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Canadian digital insurance provider Apollo has raised $18.5 million Canadian dollars (about $13.6 million) to launch a wholly owned subsidiary that will allow Canadians to use buy now, pay later (BNPL) for their insurance premiums.
The company’s new subsidiary, FinShore, provides a fully embedded BNPL option to more than 100,000 Canadians who are insured with Apollo, as well as insurance brokers...
Consumers hate passwords. Fraudsters love them. There might be no better business case for passkeys, which are a biometric, digital alternative to manually selected and stored passwords. Passkeys have also been at the center of recent product introductions from Visa, Mastercard and other payments and financial services companies. The development and usage of passkeys is arguably one of the most...
Businesses, particularly global ones, exist and transact across fragmented payment ecosystems.
Just ask any organization about their cross-border growth plans and how it’s going from a payments perspective: the absence of standardization and interoperability will become immediately apparent.
Against a B2B backdrop of a growing trend toward digitalization and automation in B2B payments, driven by...
After starting the year at a five-year low, France may be in a position to lead venture investment in the EU out of the dark ages. The country has emerged as a rising star in Europe’s active financial technology (FinTech) sector, attracting a surge of venture capital investment that is fueling the growth of startups seeking to disrupt traditional banking.
Riding a $4 billion investment from...
In 1967, it was the Summer of Love. In 2020, it was the summer of COVID-19. When summer 2024 goes in the books — from an economic perspective anyway — it just might be remembered as the summer of the U.S. consumer.
As the banking and payments industry came out of Memorial Day weekend, two reports put a more optimistic spin on summer than recent inflation data would suggest.
As Federal Reserve...
Coming into the holiday-shortened trading week, the CE 100 Index lost 2.4%. All pillars posted declines for the week that ended May 24.
Peloton helped bring the “Be Well” pillar down by 4.5%. The stock’s 19.6% loss came as the company announced a private offering of $275 million aggregate principal amount of convertible senior notes due 2029. The company also said it would enter into a $1...
As we approach the middle of the year, here are five of the major ways that the retail landscape has changed in 2024 so far.
Amazon Pivots on ‘Just Walk Out’
Last month, news broke that Amazon is pulling back on Just Walk Out technology in its own grocery stores, even as it pushes sales of the checkout system to external merchants.
Dilip Kumar, vice president at AWS Applications, argued that the...
The smartphone industry is poised for a seismic shift, propelled by advancements in artificial intelligence (AI).
AI is expected to bring many advanced features to smartphones, fundamentally changing how users interact with their devices. And with advanced features comes growth. According to a recent SkyQuest Technology Group report, the mobile AI market is projected to reach $114.36 billion by...
At Apple’s upcoming developers conference, artificial intelligence (AI) is expected to be the star of the show.
However, Bloomberg News wrote Sunday (May 26), the company has a tough act to follow: selling investors and consumers on the idea that it’s doing exciting things with AI in the wake of big rollouts from Microsoft, Google and OpenAI.
“The big question is whether it really matters that...
Tech workers are scrambling to add artificial intelligence (AI) capabilities to their resumes.
As The Wall Street Journal (WSJ) reported Sunday (May 26), it’s a shift happening as tech companies are also trying to reposition themselves as AI firms, and trying to get their staff to be more savvy about the technology.
“I’ve been leading with an AI-tailored resume for the last two to three months,”...