What is Conversational AI? Conversational AI is the use of Machine Learning (ML) to allow humans to engage organically with devices, machines, and computers through the use of their own speech. As a speaker speaks, the device uses its own natural-sounding speech to understand and find the optimal answer. Customers can communicate with their bank
Over the last five years, the discipline of fraud prevention has transformed considerably and continues to evolve swiftly. As a result, prior realities regarding fraud prevention are increasingly becoming myths. Legacy suppliers spread these beliefs in order to stay relevant, but industry leaders recognize the difference and are moving forward. The first widespread misconception we’ll
Plaid, the API-first data network powering the digital financial ecosystem, and Wise, the global technology business developing the easiest way to move money around the world, today announced an open finance agreement to give clients a frictionless way to move money between various financial institutions. According to a 2021 survey by Plaid and The Harris
Jack Henry & Associates, Inc. announced today that it has entered into a definitive agreement to acquire Payrailz, adding the company’s next-generation digital payment capabilities, including real-time person-to-person (P2P) payments, to Jack Henry’s payments ecosystem. Payrailz, a cloud-native, API-first, AI-enabled provider of consumer and commercial digital payment solutions and experiences, is based in Glastonbury, Connecticut. By enabling money
Paysend, the UK-based fintech with over 7 million customers, today announces that 50 new receiving countries have been introduced to its global payments network since the start of 2022. Paysend customers can now send money to more than 170 countries around the world thanks to these new payment channels. Notable additional countries supported by Paysend
The first question a student has when taking these disciplines is, “What are the similarities and differences between accounting and economics?” Both fields mostly work with numbers. However, accounting is concerned with gathering, evaluating, and disclosing income and costs. The production, consumption, and transportation of goods are the main topics of economics, a subfield of
Gemini, a cryptocurrency exchange, has partnered with Plaid, open banking, and payments platform, to provide UK consumers the opportunity to purchase cryptocurrency using their bank accounts. The action emphasizes the growing prominence of cryptocurrencies in the financial ecosystem and encourages more everyday customers to diversify their holdings in digital assets. Customers won’t need to submit
We’re entering an extraordinary, challenging economic environment – the likes of which many in the fintech sector won’t have experienced in their working lives before. A recession is starting to feel like an inevitability – one that will be compounded by record inflation, soaring interest rates, geopolitical unrest, and an affordability crunch that could last
The Association of Bonded Travel Organisers Trust (ABTOT) has selected Trust Payments, the disruptive leader in frictionless payments and value-added services for merchants, to be its newest payments platform provider across its broad membership base. With well over 250 members, ABTOT provides a flexible, personal and efficient process to help travel merchants guarantee the safety of customer
KBC is the first financial institution in Europe to roll out its own digital coin based on blockchain technology, Kate Coin. The launch of the e-money token comes a year and a half after the Belgian bank’s launch of Kate, a personal digital assistant for mobile and online banking. Customers will be able to acquire
Revolut is using payment initiation services (PIS) technology from open banking player Tink to let users across Europe seamlessly move money into their accounts. Tink’s PIS technology enables users to connect to the bank account they want to move money from, and instantaneously authorize and complete the payment without leaving the Revolut app. “We are
Synapse, a global banking-as-a-service platform that increases access to financial products, recently announced the launch of Global Cash, a secure cash management account product that enables residents in more than 35 countries to invest and hold U.S. dollars. Global Cash allows U.S.-based FinTechs to expand their market reach by simplifying the onboarding of international customers through effortless
