flwnet

I just got a whole new set of tech phrases from a Gartner report. Giving my interpretation, here we go: Supplemental Coverage from Space (SCS) is a proposed framework for Device Direct connectivity using satellite and cellular communication combination. The framework enables partnership between satellite (specifically low Earth orbit [LEO]) providers and terrestrial mobile operators……

I just got a whole new set of tech phrases from a Gartner report. Giving my interpretation, here we go: Supplemental Coverage from Space (SCS) is a proposed framework for Device Direct connectivity using satellite and cellular communication combination. The framework enables partnership between satellite (specifically low Earth orbit [LEO]) providers and terrestrial mobile operators……

Your morning coffee purchase travels through 15 countries in 0.3 seconds. It’s not magic. It’s a global network of invisible digital pipes and two college dropouts saw their world-changing potential. Two brothers. Meet Patrick and John Collison: the architects of our digital future. 2010: the Collisons spot a problem: Online payments are a maze of……

American Express is maintaining its capital position while investing in its technology framework, marketing efforts, and merger and acquisition opportunities.  “We want to invest in the business,” Anna Marrs, group president of global commercial services and credit and fraud risk at the financial giant, said Sept. 4 during the Scotiabank Financials Summit 2024.   In…

While fintech funding has slowed in recent quarters, companies that focus on AI are attracting investor dollars.  Funding for AI-focused fintechs more than doubled quarter over quarter to $24 billion in the second quarter, accounting for 30% of investments, according to Crunchbase.  “AI is really changing the path,” Lisa Calhoun, founding managing partner at Valor…

This week’s main blog discussions include … The secret sauce of Stripe’s success Your morning coffee purchase travels through 15 countries in 0.3 seconds. It’s not magic. It’s a global network of invisible digital pipes and two college dropouts saw their world-changing potential. Two brothers. Meet Patrick and John Collison: the architects of our digital……

Things we’re reading today include … The Bank of London reveals £42m fundraise days after winding-up order (cityam.com) Russia Economy: Banks Say Nation Depleted Yuan Stash As China Pulls Away – (businessinsider.com) Bank bosses brace for Downing Street meeting as windfall tax fears mount | This is Money Stripe-backed fintech warns of over-reliance on US……

It’s interesting that we have over 30,000 fintech start-ups worldwide but only a few we talk about a lot. Stripe, Klarna, NuBank, Alipay … sure, there are 300 unicorns but there are thousands of roadkill along the way. What surprises me is how many sneak out of the woods when you least expect it. By……

Investment within the financial services technology sector is creeping back up after plummeting in August.   Following a July peak, Bank Automation News’ BAN Stock Index in August fell to 256.23, the lowest on the index since February, when it was 255.21. The BAN Stock Index tracks the average performance of financial technology providers.  The index…

Citizens Bank has deployed generative AI and automation in operations for activities including coding, customer service and fraud detection, and the efficiency gains are adding up.  “We completed a pilot using Microsoft Pilot … and the results were outstanding,” Michael Ruttledge, chief information officer and head of enterprise technology and security at Citizens, told Bank…