Fis

Indian consumers are keenly interested in generative artificial intelligence (Gen AI)-powered financial services. The study conducted by FIS found that 91% of surveyed Indian consumers would be willing to use a GenAI-powered financial application if it became available. The primary motivators for this interest were new technology (60%) and the desire to save time (56%).GenAI is a type of artificial intelligence designed to create new content, such as text, images, and code, based on input or prompts. It has garnered…

Private-equity firm GTCR will hold a 55% stake following the deal that values the payment processor at $18.5 billion. Private-equity firm GTCR will hold a 55% stake following the deal that values the payment processor at $18.5 billion. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to…

Welcome back to The Interchange! If you want this in your inbox, sign up here. We’ll be taking a break next weekend as Mary Ann and Christine both take much-needed vacations (we didn’t plan this, honestly!) but don’t worry, The Interchange will be back in your inbox on June 25. Consolidation continues in the world of fintech Last week ended with a couple of significant news events in the fintech world. First up, Ingrid and I wrote about FIS acquiring banking-as-a-service startup Bond for an undisclosed amount.…

Consolidation continues apace in the world of fintech. FIS, the fintech giant that runs a wide range of payment, banking and investment services, has acquired Bond, a startup that specializes in embedded finance, multiple sources confirmed today.  Fintech Business Weekly’s Jason Mikula broke the news last week that the deal was in the works. Our sources confirm that the deal has now closed, as of today. FIS is not sharing how much it paid for Bond, a San Francisco-based BaaS (banking-as-a-service) startup. But as a…

Nearly 76 per cent Indians now prefer using UPI (unified payments interface) during online checkouts while more millennials (84 per cent) are now using UPI when shopping online, a report showed.As the physical, digital and virtual worlds are converging, Indians are willing to explore and purchase within apps/browsers as well from the social media platforms, according to new research from financial services technology provider FIS.The UPI in August saw 6.57 billion transactions, amounting to Rs 10.72 trillion. Read…

The AI Express implementation approach gets customers ready for deployment in a few months Every day, financial institutions (FIs) are exposed to credit and fraud threats. According to PYMNTS.com, nine out of ten acquiring banks reported a rise in transaction fraud during COVID-19. While interest rates are rising, U.S. lenders are conducting business, and household debt has reached an all-time high of $15.84 trillion. These issues can now be swiftly and correctly handled using off-the-shelf artificial intelligence…

Google’s Area 120 introduced Orion WiFi back in 2020, which would let public venues sell WiFi capacity to cellular carriers. This is especially helpful for big sporting events like the Super Bowl or the World Series. Now, Google is using this approach to expand coverage for Fi, without having to use T-Mobile or US Cellular’s network.Around the middle of 2021, Google started a trial of OpenRoaming, where subscribers are connected to “Google Fi WiFi Hotspots” and it gives them more coverage in more places. While in…