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W Chain , a top hybrid blockchain platform for globalpayments, has announced its partnership with NeurochainAI, a leader in decentralized AI development. The partnership will leverage the combined strength of both the companies to transform the globalpayment system by deploying amalgamation of AI and blockchain technologies.
Blockchain analysis firm Chainalysis has acquired Alterya , an AI-based fraud detection platform focused on identifying scams before they impact victims. Fraud detection faces new challenges with advanced technologies like generative AI enabling more complex scams.
By combining expertise and tools, Visa aims to expand its fraud prevention use cases and strengthen the security of globalpayment systems. Both our companies have been at the forefront of using AI to solve longstanding challenges and pain points in the payments industry.
Adyen , the global financial technology platform of choice for leading businesses, announces the launch of Adyen Uplift. The AI-powered payment optimization suite will help businesses increase payment conversion, simplify fraud management, and reduce the cost of payments.
MiFinity , a leading globalpayment services provider, is delighted to announce the appointment of Linus McDonnell as the company’s new Chief Innovation Officer. The post MiFinity Appoints Linus McDonnell as Chief Innovation Officer to Drive Vision and AI Expansion appeared first on FF News | Fintech Finance.
Papaya Global’s new AI-powered solutions run on four central pillars: AI Data Connectors allow clients to standardize and consolidate their workforce data from HRIS, ERP, and other financial tools – eliminating lengthy mapping processes with 99.7% Amit Levi, SVP Product.
Checkout.com , a leading global digital payments company, today announced that its Intelligent Acceptance product, an AI-powered engine designed to help enterprise businesses boost their payment performance, has generated over $10 billion in additional merchant revenue.
The new Embedded Finance segment deepens Ant International’s ecosystem by offering a rich array of FX, treasury management, inclusive lending and other AI-powered fintech solutions to clients and partners across the other three main businesses.
Leveraging artificial intelligence (AI) technology, PhotonPay has further streamlined anti-money laundering (AML) and counter-terrorism financing (CFT) processes, enhanced its risk management system and effectively reduced financial crime risks. “Compliance is the foundation of trust in globalpayments.
FIS has announced a significant reshaping of its business with two strategic moves: the sale of its remaining 45% stake in Worldpay and the acquisition of GlobalPayments Issuer Solutions business. The divestiture of Worldpay to GlobalPayments will bring in $6.6
Thredd, a globalpayments processor, has announced the appointment of four senior executives to its leadership team. Leading Thredds data and AI strategy, Diwakar Patwal joins as Vice President of Data and AI. His expertise will drive the expansion of Thredds credit offerings and operational efficiency.
PXP , a leading omnichannel globalpayment platform and innovative industry disruptor, have announced the appointment of Alex Apergis as its new Chief Revenue Officer to supercharge global growth. Alex’s appointment coincides with PXP’s transformation into a brand that redefines commerce technology.
Klarna , the AI-powered globalpayments network and shopping assistant, announces the launch of its flexible payment options for Zoom Workplace , enabling users across the US and multiple European markets* to access Zoom’s premium services with greater financial flexibility.
Klarna , the AI-powered globalpayments network and shopping assistant has expanded their partnership with Worldpay , a global industry leading payment services provider, to enable thousands of new merchants to offer Klarna to their customers.
Klarna , the AI-powered globalpayments network and shopping assistant, has partnered with Neiman Marcus , one of the largest luxury retailers in the U.S., and famed New York City-based Bergdorf Goodman to offer its range of flexible payment methods online.
Thredd , a leading next-generation globalpayments processor, today announced four strategic senior appointments to its leadership team, reinforcing its commitment to delivering world-class expertise in supporting fintech organisations and programme managers worldwide.
In 2024, payment experts foresee increased demand for instant payments, greater use of alternative payment methods, simplified mobile-friendly payments, user-focused and secure payment practices, automation of payment processes, and heightened reliance on data analysis and AI.
Klarna , the AI-powered globalpayments network and shopping assistant, today announced a major global agreement with the global technology powerhouse, Lenovo. Now consumers can spread the cost of their tech essentials without paying record high interest to the big banks.”
Celebrating another milestone in harnessing an innovative technology, namely generative artificial intelligence (gen AI), Klarna , the AI-powered globalpayments network has hit 87 per cent gen AI adoption rates among employees. per cent, 87.9 per cent, and 86.4 per cent respectively.
Klarna , the AI powered globalpayments network and shopping assistant, will soon be available on Google Pay. can choose Klarna’s interest-free payment options at checkout. Starting next year, Google Pay users in the U.S.
Airwallex , a global financial technology platform, reported a 153% year-on-year revenue increase in Singapore for FY2024. The globalpayments and financial platform said revenue in Q4 2024 rose 215% year-on-year, while transaction volumes were up 192% during the same period.
Artificial intelligence’s impact on the payments landscape is nothing short of transformative – from personalised customer experiences and seamless cross-border transactions to enhanced security and prompt fraud detection, AI-driven innovations […] Read more
Jingle Pay has redefined the fintech space with its proprietary AI-powered tech stack already processing over 2 million transactions and facilitating over $1 billion in international money transfers in 2024, saving customers over $6 million in fees. Jingle Pay was recently awarded the top global fintech for remittances into Pakistan.
Payments Report 2024 As the globalpayments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.
“This year, we recognize companies that are harnessing AI in deep and meaningful ways, brands that are turning customers into superfans by overdelivering for them, and challengers that are introducing bold ideas and vital competition to their industries. .” It will also be available on newsstands beginning March 25.
Klarna, the AI powered globalpayments network and shopping assistant, has cut its sales and marketing spend by 11% in Q1 2024 while increasing the number of campaigns and updating marketing collateral more frequently.
Today, Skyfire Systems, Incorporated announced the launch of the world’s first payment network built to enable fully autonomous transactions across AI Agents, LLM’s, data platforms, service providers, and other goods and services. AI Agents are a brand new customer base for businesses and a game-changing opportunity.
Klarna , the AI-powered globalpayments network and shopping assistant has expanded their partnership with Woo , the flexible, open-source ecommerce solution built on WordPress, by making Klarna a default payment option for merchants using WooPayments.
RedCompass Labs , the global experts in payments modernization, has launched the world’s first multi-agent AI solution engineered specifically to accelerate payments transformation: AnalystAccelerator.ai. helps banks address these challenges with the world’s first applied AI tool for payments modernization.
Swift today announced that it is rolling out new AI-enhanced fraud detection to help the globalpayments industry step up its defence as bad actors grow increasingly sophisticated. The technology will identify suspicious patterns in real-time, reducing fraud-risk and ensuring a safer banking experience for clients.
Klarna , the AI powered globalpayments network and shopping assistant, and John Lewis & Partners have partnered to bring Klarna to JohnLewis.com and in the John Lewis app. The first payment is made at the time of purchase, followed by two subsequent payments at 30-day intervals.
It enables merchants to seamlessly integrate a wide variety of payment methods and supports transactions in over 100 currencies. Additionally, Antom empowers merchants to customise operations and refine customer targeting with AI-driven and privacy-computing tools.
PAY360 2025 , the largest event dedicated to the globalpayments ecosystem, will be held on 25-26 March 2025 at ExCeL London. These experts will explore topics such as open banking, AI-driven payment solutions, and regulatory changes, providing actionable insights to help businesses stay ahead in the ever-evolving landscape.
A new whitepaper by globalpayments processor and technology provider, RS2 , has revealed that a staggering 70% of banks’ IT budgets are consumed by maintaining outdated legacy systems. Additionally, AI-driven predictive analytics enhance system reliability, minimize downtime, and optimize resource allocation for peak efficiency.
A recent study by globalpayments service provider FIS found that Singaporeans exhibit significantly higher trust in generative artificial intelligence (GenAI) compared to their counterparts in major markets such as Australia, the UK, and the US.
Klarna , the AI-powered globalpayment network and shopping assistant, is strengthening its partnership with Zalando , Europes leading online multi-brand fashion destination, by introducing Klarnas Pay in 3 option in Germany, Austria, the Netherlands, Poland, and Denmark.
” Andy Watson, chief people and transformation officer, notes, “2025 will likely be the year of AI agents. Anthropic launched its AI agent Computer Use in October 2024, and OpenAIs new AI agent, codenamed ‘Operator,’ is set to launch early next year.
ACI Worldwide (NASDAQ: ACIW), an original innovator in globalpayments technology, have announced that Zimswitch , Zimbabwe’s national electronic payments switch and a leading payments technology company, has chosen ACI’s Fraud Management and Payments Intelligence solution to enhance its fraud prevention and management capabilities.
Latvia-based BluOr Bank has selected Nets , part of the European paytech, Nexi Group , to leverage its payment card issuing services, offering an enhanced customer banking experience tobusiness and entrepreneurs in the Baltic region. Fintech specialist Sokin has become the official globalpayments partner of Excel London.
Visa’s latest Biannual Threats Report for Spring 2024 underscores the concerning rise of “pig butchering” scams, showcasing the sophisticated threats plaguing both individuals and businesses in the globalpayments ecosystem. Visa’s study reveals that these scams have targeted a staggering 10% of surveyed adults.
Stripe , a financial infrastructure platform for businesses, today gave an update on the growth of the internet economy in Asia, highlighting Stripe’s expanded market coverage and AI-powered payments to support cross-border commerce. Last year, cross-border payment volume in Asia on Stripe grew more than 30%.
Partnerships and acquisitions Card Present over Internet (CPol) provider, Burbank has today announced a major strategic partnership with globalpayments technology provider Transactility (creators of jPOS) to accelerate the adoption of CPoI across the banking sector.
Klarna , the AI-powered globalpayments network and shopping assistant, has signed an agreement with J.P. Morgan Payments that will, for the first time, make Klarnas Buy Now, Pay Later (BNPL) payment options available to businesses that rely on J.P. Morgan Payments for payment processing.
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