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Samsung Q3 Mobile Sales Decline 12 Percent

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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. But competition and marketing expenses will cut into profits, and mobile revenue declined about 12 percent year over year. trillion won ($21.9

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Financial Services Platform SoFi Plans IPO Via SPAC

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billion, with the goal of bringing FinTech businesses to public markets. 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. The deal would give SoFi a post-money valuation in excess of $8.65

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The Bank-FinTech Tie-Up Evolves

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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. Tyfone Connects FIs To Payrailz.

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Swift Prepaid, Bitty Pair Up For Virtual Merchant Cash Advances

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Payments company Swift Prepaid Solutions and small business financier Bitty Advance are collaborating on technology to accelerate small businesses’ access to merchant cash advances. The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay.

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FSB: Tech Giants Will Shake Up Financial Industry

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New entrants into the financial services space, including FinTech firms and large established technology companies … could materially alter the universe of financial services providers,” the FSB said. Many companies have moved into the financial space, including Tencent, Baidu, Google, Samsung, Microsoft, Mercado Libre and Vodafone.

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June’s Top 12 Mobile Pay Moments

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And what better way to mark that milestone than with a monthly recap of the Top 12 news items in one major market in the payments ecosystem: mobile payments. Samsung Pay’s European Debut. On June 2, Samsung Pay officially launched in Spain, bringing the mobile wallet into its first European country.

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Alibaba Acquires EyeVerify

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Passwords could soon become a thing of the past if Ant Financial succeeds in its efforts to bring new authentication technology to market. The acquisition will further the firm’s biometric technology, which will be used to authenticate online transactions using pictures of the human eyeball.

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