Top FinTech News for Tech Leaders
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A Look at the Leading Fintech Events in London (June 24, 2024)
London's fintech scene is set to sizzle with an array of events that promise to meld the best of innovation, regulation, and networking. The highlight of the season, FinTech LIVE London, scheduled for October 22-23, 2024, stands as a beacon for industry leaders. This year, it not only connects professionals across borders—virtually and physically—but also introduces the prestigious Global FinTech Awards, spotlighting achievers who are reshaping the financial services industry.
In a striking move to streamline payment processes for software startups, Payabli, co-founded by seasoned entrepreneurs Joseph Phillips and William Corbera, is redefining the fintech industry. Leveraging their extensive background in payment systems, Phillips and Corbera have introduced a suite of payment management tools designed to facilitate seamless payment acceptance and issuance for software companies, reducing the traditional administrative and financial burdens associated with becoming a payment facilitator. With its innovative API-driven solutions, Payabli not only offers standard payment functionalities like scheduling and invoicing but also provides advanced services in risk and fraud mitigation, compliance, and vendor payments via virtual cards and bank integrations.
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Apple Inc. has decided to shelve the launch of its new AI-driven features in the European Union this year, pointing to stringent requirements under the EU’s Digital Markets Act (DMA) that, according to the company, could compromise product security and user privacy. Announced during its Worldwide Developers Conference, Apple's latest innovations, including Apple Intelligence, iPhone Mirroring, and SharePlay Screen Sharing, will not see a release in the EU. The tech giant raised concerns that the DMA's interoperability mandates might degrade the security and integrity of its products.
In its latest Business Barometer report, Lloyds Bank reveals a dip in UK business confidence, which slid 9 points to 41% in June after peaking the previous month. This decline brings confidence levels back in line with the consistent readings of Q1 2024. Although confidence in trading prospects and economic optimism has moderated, they remain significantly above the long-term average, indicating a persistent positive business sentiment. The report underscores diverse regional shifts, with notable growth in optimism in the North but declines in the South and East. Employment and wage growth expectations have also softened, yet still sit above pre-pandemic levels, hinting at a cautious yet hopeful business landscape as firms navigate the remainder of the year.
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