Afternoon Coffee: US-EU Trade Deal Still Alive, SAP Ariba Announces Plans for Procurement Bot

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Despite public opposition from both sides of the Atlantic, a temporarily tabled US-EU trade deal is still alive, a US diplomat said earlier this week. The Transatlantic Trade and Investment Partnership (TTIP) is not, according to the official, in the same category for automatic rejection as was the Trans-Pacific Partnership (TPP), which the new administration withdrew from earlier this year.

Bot Coming to SAP Ariba

SAP Ariba unveiled plans at its LIVE conference Wednesday for an “enterprise digital procurement bot powered by artificial intelligence,” according to a press release. The intelligent digital assistant can interact with the users naturally wherever they are, from web applications or any communication channel.

“Intelligent bots are facilitating a whole new paradigm of interactions that allow people to be more efficient and smarter in what they do,” said Dinesh Shahane, chief technology officer at SAP Ariba. “We are investing in these types of applications and technologies such as artificial intelligence and machine learning to deliver a next-generation user experience for our customers that promises to transform procurement as we know it.”

Accenture Acquisition

Accenture has acquired payments consulting and advisory firm First Annapolis Consulting, according to a press release. The addition of First Annapolis will complement Accenture’s consulting and digital capabilities in the payments sector.

“The pace of innovation in the payments sector is accelerating with new platforms and tools being launched daily; and emerging technologies such as blockchain, mobile wallets, and P2P payments disrupting traditional financial services and technology providers,” said Alan McIntyre, senior managing director and head of Accenture’s Banking practice. “As payments increasingly move from plastic to digital, players across the industry value chain will need to rethink their value propositions and business models.

Dollar Falls

And finally, forex news: The dollar fell to its lowest level in more than four months Tuesday, the Wall Street Journal reports. A surge in European currencies and doubts over U.S. fiscal policy led the drop.

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