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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. 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

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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

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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.

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Hive Project Taps Into Cryptocurrency For Invoice Finance

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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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Banks And The Blockchain Scramble

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PwC writes in its “Global Blockchain Survey 2018” that responses from 600 executives across 15 territories are embracing distributed ledger technology (DLT) with enthusiasm. In the act, too, as the Samsung SDS unit has bowed a blockchain-based certification platform for South Korean banks. Companies have dabbled in the lab,” wrote PwC.

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Swift Prepaid, Bitty Pair Up For Virtual Merchant Cash Advances

PYMNTS

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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