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Limited Payment Options, Poor Translations and Bugs Force Consumers to Abandon Digital Transactions, per Applause 2024 Digital Payments Survey

Today, Applause, a provider of testing and digital quality solutions, released the results of its first Digital Payments and Localization Survey, revealing that 76% of consumers are likely to abandon a transaction if their preferred payment method is not accepted. The survey also found that 68% of consumers prefer to use mobile/digital wallets to pay for goods and services, but only 56% of providers accept them.

Wednesday, August 7, 2024 - 14:44
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Financial IT
Axis Bank Facilitates Seamless GST Payments For Its Commercial Card Clients

Axis Bank, one of the largest private sector banks in India, today announced its successful integration with the Goods and Service Tax portal, thereby allowing its Commercial Card Corporate customers to make GST payments seamlessly.

Wednesday, August 7, 2024 - 14:36
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Financial IT
Ripple Announces Partnership With DIFC Innovation Hub To Accelerate Adoption Of Blockchain Technology In The Middle East

Ripple, the leading provider of enterprise blockchain and crypto solutions, has announced plans to partner with the DIFC Innovation Hub to accelerate blockchain and digital assets innovation in the UAE. The new partnership will connect the next generation of developers with the DIFC Hub, the largest innovation community in the region and home to more than 1,000 growth-stage tech firms, innovation companies, digital labs, venture capital firms, regulators and educational entities.

Wednesday, August 7, 2024 - 14:31
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/news/blockchain/ripple-announces-partnership-difc-innovation-hub-accelerate-adoption-blockchain
Financial IT
Global Fintech Investment Falls to $51.9 Billion, but Deal Volume Offers Optimism, Says KPMG’s Pulse of Fintech

The first six months of 2024 were challenging for the fintech market globally amid the high interest rate environment and the significant amount of global geopolitical uncertainty. Total global fintech investment—including VC, PE, and M&A deal value—fell from $62.3 billion across 2,287 deals in H2’23 to $51.9 billion across 2,255 deals in H1’24.

Wednesday, August 7, 2024 - 14:08
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/news/investment/global-fintech-investment-falls-519-billion-deal-volume-offers-optimism-says-kpmgs
Financial IT
Sainsbury’s Partners with NCR Voyix for Exceptional Customer Experience

Sainsbury’s has announced it has chosen NCR Voyix, a global leader in digital commerce solutions, to help transform its shopping experience and support its Next Level Sainsbury’s business strategy. The seven-year agreement expands the UK grocer’s more than 20-year strategic partnership with NCR Voyix.

Wednesday, August 7, 2024 - 13:54
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Financial IT
Cohesity Bolsters Cyber Resilience with GenAI Capabilities

Cohesity, a leader in AI-powered data security and management, has extended its first-mover advantage in GenAI detection and recovery capabilities with the addition of significant new enhancements to the Cohesity Data Cloud. These improvements allow customers to use Cohesity’s built-in AI capabilities to rapidly detect, investigate, and address potential threats within their environment, enabling them to restore operations far more quickly.

Wednesday, August 7, 2024 - 13:48
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/news/artificial-intelligence/cohesity-bolsters-cyber-resilience-genai-capabilities
Financial IT
CIBC to Hire More Than 200 Data and AI Roles to Further Momentum in Delivering for Clients

CIBC today announced plans to hire more than 200 data and AI roles over the next 12 months as it continues to leverage AI capabilities to further execute on the bank's client-focused strategy.

Wednesday, August 7, 2024 - 13:28
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Financial IT
WorldFirst Partners With Walmart for Secure Online Fund Collection

WorldFirst, a one-stop digital payment and financial services platform for global businesses, particularly SMEs in international trade, has worked with Walmart to enable China-based e-commerce sellers to securely collect funds from Walmart Marketplace, accelerating global growth opportunities.

Wednesday, August 7, 2024 - 13:10
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Financial IT
Mox Breaks New Ground as First Virtual Bank in Hong Kong to Open Crypto Investing for Customers

Mox Bank Limited today is making it easier for Mox Invest customers to expand their portfolios with exchange-traded cryptocurrency funds directly on Mox Invest. The service offers a convenient way to gain exposure to the crypto market through a regulated and familiar investment platform without the complexities of managing a personal crypto wallet, making Mox the first virtual bank in Hong Kong to offer crypto-related investment products.

Wednesday, August 7, 2024 - 12:47
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/news/banking/mox-breaks-new-ground-first-virtual-bank-hong-kong-open-crypto-investing-customers
Financial IT
Visa Data Shows Spending at the 2024 Olympic Games is Boosting the French Economy

The biggest share of overseas spend comes from U.S. Visa cardholders, with most significant increases in year-on-year spending from Japan and Brazil.

SAN FRANCISCO Visa, the Official Payment Technology Partner of the Olympic and Paralympic Games, today shared new data revealing initial consumer spending patterns during the kickoff of the 2024 Paris Games.

Paris 2024 Spend by the Numbers

Wednesday, August 7, 2024 - 12:32
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Financial IT

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