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Samsung Q3 Mobile Sales Decline 12 Percent

PYMNTS

Samsung Electronics smartphone sales will increase in the holiday shopping season, with the general trend lasting into 2019, the company said when announcing its Q3 results. AI-based automation will enable Samsung to introduce new services in the 5G era, such as industrial Internet of Things (IoT) and connected cars.

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Financial Services Platform SoFi Plans IPO Via SPAC

PYMNTS

SoFi’s technology platform Galileo , which it acquired in April, has helped position the startup at the nexus of the digital transformation in banking and financial services. SoFi partnered with Samsung and Mastercard to launch a new cash management account feature with no fees. The deal is anticipated to provide as much as $2.4

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The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Bottomline Rolls Out Open Banking Service.

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Hive Project Taps Into Cryptocurrency For Invoice Finance

PYMNTS

We want to help small businesses solve their liquidity issues by leveraging blockchain technology to provide financing options previously only available to large companies,” the firm’s CEO and Co-Founder Jure Soklic said in a statement. The sale will last six weeks, it said.

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Q&A: The Next Leg Of Fintech Innovation

CB Insights

Our recent webinar — The State of Fintech Q2 2020: Funding Rebound Reveals the Next Leg of Fintech Innovation — highlighted key fintech trends and deals from the second quarter of 2020, including the rise of embedded fintech applications and demand for digital banking services. Free Download: State of Fintech q2’20.

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June’s Top 12 Mobile Pay Moments

PYMNTS

Samsung Pay’s European Debut. On June 2, Samsung Pay officially launched in Spain, bringing the mobile wallet into its first European country. Samsung Pay is the first mobile payment service of its kind to be launched in Spain, giving it a head start in the market over Apple Pay and Android Pay. ” RIP CurrentC.

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The Big Sizzle: Winning Week For Wearables

PYMNTS

Wearables also got a B2B showcase this week, with Samsung and HSBC rolling out S3 gear at the bank’s flagship Fifth Avenue location. The plan, HSBC and Samsung jointly confirmed in a press briefing, is envisioned for wider rollout in the U.S. and globally, though an official timeline has not been set.

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