Category: digital currencies

OpenAI will use Stripe Inc. to take payments and subscriptions for its artificial intelligence tools ChatGPT and Dall-E, which it’s trying to monetize after capturing the public imagination. The firm, which launched the latest version of its technology named GPT-4 this week, said Stripe will provide billing and checkout features for payments, as well as its automation…

LONDON — Consumers continue to utilize embedded payment options regularly— from Amazon purchases to digital wallets and even the Starbucks app. “It’s predicted that 74% of digital consumer payments globally will be conducted by platforms (from) nonfinancial institutions by 2030,” Martin Hyde, EMEA partnerships lead at JPMorgan Chase payments, said Wednesday at the FinovateEurope event…

If you need a break from bank failure news, here’s something refreshing. OpenAI’s GPT-4 was released yesterday. The new model is the successor to GPT-3.5-turbo and promises to produce “safer” and “more useful” responses. But what does that mean exactly? And how do the two models compare? We’ve broken down six things to know about…

There are many reasons to modernize your commercial lending technology. Make 2023 a year of transformation for these core reasons: Enabling a digital omnichannel experience One loan system for multiple lines of business Real-time access to data System agility to grow These all support the main priority—improving the customer experience. Consumer businesses know the importance…

Winds of more than 60 mph tossing 787s around like paper planes. A wave of multi-industry strikes sending parents, patients, and passengers scrambling to reroute plans and rearrange schedules. There is no doubt that the attendees of FinovateEurope 2023 have had more than their fair share of challenges to make it to the Intercontinental O2…

Auto Finance News, a sister publication of Bank Automation News, is pleased to announce that applications are now open for the 2023 Demo Challenge, which will take place at the Auto Finance Summit East on May 10-12 in Nashville, Tenn. The sixth annual Demo Challenge offers startups in financial services and automotive to showcase their technology before of…

Sezzle announced plans to publicly list on the Nasdaq by the end of September. The company will continue to sell common stock on the Australian Stock Exchange. The news comes two years after Sezzle’s original announcement of plans to publicly list in the U.S. Buy now, pay later (BNPL) technology provider Sezzle announced on Monday…

This is a sponsored blog post by Delaware Prosperity Partnership Delaware’s status as a hub for financial services dates back to the early 1980s, when state leaders enacted the Financial Center Development Act to welcome out-of-state banks and attract new investments. Today, financial services is the state’s largest traded sector. In Wilmington alone, nearly 170,000…

In the wake of Silicon Valley Bank’s failure, several fintechs are looking at the effects of SVB’s collapse on the market, regardless of whether they had accounts with the bank.  Money movement platform Astra did not have deposits with SVB, but Chief Executive Gil Akos believes that even companies that did not have exposure will…

Adoption of embedded banking by both businesses and customers is on the rise, and it is helping to reduce the risk of payment fraud along the way.  For consumers, tokenizing user credentials for their protection is a benefit; meanwhile, businesses gain security by using integrated systems to accept payments safely, Bennie Pennington, vice president of…