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Do you ever get the feeling that we’re living in a postmodern fiction? You’re not alone | Dan Brooks
The once outlandish predictions of Ballard, DeLillo and (yes) The Simpsons are coming true. It’s time to write our own future Writing about the assassination of President John F Kennedy for Rolling Stone in 1983, 20 years after the shooting, the novelist Don DeLillo remarked: “Europeans and Middle Easterners are notoriously prone to believe in…
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Excitement mounts over AST SpaceMobile launch
Many shareholders of AST SpaceMobile stock are beside themselves with anticipation of a spectacular rise in their holdings. Of course, there is the small challenge of launching the key five satellites that make up the very first portion of what will be a mega-constellation of approaching 90 satellites. The mission is to send and receive…
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Research: 47% of US familiar with AI tech
Parks Associates research in partnership with Adeia reveals 47 per cent of US internet households report familiarity with at least one AI technology, such as tools like ChatGPT or AI-powered image editors like Lensa. The Rise of AI: Consumer Perspectives notes that 40 per cent of US internet households regularly use an AI tool for…
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Do you ever get the feeling that we’re living in a postmodern fiction? You’re not alone | Dan Brooks
The once outlandish predictions of Ballard, DeLillo and (yes) The Simpsons are coming true. It’s time to write our own future Writing about the assassination of President John F Kennedy for Rolling Stone in 1983, 20 years after the shooting, the novelist Don DeLillo remarked: “Europeans and Middle Easterners are notoriously prone to believe in…
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Do you ever get the feeling that we’re living in a postmodern fiction? You’re not alone | Dan Brooks
The once outlandish predictions of Ballard, DeLillo and (yes) The Simpsons are coming true. It’s time to write our own future Writing about the assassination of President John F Kennedy for Rolling Stone in 1983, 20 years after the shooting, the novelist Don DeLillo remarked: “Europeans and Middle Easterners are notoriously prone to believe in…
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Visa takes on not-so-friendly fraud
Dishonest consumers are upping their fraud game as “friendly fraud” becomes the No. 1 problem in credit card disputes, but tech providers and merchants alike are upping their ability to fight through data and AI. Friendly fraud and chargeback fees cost businesses more than $117 billion in 2023, according to a PayPal report. Friendly fraud,…
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Inside look: Frost Bank’s AI and payments strategy
Frost Bank is investing in its AI, payments and customer onboarding experience to remain competitive and penetrate new markets. In the second quarter, the $49 billion San Antonio-based bank upped its technology spend 8% year over year to $35.9 million, according to its July 25 earnings report. “We have plans to use AI … [and]…
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Things worth reading: 30th July 2024
Things we’re reading today include … One-third of customers would change bank after outage (consultancy.uk) UK’s Open Banking Success: 10 Million Users (pymnts.com) Challenging The Banks | Global Finance Magazine (gfmag.com) Revolut’s UK Banking License Is Vital – But Could It IPO in the US? (forbes.com) Japan’s Rakuten Slides Most Since May on Fintech Reorganization……
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10 trends that define the fintech industry’s future (by #Plaid)
I just found an interesting blog by Plaid: 10 fintech trends for 2024 that define the industry’s future What are the 10 fintech trends? Trend #1: Consumers will use more fintech apps than ever Trend #2: Fintech increasingly provides financial stability during uncertain times Trend #3: Emerging payment technologies will become as normalized as the……
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Fintech Funding: Startup funding jumps 11% YoY
Fintech funding saw a rebound in the second quarter as global funding increased to $8.9 billion, up 11% year over year. The U.S. saw the most fintech funding during the quarter at $4.8 billion across 324 deals, followed by Europe with $1.9 billion across 185 deals, according to data service provider CB Insights’ Q2 State…