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HSBC became a strategic investor in Token.io to help accelerate the growth of Token.io’s pay-by-bank infrastructure.
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The move extends a collaboration in which Token.io has powered the HSBC Open Payments solution since 2019, the companies said in a Wednesday (June 4) press release.
Token.io also secured additional funding from most of its existing investors, according to...
The most visible sign this week of enthusiasm for FinTechs — call it a form of financial enthusiasm, perhaps — was, arguably, the stratospheric rise of Circle shares in their debut on the public markets on Thursday (June 5).
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Circle shares soared from the initial offering price, we wrote in coverage of a remarkable first day that ended with a 168% gain. Beyond the eye-...
As Apple heads into its annual developers conference this coming week, it is facing a slew of problems that has led to a stock price slide of 20% this year thus far, the worst performance since at least 2010.
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Expected to dominate headlines at Apple’s WWDC, or Worldwide Developers Conference, is how far it lags its rivals in artificial intelligence (AI), according to...
Cross-border payments don’t have a small bank problem; small banks have a cross-border problem.
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With layers of intermediaries, opaque fee structures and legacy infrastructure, the cost and complexity of sending money internationally remain disproportionately high for regional and community banks.
As large banks use economies of scale and bespoke infrastructure to...
The rising adoption of stablecoins could reportedly increase the volatility of U.S. Treasury Securities with short-term maturities.
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Some analysts say that as these dollar-pegged cryptocurrencies grow, their volatility could spread to the bills market, Reuters reported Friday (June 6).
Any disruption in the stablecoin market could trigger liquidations that could drive...
The share of venture capital (VC) investors who expect VC funding to rise over the next year has fallen by 20 percentage points over the last six months, according to PitchBook.
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The share dropped from 58% in the second half of 2024 to 38% today, the capital market intelligence platform said in its H1 VC Tech Survey released Wednesday (June 4).
In addition, the share of...
When Alex Schlesinger, founder and CEO of insurance firm Active Mutual, faced the tough reality of training sales agents without the budgets or trainers big firms could afford, he turned to something unexpected: an AI chatbot.
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“Our small business had been struggling for a while to give our agents the kind of in-depth training bigger companies can afford,” Schlesinger...
Fiserv has agreed to acquire the remaining 49.9% stake in AIB Merchant Services (AIBMS) from AIB Group, aiming to strengthen its merchant services footprint across Ireland and Europe.
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The transaction, announced June 6, will give Fiserv full ownership of AIBMS, one of Ireland’s largest payment solution providers and a top European eCommerce acquirer. Founded in 2007 as a...
Forget your plastic cards for a moment. A quiet revolution is happening in how we pay for everything from dinner to electronics, and it’s being led by the smartphone in your pocket.
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A forthcoming report from PYMNTS Intelligence, “How the World Does Digital,” the latest installment in the series, reveals that mobile wallets, like Apple Pay, PayPal and Google Pay, are...
The first few trading days of the last month of the quarter marked a muted but positive start for the FinTech IPO Index, which tacked on 0.8% through the past five days.
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Robinhood’s browser-based desktop trading platform is now available to customers in the United Kingdom. First introduced last year, Robinhood Legend is designed for active traders and is available at no...