Artificial intelligence (AI) has had a significant impact on the financial services industry. It has been applied in various areas such as investment banking, insurance, wealth management, and more. In investment banking, AI is proving to be a promising tool, with ChatGPT being one of the most exciting AI technologies available.
Payment service provider Worldline introduced VABOX – Voice Alert Box, which provides instant payment confirmation, overcoming challenges of visual impairment and encouraging inclusivity
A federal appeals court has approved the settlement of a class action lawsuit against Visa and Mastercard.
PhonePe, India’s largest mobile payment services company, has raised another $200 million in an ongoing funding round.
ClearBank joins 30 other financial service companies in partnering with Code First Girls, keen to hire more women and eliminate the gender gap which still persists in fintech
Flutterwave received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda to deploy a range of new products to the country’s 13.5 million citizens
SoftPOS solution provider Phos added QR code-based digital wallets, such as PayPal, Venmo, and CashApp, as payment methods for retailers
Morgan Stanley Wealth Management and payment giant Stripe have announced their intention to use a chatbot based on artificial intelligence GPT-4 from OpenAI.
For the first time in history, chatbots based on artificial intelligence will participate in a conference on the development of the fintech industry.
Lenovo will offer its business customers a BNPL payment method through their Tabit B2B integration
Flat6Labs has launched a new startup fund of $95 million.
In-store mobile and wearable transaction values in Italy rose by 122% in 2022 to hit $17.5 billion
European co-investment platform SeedBlink launched a secondary market for individual investors in European tech startups to reduce barriers for individual access to the VC investments
Fintech company Astra Tech, which is based in Dubai, announced that as a result of a partnership with Mastercard, it managed to expand its payment ecosystem.
Experian will pilot a new service for “credit invisibles”– people with little to no credit history – to get better access to mainstream financial services and start their credit-building journey
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