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,
In a major development, South Korean police have taken down a firm at the center of a suspected cryptocurrency scam. The company is alleged to have defrauded around 4,000 individuals, embezzling nearly $14 million in both fiat and cryptocurrency. With fraud charges being levied against those responsible, law enforcement authorities are making significant strides in combating cryptocurrency-related scams and protecting
Visa, the global payments giant, has recently introduced its AI Advisory Practice, with the goal of guiding clients in harnessing the transformative power of artificial intelligence. With over 30 years of expertise and billions of dollars invested, Visa offers access to its extensive knowledge in AI and a global network of consultants, data scientists, and product experts. This article explores
The European Council and European Parliament have reached a provisional agreement on the mandatory provision of instant credit transfers in euros and access to central bank payment rails by non-bank e-money institutions and stablecoin issuers. These new rules aim to improve the efficiency and competitiveness of the EU payments system while reducing reliance on third-country financial institutions. Let’s delve into
In the fast-paced world of banking, efficiency is crucial for success. The emergence of Robotic Process Automation (RPA) has revolutionized banking operations by automating repetitive tasks, streamlining processes, and improving overall efficiency. This article explores the various ways in which RPA is transforming the banking industry and enhancing operational productivity. The Significance of Efficiency in the Success of Banks Efficiency
Web3 tools powered by the Solana blockchain, a layer-1 blockchain, are proving to be game-changers in driving tangible returns and delivering deep customer data insights for businesses. With the increasing adoption of Solana-based tools and services, especially in payments and loyalty programs, it is evident that this blockchain is revolutionizing the way businesses interact with customers and enhance their bottom
In a strategic move to revolutionize the online payment experience in the travel industry, BR-DGE, a leading payment orchestration provider, has joined forces with Polani Travel, a distinguished e-commerce travel company. This partnership aims to integrate BR-DGE’s advanced payment orchestration technology into Polani Travel’s operations, paving the way for a seamless and enhanced online checkout process. Both companies are excited
Generative AI is revolutionizing the way content is created by utilizing complex algorithms and advanced learning models like GPT (Generative Pre-trained Transformers) to generate human-like content. In this article, we will explore the role of generative AI in content creation and its potential impact on fundraising. By leveraging AI-powered platforms, companies can conduct fundraising more efficiently, bridging gaps with investors
Operational resilience has become a top priority for payment systems and providers as the industry undergoes revolutionary changes. The ability to resist, adapt to, and recover from disruptions is crucial in ensuring the smooth functioning of payment systems. This article explores why operational resilience is vital in the payments industry and the challenges, benefits, and strategies associated with it. The
