Fintech innovations have ushered in a new era for traditional banking models, transforming how financial services are delivered and consumed. From digital payments to peer-to-peer lending, fintech companies are redefining the financial landscape.
Online check fraud schemes boom forces major US banks to introduce additional security measures such as drastically decreasing limits to mobile deposits as Fidelity recently did.
The safety of payment transactions is one of the main prerogatives industry players focus on. However, sometimes, the efforts to eliminate fraud lead to adverse effects. Overzealous fraud prevention techniques tend to drive customers away, creating too much checkout friction. Today, we’ll learn to distinguish a thin borderline between proper vigilance and overprotection in finance.
The rise of consumer sentiment continues to be observed in the United States.
Fresh funding complements earlier Care.fi investments of $2.6 million and fuels fintech’s vision of becoming India’s healthcare-focused Small Finance Bank.
The media reports that OpenAI, one of the largest players in the global technology sector, which has developed the world’s most popular chatbot based on artificial intelligence called ChatGPT, expects losses of about $5 billion in the current year.
Tokyo Electron Ltd. aims to form a team of engineers specializing in chips in India.
HP Wolf Security has recorded the first case when criminals used generative artificial intelligence technologies to write malicious code to distribute a remote access Trojan.
Media reports that Chime Financial Inc., which specializes in financial technology and focuses on providing free services, has tapped Morgan Stanley to lead its initial public offering (IPO) of shares.
Business giant Alphabet, which ownership structure includes Google, plans to invest $3.3 billion in South Carolina.
Visa has agreed to acquire Featurespace to enhance its existing fraud detection solutions, offering real-time AI-based protection against payment fraud and financial crime.
Klarna’s flexible payment methods will be available on Adyen’s physical payment terminals across Europe, North America and Australia.
The latest data on the dynamic of the inflationary process in Spain and France have become the driving force behind the intensification of the spread of expectations among investors and economists that the European Central Bank will accelerate the implementation of measures to ease its monetary policy strategy.
PayPal U.S. business accounts finally receive crypto capabilities similar to those individual consumers have been enjoying for years.
Critics from the government watchdog argue that the Visa-Mastercard duopoly burdens businesses and customers with high fees.
Orion smart glasses by Meta are described as a time machine bringing users a glimpse of a fascinating future where reality and virtual environment seamlessly blend.
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