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More than half of the companies investing in artificial intelligence (AI) projects have been unable to extract any tangible benefit, according to recently published research.
26 September 2024
BNPL giant Klarna is stepping up its assault on bricks-and-mortar shopping, landing on Adyen in-store terminals across Europe, North America and Australia.
The European Investment Bank (EIB) is lending Italian paytech giant Nexi Group €220 million to support digital payment innovation.
Indian business-to-business payments firm PayMate is plotting a move into Indonesian through the $400 million acquisition of a DigiAsia subsidiary.
25 September 2024
The UK's Financial Conduct Authority has proposed rules designed to better protect customers when payments and e-money firms go out of business.
Challenger bank Revolut has seen its valuation rise to $45bn after Mubadala, the Abu Dhabi-based sovereign wealth fund acquired a stake in the company.
Klarna has joined forces with accountancy software provider Xero to enable small businesses to accept buy now, pay later payments.
The US Justice Department has sued Visa, accusing the payments giant of illegally monopolising debit network markets.
24 September 2024
A senior HSBC executive is the latest banker to call for technology and social media firms to help foot the bill for compensating victims of Authorised Push Payment (APP) fraud.
MoneyGram has blamed a "cybersecurity issue" for an outage that has left users unable to send money for several days.
Finextra launches its inaugural Next:Gen AI event on 26 November 2024. Join us in London to help redefine what’s possible.
The Hong Kong Monetary Authority (HKMA) has started the second phase of its digital Hong Kong dollar pilot study.
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