In 2023, fraud rates in North America increased significantly, prompting Mastercard to take proactive measures to enhance consumer protection. Recognizing the power and potential of generative AI, Mastercard has adopted this innovative technology to strengthen the safeguards that keep the entire payments network secure. With the use of generative AI, Mastercard aims to revolutionize the speed, accuracy, and efficacy of
Elon Musk’s AI startup, xAI, is reportedly in discussions to raise up to $6 billion from global investors, signaling the company’s ambitious plans to advance the field of artificial intelligence. With this significant funding round, xAI aims to further develop and deploy cutting-edge AI technologies. The potential investment could potentially value xAI at a remarkable $20 billion, further solidifying its
In an exciting development for the automotive industry, open banking is set to revolutionize the way payments are made in major car dealerships across the UK and Europe. Volt, a leading open banking payment provider, has partnered with Bumper, a prominent automotive finance and technology company, to facilitate seamless and secure transactions. This collaboration comes at a time when the
Paystand, the pioneering feeless B2B blockchain-enabled payment platform, has announced the integration of its automated payment solution with Acumatica. With thousands of users across multiple industries benefitting from Acumatica’s cloud-based ERP platform, this partnership allows businesses to fully leverage digital finance and automation, streamlining their payment processes and improving operational efficiency. Benefits for Acumatica Users Acumatica users, spanning industries from
The digital landscape has transformed the way businesses operate, and with it, the need for efficient and secure payment solutions has become paramount. Recognizing these evolving needs, Conferma Pay, a leading provider of virtual card solutions, has recently entered into a partnership with ConnexPay, a pioneer in card issuing technology. This collaboration aims to revolutionize payment processes for businesses with
Payment technology firm Praxis Tech has recently introduced its innovative 3DS Cascading feature, aiming to revolutionize online payments by making them faster, more seamless, and user-friendly, all while maintaining the required Strong Customer Authentication (SCA) protocols. This groundbreaking feature builds upon Praxis’ Smart Routing technology, ensuring that each transaction follows the optimal payment route. By eliminating the need for customers
The digital payment industry has witnessed significant growth in recent years, with consumers and businesses alike embracing the convenience and efficiency of instant money transfers. Central to this industry are the functionalities of sending and receiving funds through digital payment networks. This article explores the complexities and advantages of offering send and receive capabilities, highlighting the importance of meeting the
In today’s volatile and ever-changing investment landscape, it is crucial for investors to navigate their way through risks and optimize potential returns. One solution that has proven effective is managing risk and maximizing returns through asset allocation funds. These funds allow investors to diversify their investment portfolio by investing in different funds belonging to various asset classes. In this article,
New York-based Insurtech platform Indemn has recently closed a significant pre-seed funding round, securing $1.9 million to fuel its ambitious plans for reshaping the insurance landscape. This funding round was led by venture capital firm Markd, with participation from prominent investors such as Afterwork Ventures, Everywhere Ventures, and a group of investors from Australia and the United States. Indemn, established
SigFig Wealth Management has established itself as a reputable investment adviser, providing financial solutions to individuals seeking to secure their financial futures. Registered with the U.S. Securities and Exchange Commission (SEC), SigFig operates under strict regulations to ensure transparency, professionalism, and fiduciary responsibility. This article takes a closer look at SigFig’s commitment to being a fiduciary, its investment philosophy and
In a surprising move, Vanguard, one of the world’s largest investment management companies, announced that it will not be offering exposure to Bitcoin exchange-traded funds (ETFs) to its clients. The decision has raised eyebrows in the industry and sparked discussions regarding the future of cryptocurrencies in traditional investment portfolios. Vanguard’s rationale for this bold move is rooted in its investment
Cap VC, a disruptive player in the venture capital industry, is shaking up the way funding is provided to disruptors. With their revolutionary platform, they are revolutionizing the relationship between venture capitalists (VCs) and the companies they invest in. By providing comprehensive insights, converting unstructured data into structured information, and building a robust ecosystem, Cap VC aims to empower VCs
