The COVID-19 pandemic has made us more inclined toward digital payments, shying away from the exchange of hard currency due to our newfound hygiene awareness; it is here that contactless payments have quickly become the new norm. In Europe, Germans are increasingly ditching cash for hygiene reasons, according to Initiative Deutsche Zahlungssysteme e.V, a payment […]
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Southeast Asia is currently witnessing a spur of technological innovation, especially in the Fintech sector, as it rapidly changes the financial services industry. According to a report by Ernest & Young (EY), countries within the Association of Southeast Asians Nations (ASEAN) have been enjoying factors such as a steady economic growth, a large and youthful […]
The global computational arms race has augmented the technologies far and wide, bolstering their capabilities, and opening up a plethora of possibilities for companies across industries. FinTech is no exception to this, specifically when narrowing our focus toward artificial intelligence (AI). Global AI in the Fintech market was estimated at USD 6.67 billion in 2019 […]
The world’s largest fintech company, China’s Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world’s largest money market funds, will hold […]
Spanish telecom giant Telefonica is aiming to strike a partnership with the private equity branch of German insurance company Allianz that would see them enter a joint fiber optic venture worth around €5bn (£4.5bn, $5.8bn). According to a report by Spanish publication Expansion, the joint venture, half-owned by each, will look to invest in fiber […]
We can all agree that this year has witnessed unprecedented levels of disruption across all industries and human activity all around, and the financial sector was at the top of them. Banks all over the globe closed their doors, at least temporarily, experiencing slowdowns and hiccups due to the rapid spread of the Covid-19 pandemic. […]
Amdocs is an international company founded in 1982 that specializes in software and services for communications, media and financial services providers and digital enterprises. The company helps service providers, communications agencies and financial service providers with modernizing solutions that involve digitization and automating systems and services in many industries. Mrs. Alla Goldner, Director, Technology, Strategy […]
By KEN SWEET AP Business Writer NEW YORK (AP) — Visa is purchasing the financial technology company Plaid for $5.3 billion, a major push by the payment processing giant into other types of money transfer systems outside of Visa’s traditional credit and debit card business. Plaid allows consumers to link their bank accounts to financial […]
By SAM McNEIL Associated Press SHENZHEN, China (AP) — Chinese tech giant Huawei is asking a U.S. federal court to throw out a rule that bars rural phone carriers from using government money to purchase its equipment on security grounds. The lawsuit announced Thursday is Huawei Technologies Ltd.’s second legal challenge this year to Trump […]