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Indonesian FinTech LinkAja Closes $100M Series B Led By Singapore Super App Grab 

PYMNTS

Indonesian FinTech LinkAja closed a series B funding round led by Singapore super app Grab, with participation from Telkomsel, BRI Ventura Investama and Mandiri Capital Indonesia. . “We LinkAja is among the only FinTech startups created by BUMN. We are very enthusiastic about joining Grab as one of our shareholders.

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Amex, Santander Explore FinTech Using API

PYMNTS

American Express has filed for a blockchain-based proof of payment technology, and Santander U.K. At the same time, they are facing new competition from smaller, nimbler financial technology upstarts that are, in some cases, able to move on a dime to reach customers that traditional banks are often unwilling – or unable – to do business with.

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FinTech Oxygen Introduces eBanking Solution For Gig Economy

PYMNTS

By using digital technology and tapping the right network of industry leaders, he was able to create a banking platform for people in situations like he was as a consultant. workforce by 2027. Ahmed launched Oxygen when he encountered banking problems while running a freelance consultancy business.

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Real-Time Payments Have Numerous Real-World Applications

PYMNTS

Earlier this month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payments technologies to the community banks. workforce in Q4 2018, a number that’s expected to tip over to a majority share by 2027. Adoption depends greatly on partnerships to make RTP more accessible. percent of the U.S.

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What could R3’s DLT-based platform mean for global payments?

NCR

The debate surrounding blockchain – or more specifically distributed ledger technology (DLT) – and its viability for widespread rollout across the global financial system rumbles on, but it seems that we are beginning to see clearer signs of how this area of innovation could have a real impact on the industry.

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Tech Cos Confront The Ethics Of AI

CB Insights

According to CB Insights data, the top three industries that have seen the most AI deals in the last five years are healthcare, security, and fintech. Google employees and outsiders have raised ethical concerns that Google’s AI technology could be used to kill people. Healthcare.

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Legacy Banks Embrace APIs To Counter Competitive Cycle

PYMNTS

Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market. The report showed that investments hit a record $27.4