platform, Lydia is well-positioned to venture into the digital banking space.
Introducing Sumeria
Sumeria is Lydia’s latest offering, designed to cater to the growing demand for comprehensive digital banking solutions. The app aims to provide users with a full suite of banking services, all accessible from their smartphones. Key features of Sumeria include:
- Personal and Business Accounts: Sumeria offers both personal and business accounts, enabling users to manage their finances efficiently. The app supports a range of functionalities tailored to meet the needs of individual users and small to medium-sized enterprises (SMEs).
- Intuitive Interface: True to Lydia’s commitment to user experience, Sumeria boasts an intuitive and easy-to-navigate interface. Users can quickly access account information, transaction history, and various banking services with just a few taps.
- Comprehensive Financial Tools: Sumeria provides a range of financial tools designed to help users better manage their money. Features such as budgeting, expense tracking, and personalized financial insights empower users to make informed financial decisions.
- Security and Privacy: Lydia places a high priority on security, and Sumeria is no exception. The app incorporates advanced security measures, including biometric authentication and end-to-end encryption, to ensure that users’ financial data is protected.
- Integrated Payments: Leveraging Lydia’s expertise in payments, Sumeria integrates seamless payment solutions, allowing users to send and receive money instantly, pay bills, and make purchases directly from the app.
Strategic Implications
The launch of Sumeria represents a strategic move for Lydia, positioning the company as a formidable player in the digital banking arena. By expanding its product offering, Lydia aims to capture a larger share of the market and meet the evolving needs of its users. This initiative also reflects a broader trend in the fintech industry, where traditional payment service providers are evolving into comprehensive financial service platforms.
Market Impact
Sumeria’s entry into the market is poised to have a significant impact. With its user-centric design and robust feature set, the app is likely to attract a diverse user base, from tech-savvy millennials to SMEs seeking efficient banking solutions. Moreover, Sumeria’s integration with Lydia’s existing payment infrastructure provides a seamless transition for current Lydia users, further boosting its adoption.
Future Prospects
Looking ahead, Lydia plans to continually enhance Sumeria by adding new features and expanding its services. The company’s focus on innovation and customer satisfaction will be key drivers of Sumeria’s growth. Additionally, Lydia’s potential to scale Sumeria across other European markets presents a substantial opportunity for further expansion.
Source: fintechfutures.com
The post French fintech Lydia launches digital banking app Sumeria appeared first on HIPTHER Alerts.
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