Category: Financial Services

The move aimed at enhancing the bank’s data-driven services by integrating advanced artificial intelligence (AI) technologies and predictive analytics to provide greater value to customers and streamline internal processes. BBVA explained that the new unit combines generative and predictive AI to use historical data for future trend forecasting. This is with the aim of accelerating…

The payments giant said in a release Thursday that it indicates a consumer base willing to spend, albeit with a focus on value.  The data aligns with Visa's recent holiday spending report, which recently reported a 4.8% year-on-year increase in holiday retail spending across the United States. Mastercard said online shopping remained a strong preference,…

In a press release this week, the payments giant explained the data reflects total spending from all payment methods, including cash and cheque, over a seven-week period starting on 1 November 2024. The findings highlight a potential resurgence in consumer confidence and adaptability among retailers. Wayne Best, Visa’s chief economist, noted: “This spending growth demonstrates…

The deal will see Fiserv pay C$201.5 million ($140 million) for the company and is expected to close in the first half of 2025. Payfare’s offerings, which include card program management, a white-label consumer app, and a microservices orchestration layer, are expected to bolster Fiserv’s embedded finance capabilities.  Fiserv added that the solutions complement its…