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
Governance bodies in Europe have recently reached a consensus on new rules aimed at increasing the availability of instant payment services for customers and businesses across the continent. These rules, agreed upon by the European Council and the European Parliament, will enable banks, payment service providers (PSPs), e-money institutions (EMIs), and payment institutions (PIs) to offer instant payments alongside standard
Technology veterans with experience at Stripe and Square have garnered significant attention and secured $3.1 million in funding for their innovative AI-powered wealth management platform. This new platform, called Era, aims to bridge the gap between financial access and ambition by utilizing artificial intelligence to personalize wealth management advice and streamline financial tasks. Era’s AI-powered wealth management approach Era distinguishes
Composable commerce platform, commercetools, has recently announced an exciting collaboration with PayPal aimed at offering a wider range of payment options for customers. This strategic integration with PayPal’s Braintree payment platform will provide commercetools’ customers with seamless access to multiple payment providers, acquirers, and banks. With a focus on delivering frictionless experiences for consumers and backend developers, this partnership aims
In the ever-evolving world of startup investment, Modus Capital has emerged as a prominent player with a unique dual mandate. Committed to supporting early-stage startups for as long as necessary, Modus Capital combines a long-term perspective with a keen eye for companies that have already gained some traction in the market. This article dives deeper into Modus Capital’s investment strategy,
