The rise of embedded finance continues to reshape the financial industry, with financial institutions seeking innovative ways to reach customers through partnerships with diverse businesses. Weavr, a leading technology provider, is at the forefront of this revolution, launching their Embedded Finance Cloud platform. This powerful platform provides banks and financial institutions with the tools they need to create and distribute
In an effort to help financial institutions (FIs) stay competitive in the rapidly evolving landscape of lending, PortX has announced its partnership with MeridianLink, a leading provider of digital lending and account opening solutions. This collaboration aims to deliver faster and more innovative lending capabilities to FIs, enabling them to provide personalized experiences and forge stronger relationships with their customers.
The Monetary Authority of Singapore (MAS) recently published a whitepaper proposing a common protocol for the use of digital money. The whitepaper, developed in collaboration with the International Monetary Fund, Banca d’Italia, Bank of Korea, financial institutions, and FinTech firms, aims to specify conditions for the use of digital money, such as central bank digital currencies (CBDCs), tokenized bank deposits,
As the financial advice market faces increased challenges in meeting consumer needs, the AI fintech company Aveni has released a new AI assistant called “Aveni Assist”, powered by GPT. The aim is to enhance the productivity of wealth and financial advisers by up to three times, which assists in supporting greater numbers of consumers while ensuring reliability and accuracy. Aveni
Artificial intelligence (AI) has transformed various industries over the years, and the financial sector is no exception. AI has revolutionized the way customers interact with their financial service providers through chatbots, personalization, and fraud prevention. However, despite AI’s advancements, consumers still have reservations about its adoption in the payment process. Consumer reservations about AI in payments According to a study
Cryptocurrencies have taken the world by storm in recent years. Bitcoin and other digital currencies have emerged as popular investment assets for people all around the globe. With the growing popularity of cryptocurrencies, digital coin investors must understand the need to protect their investments. Cryptocurrencies are susceptible to various risks, such as cyber attacks, fraud, and theft. Therefore, it is
Google Cloud has introduced its Anti-Money Laundering AI (AML AI) – a technology-enhanced solution that helps global financial institutions more effectively and efficiently detect money laundering activities. This is a timely addition given that criminals are becoming increasingly sophisticated in their methods and the amount of money laundered globally is estimated to be 2-5% of the global GDP, or up
Qualcomm is improving the performance of its new Snapdragon 4 Gen 2 mobile platform. This latest processor is designed to cater to a new generation of budget smartphones. The Snapdragon 4 Gen 2 builds on its predecessor and closes the gap with pricier smartphones by incorporating premium features that deliver capabilities previously reserved for high-end models. The Snapdragon 4 platform
In an age where innovation is the driving force behind economic growth, investing in emerging technologies is essential. One such technology making waves is Web3, an umbrella term for the decentralization movement that includes blockchain, cryptocurrencies, and decentralized finance (DeFi). Web3 investments are being touted as the perfect hedge against disruption in the tech industry, and with good reason. Surge
Over 55% of wage and salary recipients in the US are paid at hourly rates, which has led to the rise of startups developing technology to revolutionize the hourly and gig-based job market. These companies have secured billions in venture and growth funding globally in recent years. This article explores the impact of technology on the hourly work industry, highlighting
Mastercard, a leading global payment and financial services company, has announced that it is expanding its Engage program to support blockchain and cryptocurrency technology. The Engage program is designed to help partners quickly launch and scale products that power the decentralized Web3 economy. Mastercard is now set to simplify the process for businesses to work with it and bring new
JPMorgan Chase & Co., an American multinational investment bank, is making waves in traditional banking with its blockchain technology project: JPM Coin. JPM Coin was launched four years ago as the world’s first bank-backed cryptocurrency and runs on top of Quorum, a blockchain platform designed and developed by JPMorgan itself. The investment giant is further expanding this project by introducing
