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Financial News
Global Fintech Series
12h
162
Image Credit: Global Fintech Series
PAX Technology Announces Evolve: The Ultimate Payment Management Solution
- PAX Technology, Inc. has announced the launch of Evolve, a robust payment application designed to transform payment management for small and medium-sized businesses (SMBs).
- Evolve offers an intuitive, scalable, and cost-effective platform with features such as dual pricing, flexible hardware options, comprehensive analytics, and cloud-based scalability.
- Key benefits of Evolve include reduced transaction fees, access to premium PAX Technology devices without large upfront costs, real-time reporting and analytics, scalability, remote payment management, and e-receipts.
- Future enhancements to Evolve will include inventory management, gift and loyalty programs, online ordering, and e-commerce solutions.
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Fintechnews
13h
75
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Gartner Forecasts AI-Driven Hardware to Propel GenAI Spending in 2025
- Worldwide spending on GenAI is projected to reach US$644 billion in 2025, a 76.4% increase from 2024.
- High failure rates in initial proof-of-concept work and growing dissatisfaction with current GenAI outcomes are diminishing expectations for GenAI capabilities.
- Despite improvements in models, CIOs are likely to scale back POC and self-development efforts, focusing on GenAI features offered by established software providers.
- GenAI spending in 2025 will be primarily driven by the integration of AI capabilities into hardware, such as servers, smartphones, and PCs, with 80% of GenAI spending allocated to hardware.
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Global Fintech Series
13h
115
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SumUp And FreedomPay Partner To Strengthen Offering To Retail And Hospitality Merchants Worldwide
- Global fintech company SumUp has partnered with FreedomPay to enhance their offerings for retail and hospitality merchants worldwide, focusing on delivering a robust payment system with offline capabilities and hardware flexibility.
- The partnership aims to provide a comprehensive solution that caters to businesses of all sizes, ensuring scalability, consistency, simplicity, transparency, security, and trust in payment processing.
- By combining SumUp's platform with FreedomPay's payment technology, merchants can expect a seamless and personalized customer experience with industry-leading commerce technology.
- SumUp's ecosystem, coupled with FreedomPay's security framework, emphasizes data protection and secure transactions, offering simplicity and affordability with transparent pricing.
- The SumUp platform integrates payments, financial services, and business management solutions globally, catering to evolving market demands and providing unified, omni-channel solutions for modern businesses.
- FreedomPay's Commerce Platform supports enterprises worldwide, offering flexible and data-driven solutions for security, payments, loyalty, and advertising, delivering a true omni-channel experience for global operations.
- As a leading global financial technology company, SumUp serves over 4 million small merchants in 36 markets, providing a range of financial solutions and supporting environmental and social initiatives.
- The partnership between SumUp and FreedomPay aims to empower merchants with top-tier payment technology, ensuring consistent, high-quality service for businesses across various industries and locations.
- SumUp's dedication to making payment solutions secure and accessible aligns with FreedomPay's mission to provide best-in-class payments, data, and security functionalities to global brands.
- FreedomPay's technology is recognized for transforming legacy payment systems to cutting-edge solutions, supporting industries like retail, hospitality, gaming, healthcare, and financial services with a focus on omni-channel delivery.
- The alliance between SumUp and FreedomPay highlights a commitment to advancing payment technology and enhancing the customer experience for businesses of all sizes on a global scale.
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Fintechnews
13h
123
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Backbase Partners with Salt Edge to Streamline Open Banking Compliance
- Backbase has partnered with Salt Edge to streamline open banking compliance.
- Backbase customers can access Salt Edge's compliance solutions through the Backbase Marketplace.
- The partnership enables banks to provide ready-to-use solutions for third-party providers without additional infrastructure costs.
- The collaboration supports banks in modernizing their API infrastructure and introducing new services.
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Global Fintech Series
13h
186
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Transcard Transforms B2B Payments with Agentic AI Power
- Transcard, a global leader in payments technology, has enhanced its SMART Exchange vendor network management solution with powerful generative and agentic AI capabilities.
- The AI-powered solution automates onboarding and the KYB process, providing a modernized digital user experience for buyers and suppliers in B2B payments.
- Benefits for buyers include the replacement of call centers, streamlined supplier KYB process, easy maintenance of vendor information, and seamless integration with ERP or system of record.
- For suppliers, the solution offers a streamlined onboarding process, dedicated self-service portal, and access to early financing options for enhanced cash flow.
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Global Fintech Series
13h
322
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Finastra introduces enhancements to LaserPro, adds customer benefits to the cloud solution
- Finastra, a global provider of financial software applications, has enhanced its cloud-based loan document preparation system, LaserPro.
- The enhancements include the integration of AI Assistant for answering user questions, improved small business administration program loan management, geocoding for enhanced data accuracy, and advanced additional provisions for streamlined document management.
- More than 75 banks and credit unions have migrated to LaserPro's cloud model, benefiting from the new features and experiencing fast migration times.
- Financial institutions see the cloud solution as a way to reduce IT expenses, improve processes, and create an enhanced user experience.
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19 Likes
Global Fintech Series
13h
225
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More Than Half of Americans Fear Covering Unexpected Expenses in 2025
- More than 53% of consumers are concerned about affording unexpected expenses in 2025 due to economic uncertainty.
- Unplanned expenses, like emergency car repairs and home repair costs, are a significant financial burden for consumers.
- Credit card-linked installments provide a smart way to handle unplanned expenses and maintain financial flexibility.
- Consumers are relying on credit cards and alternative financing solutions for emergency and impulse spending.
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Banking Frontiers
13h
279
Boomtime for wealth management service providers
- Deloitte India's study highlights a significant opportunity for wealth management service providers in India, with an estimated AUM growth of $1.6 trillion during FY24 and FY29.
- The demand for wealth management services is expected to double, reaching $2.3 trillion by FY29, driven by shifting macroeconomic trends and increasing income levels.
- Key factors contributing to this growth include expanding affluence, a shift to financial assets, and emerging opportunities in B30 cities.
- Success factors for wealth management businesses include targeting specific customer segments, complying with regulations, and offering digital user experiences.
- India's affluence is projected to grow due to strong GDP growth, favorable government policies, job creation from startups, and initiatives like 'Make In India.'
- There is a rise in affluent millennials, increased FDI inflows, and passing on generational wealth contributing to the growth in affluence.
- The report emphasizes the need for modern technology stacks, data strategies, cloud migration, and API adoption for wealth management providers.
- Robust cybersecurity measures are essential for safeguarding sensitive financial information, along with data privacy governance and human intervention.
- Wealth management players should focus on customer-centric product propositions, service models, and regulatory compliance for sustainable business growth.
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TechBullion
13h
105
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Limdex Capital: Innovation and Sustainability in Next-Generation Investments
- Limdex Capital stands out in the financial market with a unique combination of high technology and environmental responsibility.
- They specialize in digital assets, cryptocurrency trading, and decentralized finance (DeFi) by leveraging advanced artificial intelligence algorithms.
- Limdex Capital focuses on disruptive industries and aims to drive sustainable economic growth while delivering superior returns to investors.
- They actively collaborate with global stakeholders for impactful change and commit to sustainable development principles.
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Fintechreview
14h
298
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AI-Native Fraud Prevention Company, Feedzai, Partners with Highnote to Secure Acquiring Business Line
- Feedzai and Highnote have partnered to launch Highnote's acquiring business line.
- Feedzai's AI-native fraud prevention and merchant monitoring platform enable secure and compliant deployment of Highnote's acquiring solution.
- The partnership provides real-time fraud detection, comprehensive merchant monitoring, regulatory compliance, and simplified operations.
- Feedzai's agile deployment approach aligns with Highnote's go-to-market strategy, allowing full implementation in 40-60 days.
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17 Likes
Fintechnews
14h
149
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Adnovum Announces Board Changes: Adrian Koch Steps Down, David Brodbeck and Reto Isenegger Join
- Adrian Koch, a member of the Board of Directors of Adnovum, will step down from his position on 31 March 2025.
- He played a crucial role in establishing Adnovum's presence in Singapore and supporting its international growth.
- Effective 1 April 2025, David Brodbeck and Reto Isenegger will join the Board of Directors as Koch's successors.
- Brodbeck brings extensive IT leadership experience, while Isenegger has expertise in strategy development and digital transformation.
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Fintechnews
14h
120
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Mastercard Simplifies Virtual Card Adoption for Businesses and Banks
- Mastercard has introduced a new program to simplify the adoption of virtual card numbers (VCNs) for commercial payments.
- The program aims to reduce friction and speed up onboarding by simplifying the integration of Mastercard's virtual card technology into existing business tools.
- Banks using Mastercard's VCNs can now enable platform partners to offer embedded payment solutions, eliminating the need for direct integration between the two sides.
- This initiative responds to the demand for simpler, more intuitive payment experiences and aims to modernize fragmented commercial payment systems.
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Banking Frontiers
15h
332
State-supported armed conflict is top global risk now
- The 20th edition of the World Economic Forum’s Global Risk Report highlights state-based armed conflict as the top global risk for 2025, with one-quarter of respondents expressing concerns.
- The report leverages insights from over 900 global leaders to analyze risks across immediate, short- and long-term horizons, aiming to equip leaders with foresight to address emerging challenges.
- Global leaders are less optimistic about the world's outlook in the long term, anticipating turbulence driven by environmental, technological, and societal challenges by 2035.
- Concerns include instability in international cooperation, illicit economic activity, debt burdens, and concentration of strategic resources, all posing risks to the global economy.
- Misinformation and disinformation remain top short-term risks, threatening societal cohesion and governance by eroding trust and exacerbating divisions.
- Other short-term risks highlighted in the report include extreme weather events, societal polarization, cyber-espionage and warfare, and pollution.
- While economic risks such as inflation and economic downturn have subsided, concerns persist regarding debt, crime, and illicit economic activities.
- Technological risks related to adverse outcomes of AI technologies and biotech advancements are also mentioned in the report as emerging concerns over the next decade.
- The report discusses the super-aging risk in societies, predicting challenges like pension crises, labour shortages, and economic impacts due to demographic shifts.
- The need for effective global cooperation is emphasized in the face of fragmented global orders, with a call for prioritizing dialogue, strengthening ties, and fostering collaboration for a sustainable future.
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19 Likes
TechBullion
16h
293
Image Credit: TechBullion
Top Coins to Join Today for Massive Return Potential: Qubetics Presale, Aptos Price Prediction, and ZIGnaly’s Surge
- Looking to make big moves in the crypto world? Explore top coins like Qubetics, Aptos, and ZIGnaly with massive return potential.
- Aptos stands out for its innovative approach to blockchain technology and scalability, attracting developers and enthusiasts.
- ZIGnaly is revolutionizing trader interactions in the market, gaining momentum for its unique value proposition.
- Qubetics shines with its cross-chain solutions and advanced wallet features, positioning itself as a formidable player.
- Qubetics presents a non-custodial multi-chain wallet for secure and user-friendly asset management, supported by strategic partnerships.
- With partnerships like SWFT Blockchain and 1inch, Qubetics enables seamless cross-chain transactions and access to optimized trades.
- Aptos, geared towards scalability and speed, could lead the blockchain ecosystem as demand for scalable solutions increases.
- ZIGnaly, a crypto trading platform, offers automation tools to enhance trading decisions and maximize profits.
- Qubetics, with $TICS token, has seen remarkable growth, raising over $15.5 million in presales and attracting a large holder base.
- 2025 holds promise for Aptos, ZIGnaly, and Qubetics, presenting significant growth opportunities in the evolving crypto landscape.
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17 Likes
TechBullion
16h
300
Image Credit: TechBullion
BlockDAG’s Beta Testnet Launch Pushes Price to $0.0248 as Dogecoin Holds $0.16 & Pi Coin Faces Unlock Risks
- BlockDAG launches a testnet designed for real growth, supporting over 2,000 TPS and EVM tools.
- Dogecoin clings to the $0.16 mark, with a possible bounce back if it holds strong.
- Pi Coin faces uncertainty over future token unlocks and a possible dip to $0.71 in April.
- BlockDAG's Beta Testnet combines DAG structure with Proof-of-Work and is fully compatible with Ethereum tools.
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