As we move towards a more digitally enabled world, it’s not just the way we communicate or gather information that’s changing; the way we pay for goods and services is also evolving. Digital payments have become the new norm, replacing traditional methods such as cash or card payments. They offer a faster, more convenient, and secure way to manage transactions.
Advancements in technology have brought about the use of artificial intelligence (AI) in various industries, including banking. One of its most notable applications is the use of AI-powered chatbots to engage with customers. While chatbots can provide convenience and efficiency, they also come with challenges. In recent years, the Consumer Financial Protection Bureau (CFPB) has been monitoring the increasing use
The Consumer Financial Protection Bureau (CFPB) has been monitoring banks’ increasing use of AI-powered chatbots amid a surge of complaints from frustrated customers. While chatbots can offer a fast and efficient way for financial institutions to interact with customers, they can also lead to customer frustration, reduced trust, and even violations of the law. In this article, we will explore
BNY Mellon’s Pershing X, the technology solution provider for broker-dealers and registered investment advisors, has launched a new wealth management platform called Wove. The groundbreaking platform integrates multiple technology tools and enhances productivity and efficiency for advisors, enabling them to serve more clients and customize investment solutions. The Wove platform features advanced data reporting, financial plan building, flexible billing, and
Cryptocurrencies have been making waves in the investment world, and for good reason. The crypto market offers numerous opportunities for investors looking to diversify their portfolios and potentially strike it rich. Here are three cryptocurrencies priced under $2 that have the potential to create incredible wealth for investors: Shiba Inu (SHIB), RenQ Finance (RENQ), and Polygon (MATIC). Shiba Inu –
Cryptocurrencies have recently become a popular investment option for many people around the world. As the demand for digital assets has grown, so have the opportunities for passive income. Passive income is income earned without actively engaging in activities that generate it. With cryptocurrencies, there are now numerous ways to earn passive income without the need to constantly trade or
EML Payments Limited, a leading payment solutions provider, has partnered with Visa to offer private label digital gift cards in the US and Canada. This collaboration introduces a convenient digital gift card solution that enables customers to purchase and instantly deliver gift cards online while enjoying a safe and seamless experience. Background on EML Payments Limited and Visa EML Payments
Mollie, a leading payments company based in the Netherlands, has announced the launch of its new in-person payments solution, Mollie Terminal. The product will roll out across Belgium, Germany, and the Netherlands first, with plans to expand to other European markets later this year. The launch of Mollie Terminal is an important milestone for the company and a critical part
Plenty, an innovative wealth-building platform, recently announced that it has raised $2.75 million in pre-seed capital to provide more accessible wealth-building opportunities for dual-career millennial couples who are navigating various life events. The round includes contributions from several VC firms, as well as some notable angel investors, such as Kevin Durant, Rich Kleiman’s 35V, former Wealthfront CEO Adam Nash, ex-Stripe
Checkout.com, a prominent global payments provider, has announced that it has been granted a Retail Payment Services (RPS) license from the Central Bank of the United Arab Emirates (UAE). This achievement marks a significant milestone for the company as it becomes the first global payments provider to obtain an acquiring license in the country. The license enables Checkout.com to unlock
The wealth management industry is undergoing a period of unprecedented change, fueled by the rise of wealthtech, which refers to the use of technology to modernize and streamline financial management processes. Wealthtech firms are revolutionizing the way investors manage their money and helping advisors stay competitive in a rapidly evolving landscape. In this article, we will explore the impact of
In the world of cryptocurrency investments, on-ramping – the process of transferring fiat currency to digital assets – is a critical factor in determining the success and ease of trading for retail investors. Yield App, a digital wealth management platform that allows users to invest in cryptocurrencies easily and securely, is well aware of this fact. As a result, the
