Discover the Power of Instant Payments
Vacuumlabs
Product development services with a focus on fintech - encompassing strategy, design, engineering, and data science.
Just as spring brings the blooming of flowers, fintech is blossoming with innovation and growth. ??
In 2023, we saw a dramatic surge in digital wallets and instant payment services, transforming how we handle monetary transactions. This financial evolution is not just about technology but real-life impacts.
?? Where can we see them?
?? What are the benefits of instant payments?
Businesses use instant payments to reduce costs (48% ) and provide flexibility to pay and be paid as customers prefer (39%).
?? The young generation loves innovations.
With a majority of Generation Z and millennials using digital wallets, it's clear that the future of payments is mobile. Mobile payments are convenient for 80% of them.
?? Future Outlook:
The increasing demand shows a bright future for instant payment systems, enhancing both user convenience and financial efficiency. ?
?? A key update starting in 2024:
The European Council adopted a new regulation (the Instant Payments Regulation) enabling consumers and businesses in the EU and EEA to receive instant payments in euros. This major shift highlights the urgency for financial institutions to prepare now.
Vacuumlabs understands the pressure of tight deadlines and is ready to assist your team. Feel free to contact us if you need assistance or consultation. We're here to support your seamless transition.
Client announcement ??
We’re happy to announce our ongoing work with the U.S. Steel Kosice, the largest steel manufacturer in Central Europe. Vacuumlabs is leveraging existing data to streamline operations, focusing on using data science and machine learning to reduce costs and minimize waste. The goal is to transform collected data into actionable insights that can lead to new revenue streams and more efficient production methods.?
Through a detailed analysis of manufacturing data and the development of machine learning models tailored to specific machines, Vacuumlabs is creating a proof-of-concept model to predict and identify potential manufacturing errors in real-time.
?? Blossoming Innovations in Instant?Payment System?
??Mastercard and PrestaShop Enhance Online Payments with Click to Pay
Click to Pay solution eliminates the need for entering card details or remembering passwords, ensuring secure and streamlined transactions.
?? AppTech Payments Completed the Pilot of its BaaS Platform
The company will use the BaaS solution for the commercial launch of InstaCash , a real-time pay-by-bank transaction system.
?? Paysafe launched Pay by Bank for iGaming
This solution allows U.S. bettors to transfer funds to and from their gaming accounts via direct bank transfers .?
?? Visa Introduced Seven Consumer Payment Products
These seven new products combine identity with payments for consumers, merchants, and banks to create an efficient, secure, and seamless digital payment experience.
领英推荐
Use of AI to Improve Business ??
?? Pagos Launched an AI-powered Tool for Commerce Businesses
Pagos Copilot helps finance, product, and payments executives build strategic action plans based on real-time and historical payment data.
?? Klarna Says 90% of Its Employees Use Generative AI Daily
Communication (92.6%), marketing (87.9%), and legal (86.4%) are the non-technical groups using generative AI the most at the company, Klarna said .
A survey by Deloitte found that 61% of computer users use generative AI programs in their day-to-day work.
Wondering How to Get Clarity and Control with AI Technologies?
Our AI specialists have been hard at work preparing the insights, tools, and strategies for you to help grow your business.
We offer a structured program for your business to ignite your AI research and development, providing guidance and resources every step of the way.
Let us introduce you to our tailored services:
? Oasis AI Lab : Our 2- to 3-month program guides you from initial idea to proof-of-concept. ?
?AI Agents : This offering is designed as next-generation AI support bots, operating as swarms or teams of AI agents orchestrated with traditional code to achieve business objectives.?
??Follow us on LinkedIn so you don’t miss the important information.
Do you have questions? Marcel Klimo, Head of AI Research & Development at Vacuumlabs is ready to answer them all. ??
We are happy to announce that Marcel Klimo , our Head of AI R&D, will be the speaker at Forbes Business Fest , where he'll be debating whether artificial intelligence should be regulated or allowed to evolve without interference.
??Join us at the biggest business festival in Slovakia with more than 1,500 guests from different business areas.?
??? With a rich calendar of fintech events and networking opportunities with industry leaders, there is always something to keep you entertained. Let's have a look at the upcoming top fintech events where you can meet us:
?? Money20/20 Europe : The largest fintech event on the continent will take place in Amsterdam, from 4-6 June 2024.?
??Fintech Week London : A week-long series of events that highlight and celebrate London's innovative fintech scene. From 10-14 June 2024.?
Have any questions or would like to chat with us before the event??Feel free to message us. We're excited to see you there!
If you enjoy our newsletter, subscribe , share it with your colleagues or/and leave us a comment! ?? See you next time!