Big banks have been revisiting their branching strategies — branching (slight pun intended) into new markets, covering parts of the country thus far underserved by physical banking locations. In doing so, they can gain ground with the coveted younger generations, particularly Generation Z, which promises...
Trustly and food delivery service foodora have teamed up to allow foodora’s customers to pay directly from their bank account, with no need for a credit or debit card. This new open banking payments solution will be launched in Finland and then expanded to Norway,...
Global money movement company TerraPay and five digital wallet operators teamed up to facilitate cross-border payments and money movement. The five wallet operators participating in the new Wallet Interoperability Council include Airtel, bKash, MPESA, Nequi and Sama Money, according to a Tuesday (Aug. 20) press...
As the regulatory gaze sharpens on FinTechs, the companies themselves are mindful that they need new tools and a new approach to operations, in order to stay on the right side of the regulators. “The cost of fraud is high,” Ryan Dew, SVP, Product Solutions...
If there’s been a buzzword through the past few weeks, called out during earnings commentary and in presentation decks, it’s been this: Normalization. Card companies and banks and even some retailers have given the indication that the heights of the pandemic and the post-pandemic age...
Persistence should be rewarded. But when it comes to the long-standing persistence of both buyers and suppliers relying on checks for their B2B payments, there is no reward — only lost opportunity. While checks may be familiar to traditional businesses happy enough with the way...
Forget Allen wrenches and wordless instructions. IKEA’s latest innovation comes with propellers and algorithms. The Swedish furniture giant is taking to the skies — or at least to the ceiling — with a fleet of artificial intelligence (AI)-powered drones. Their mission is to conquer the...
Citi and Network International have formed a referral agreement in which Network will provide omnichannel payment acceptance solutions to the bank’s large enterprise customers across the Middle East and Africa (MEA). Network International’s payment platform offers a variety of payment methods, enhanced transaction efficiency, increased...
Bernard Arnault, founder and CEO of luxury goods company LVMH and the fourth-richest person in the world, has reportedly made several investments in artificial intelligence (AI) companies. Arnault’s family office, Aglaé Ventures, has made five AI-related investments in 2024, CNBC reported Monday (Aug. 19), citing...
