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Affirm and Shopify Join Forces to Launch Shop Pay Installments in New Global Markets
Affirm and Shopify have expanded their partnership to enhance payment flexibility for consumers and merchants. Affirm will serve as the exclusive pay-over-time provider for Shop Pay Installments in the U.S. and Canada, with plans to expand to the U.K. and other markets. This collaboration aims to provide merchants with diverse payment options, improving the shopping experience. Affirm’s buy now, pay later solution offers flexible payment plans with no late fees and interest rates as low as 0% APR. Both companies are committed to empowering merchants and meeting the growing demand for flexible payment solutions globally.
Transforming Finance: 83% of Firms Embrace Generative AI with Plaid Pioneering IDV Innovation
Plaid has launched significant upgrades to its identity verification (IDV) product to combat the rising threat of AI-enabled fraud. The enhancements, announced on May 13, include tools for deepfake detection, synthetic media recognition, facial duplicate identification, age estimation, and adaptive verification flows. These features aim to streamline verification for low-risk users while increasing scrutiny for high-risk individuals. As financial institutions adopt AI, the risk of fraud has escalated, prompting a need for robust identity verification tools. Plaid’s upgrades come amid a 400% surge in IDV usage and a $575 million funding round to expand fraud prevention capabilities.
Revolutionizing Legacy Core Systems: 10x Banking Launches Innovative AI Suite
10x Banking, a leading UK FinTech, has launched an AI-powered suite of tools to transform core banking operations. This suite enhances their 10x meta core platform, enabling banks to improve efficiency and customer experience while addressing challenges posed by legacy systems. Research shows that only 32% of banks use AI in core operations, with integration difficulties being a major barrier. The AI suite includes tools like AI Migrate for data mapping, AI Build for product development, and AI View for real-time insights. These innovations allow banks to launch products quickly, access real-time data, and process transactions significantly faster.
Unlock New Trading Potential: Interactive Brokers Upgrades IBKR Desktop with Game-Changing Features
Interactive Brokers has launched significant updates to its IBKR Desktop trading platform, enhancing user experience for both novice and experienced traders. Key features include multi-monitor support for improved workflow, the ForecastTrader for speculating on global events, and 24/7 access to over 10,000 US stocks and ETFs for responsive trading. The platform also introduces advanced screening tools and sound-enabled alerts for real-time market updates. These enhancements reflect Interactive Brokers’ commitment to providing a sophisticated trading experience with robust tools and customization options. Steve Sanders emphasized the platform’s design for traders at all experience levels. Further details can be found on their website.
Protecting Your Business: How Adverse Media Screening Safeguards Against Emerging Threats
Adverse media screening has evolved beyond the banking sector to become crucial across various industries, aiding in anti-money laundering, fraud prevention, and regulatory compliance. This practice enables organizations to proactively manage risks like supply chain disruptions and geopolitical instability. Real-time risk intelligence enhances decision-making and operational stability while protecting reputations by identifying associations with controversial entities. As regulatory standards increase, industries such as pharmaceuticals and energy face complex compliance challenges that adverse media screening can help navigate. The ongoing conflict in Ukraine emphasizes the need for robust risk management, highlighting the importance of advanced intelligence tools for operational resilience.