FinTech company AppTech Payments has announced its intention to acquire FinZeo, a software development company focused on providing advanced payment and banking technology to businesses. The planned acquisition will enhance AppTech’s next-generation digital Commerse platform, the provider of B2B and B2C commerce solutions said in a Wednesday (Sept. 20) press...
Until fairly recently, consumers’ financial data has primarily been something to be hoarded and siloed. Rather than closing off this data, a new generation of solutions powered by connectivity may define the future of banking worldwide. After years and years of closed banking, open banking technology...
Enterprise payments and banking technology firm Zeta announced a Series C funding round this week propelling the firm’s valuation to $300 million. Announced in a press release, India-based Zeta’s new funding stems from Sodexo Benefits and Rewards Services, which will now have a minority stake...
The percentage of unbanked people in the U.S. recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. underscores the fact that tens of millions of U.S. households remain unbanked. The financial institution on...
November 16, 2018
Brighterion CEO Akli Adjaoute says there’s only one measure of AI’s true potential: When the tech is adaptive enough to understand that John at 23 is the same John at 43, even though he has two kids, a wife and a house in the 'burbs. That behavioral context, he tells Karen Webster, can help FIs stop fraud and personalize services — in much the same way that the corner shopkeeper could for his customers decades ago.
October 30, 2018
AI and ML-powered services can help fight banking fraud. However, to layer the tech into viable solutions to assist customers with banking, robo-advisors need to truly become “smart,” intuitive —...
October 23, 2018
HSBC and Samsung have announced what they are calling a “first-of-its-kind” program to bring wearable technology into HSBC bank branches. The two firms are currently testing a pilot that will...
August 02, 2018
Speed? Not the most important thing when it comes to B2B payments. Turns out transparency is king, and according to Barry Rhodes, EVP and head of payments at iGTB, FIs...
May 20, 2024
At JPMorgan Chase, getting trained in artificial intelligence is now part of being hired. The banking giant is having all new hires undergo artificial intelligence (AI) training, Mary Erdoes, who runs the firm’s asset- and wealth-management unit, said Monday (May 20). “This year, everyone coming in here will have prompt engineering training to get them ready for the AI […]
September 20, 2023
FinTech company AppTech Payments has announced its intention to acquire FinZeo, a software development company focused on providing advanced payment and banking technology to businesses. The planned acquisition will enhance AppTech’s next-generation digital...
November 28, 2018
Tencent’s WeBank, China’s first internet-only bank, is banking on artificial intelligence to improve customer service, reported CNBC. According to the report, citing Yang Qiang, an AI consultant at WeBank, the...
November 08, 2018
Top U.K. banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). The new guidelines,...
