Madrid-based firm Lynx has successfully raised $18 million in Series A funding aimed at bolstering its capabilities in detecting and preventing fraud and financial crimes through the use of advanced artificial intelligence (AI) technology. This funding round marks a significant milestone for the company as it aims to enhance its fraud prevention and anti-money laundering (AML) platform, expand globally, and
FusionIQ, a prominent cloud-based wealth management solutions provider, has recently announced a strategic relationship with Compliance-as-a-Service supplier North Star Consultants in Canada. This partnership aims to enhance market-wide financial services compliance and accelerate digital transformation in the Canadian banking industry. Objectives of the Partnership The primary goals of this partnership are twofold. First, the collaboration seeks to improve the overall
In a strategic move aimed at transforming the payment landscape in the hospitality industry, Payabl., one of Europe’s leading PayTech companies, has announced its partnership with GonnaOrder, a global online ordering platform specializing in the hospitality sector. This collaboration marks a significant milestone as Payabl. extends its cutting-edge payment services to GonnaOrder while simultaneously offering GonnaOrder’s extensive network of merchants
Mastercard, a global leader in payment solutions, has joined forces with NEC Corporation, a renowned technology provider, to drive the adoption of facial recognition technology for in-store payments across the Asia Pacific region. This collaboration aims to combine NEC’s cutting-edge face recognition and liveness verification technology with Mastercard’s expertise in payment enablement and user experience, shaping the future of secure
Irish banks have made the difficult decision to abandon their plans of launching a mobile payments app as they faced regulatory holdups and a rapidly changing payments landscape. The app, named Yippay, was being developed by Synch on behalf of AIB, Bank of Ireland, and Permanent TSB, with the aim of competing against popular fintech companies like Revolut. Goals of
Adani Enterprises, the flagship company of billionaire Gautam Adani, is set to make a significant investment in its data center business. With plans to spend around $1.5 billion over the next three years, Adani Enterprises aims to bolster its position in the rapidly growing data center market. Annual capital expenditure The annual capital expenditure for Adani Enterprises’ data center business
In today’s fast-paced digital world, Alternative Payment Methods (APMs) have gained significant traction, allowing consumers to make purchases conveniently and securely. Recognizing the importance of catering to evolving consumer preferences, Nuvei Corporation, a Canadian FinTech company, has introduced direct connectivity to BLIK, Poland’s prominent mobile payment method. This strategic move aims to enhance the eCommerce landscape by offering seamless and
Embedded banking, the integration of banking services into the offerings of non-financial businesses, is set to take off in Europe over the next three years. Despite only seven percent of large European companies currently offering such services, a recent study suggests that 48 percent of these businesses plan to adopt embedded banking technology. This article explores the growth of embedded
The economic situation for millennials in the UK continues to be a cause for concern. Despite being a generation known for their ambition and drive, their earning potential and disposable income are no better than those of the previous generation at the same age. This lack of progress highlights the urgent need to restart meaningful growth in the UK economy.
In the ever-evolving world of e-commerce, payment gateways play a pivotal role in facilitating secure and efficient online transactions. Acting as a bridge between customers, merchants, and financial institutions, these technological marvels enable the seamless transfer of funds while ensuring the safety of customer data. In this article, we will delve into the definition and process of payment gateways, explore
As millennials in the UK and the US continue to navigate the complex and ever-evolving economic landscape, it has become increasingly evident that the younger generation is facing significant hurdles in achieving financial stability and prosperity. While the situation for millennials in both countries may not be entirely identical, a comparison reveals a stark disparity in economic outcomes. This article
NatWest, a leading UK bank, has partnered with IBM to leverage the power of generative artificial intelligence (AI) in their chatbot, Cora. This collaboration aims to further enhance the functionality of Cora, now known as Cora+, providing an improved client experience and simplifying the development of virtual assistants in the future. Previous collaboration between IBM and NatWest IBM and NatWest
