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Neobank Joust Raises $2.6M To Improve Freelancer Payments

PYMNTS

“Freelancers require credit and banking products that mirror the user experience of the consumer market but [offer] the product sophistication of the small business market,” said Dave Fields, founder and managing partner of PTB Ventures. Existing financial market infrastructure just isn’t built to provide this bundle.

Payments 143
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Report: Tokenization And Data Vaulting Take The Sting Out Of PCI Compliance

PYMNTS

Many firms are turning to payments orchestration providers, equipped with tokenization and data vaults, to help manage their compliance operations. billion by 2027, propelled by a compound average growth rate (CAGR) of 25.7 The global tokenization market is even expected to reach $6.8 percent over the next seven years.

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Fidor: How Cloud-Based Banking Helps With Compliance

PYMNTS

The bank has given itself a two-year extension on this deadline due to the ongoing pandemic, meaning it is expecting to become a fully cloud-native bank by 2027. It is therefore essential to have tools in place that can help manage this influx of mainly digital customers.

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How Retailers Could Turn Smart Vending Into A $15B Market By 2025

PYMNTS

The projected CAGR of the global interactive kiosk market from 2019 to 2027 is 6.1 From parking to frozen yogurt, retail verticals of all sorts are experiencing disruption through innovative technologies such as apps and unattended retail.

Retail 177
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Amex, Santander Explore FinTech Using API

PYMNTS

Among traditional players, some of the more innovative companies are leveraging their large customer bases to incorporate this technology into their portfolios, thus allowing customers to engage in transactions that would otherwise become out of reach, both for the customer and the financial institution. In another example, Santander U.K.

Fintech 117
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Mastercard: Using AI To Cure Healthcare’s $240B Fraud, Waste And Abuse Problem

PYMNTS

By the year 2027, the expectation is that those costs will have swelled to $6 trillion annually or roughly $17,000 per citizen or 19 percent of the GDP. And they are spotting on average 2-3 times more fraud that has managed to slip under the radar, in some cases for years. Healthcare in the U.S. is a massive industry.

Fraud 216
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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.