Datavault AI (NASDAQ: DVLT) announced that Fiserv will serve as its exclusive embedded financial services and payments provider for the company’s digital marketplaces and exchanges. Through Fiserv’s Embedded Finance platform, Datavault AI will integrate banking, payment and card programs into its ecosystem, supporting financial transactions across platforms including its planned NIL Exchange and patented Information Data Exchange®.
The partnership is expected to provide athletes participating in Datavault AI’s NIL Exchange with payment wallets and debit cards to receive and manage name, image and likeness earnings, while buyers and sellers using the Information Data Exchange® will gain access to demand deposit accounts and card capabilities. The companies said the collaboration is designed to embed trusted financial infrastructure directly into Datavault AI’s marketplaces, streamlining commerce and expanding access to banking services for platform participants.
This move is significant as it brings traditional banking services into the rapidly growing digital marketplace and NIL (name, image, likeness) space. For athletes, particularly college athletes who have recently gained the ability to profit from their NIL, having integrated payment wallets and debit cards simplifies how they receive and manage their earnings. For buyers and sellers on the Information Data Exchange®, having demand deposit accounts and card capabilities within the platform could reduce friction in transactions and increase trust.
Datavault AI’s platform serves multiple industries, including high-performance computing software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange® enables Digital Twins and the licensing of name, image and likeness by securely attaching physical real-world objects to immutable metadata, fostering responsible AI with integrity.
The partnership with Fiserv, a global leader in financial services technology, provides Datavault AI with a robust infrastructure to handle financial transactions securely and efficiently. This could position Datavault AI to attract more users to its marketplaces by offering a seamless financial experience.
For the broader industry, this partnership highlights the growing trend of embedded finance, where non-financial companies integrate financial services directly into their platforms. This can lead to increased user engagement and new revenue streams. As digital marketplaces expand, the ability to offer integrated banking and payment solutions may become a competitive advantage.
To view the full press release, visit https://ibn.fm/SquM9. The latest news and updates relating to DVLT are available in the company’s newsroom at https://ibn.fm/DVLT.
