Stripe Unveils AI-Powered Financial Tools and Expands Global Payment Capabilities

Stripe showcases money management tools for British businesses

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. UK businesses are now able to: Hold, manage, and spend from balances in multiple currencies in their existing Stripe account, and pay out to customers, contractors, and other third parties in 50 countries with just an email address. Sell cross-border more easily using 25 new payment methods (including UPI in India and Pix in Brazil), collect and file taxes in 102 countries, and present prices in local currencies in more than 150 markets. Benefit from the world's first foundation model for payments, which captures hundreds of subtle signals that previous AI models couldn't, and has already increased Stripe's detection rate for card testing attacks on large businesses from 59% to 97% practically overnight. Embed financial services into their platform or marketplace with Stripe Capital, new Charge Cards with Stripe Issuing, and the upcoming roll out of Stripe Treasury. The company also revealed that it now serves more than 1 million UK businesses and solopreneurs, including 45% of the companies in the FTSE 100. Businesses on Stripe range from AI champions like ElevenLabs and Synthesia and fintech leaders such as Revolut and Monzo, to British institutions like Tesco, Hargreaves Lansdown, and the UK Government. These updates were shared at Stripe Tour London, the company's annual internet economy conference in the UK, where 1,700 founders and business leaders gathered at the Excel. During the event, ElevenLabs cofounder Mati Staniszewski joined Stripe cofounder John Collison on stage to discuss the rapid improvements in AI voice, and how businesses are leveraging this new technology to increase efficiency and accelerate growth. "We're on the cusp of two giant leaps for the economy: stablecoins and AI," said Stripe cofounder John Collison. "Stablecoins are the underdog that everyone's sleeping on, and AI is on the cusp of rewiring how commerce takes place online through agentic transactions. Our intent is to pull the future forward for all of you building on Stripe." Stripe Tour London comes three weeks after Stripe unveiled more than 60 updates to its product suite at Sessions, its annual internet economy conference in San Francisco. These included new money management capabilities powered by stablecoins, and a partnership with Visa to launch the first-ever global card issuing product that will make stablecoin balances as easy to spend as fiat currency.

Stripe Debuts Expansion of Money Movement Capabilities | PYMNTS.com

Stripe has launched what it calls a "major expansion" of its money movement capabilities. It's part of a larger product rollout by the financial services company on Wednesday (May 28), with Stripe also introducing tools to make it easier to trade internationally, while also touting what Stripe says is the world's first artificial intelligence (AI) foundation model for payments. "We're on the cusp of two giant leaps for the economy: stablecoins and AI," Stripe cofounder John Collison said, according to the company's press release. "Stablecoins are the underdog that everyone's sleeping on, and AI is on the cusp of rewiring how commerce takes place online through agentic transactions. Our intent is to pull the future forward for all of you, building on Stripe." According to the news release, Stripe's new offerings now allow businesses in the U.K. to hold, manage and spend from balances in multiple currencies in their Stripe account, and pay out to third parties in 50 countries with just an email address. Businesses can now make cross-border sales more easily with 25 new payment methods (including UPI in India and Brazil's Pix). As for the foundation model for payments, Stripe says this offering "captures hundreds of subtle signals that previous AI models couldn't," and has increased Stripe's detection rate for card testing attacks on large businesses from 59% to 97% virtually overnight. Meanwhile, PYMNTS wrote last month about Stripe's efforts to obtain a special banking charter, and what that means for the larger payments space. "In the current landscape where payment processors want to maximize operations by minimizing costs, while expanding their business models, the lure of processing transactions directly may nudge other acquirers to seek special bank charters, too," that report said. As PYMNTS wrote in an exclusive report, Stripe's application for a Merchant Acquirer Limited Purpose Bank (MALPB) charter has been accepted by the state of Georgia's Department of Banking and Finance, paving the way to obtain direct membership in the U.S. with Visa and Mastercard and to process payments without a sponsoring bank (known as a BIN sponsor). "That last point -- the ability to process payments directly -- allows the acquirer to have a more significant financial stake in processing debit and credit card transactions for merchants, as it saves money on the bank fees that would be paid to banking partners," the report added. "Stripe had noted to PYMNTS that it would not look to displace banking relationships it has already forged."