Datavault AI Inc. (NASDAQ: DVLT) announced it has selected Fiserv (NASDAQ: FISV) as its exclusive embedded financial services and payments provider, enabling banking, payment and card program integration across the company's digital marketplaces and exchanges. The partnership, disclosed in a press release, will leverage Fiserv's Embedded Finance platform to support financial transactions on Datavault AI's planned NIL Exchange and patented Information Data Exchange(R).
For athletes using the NIL Exchange, the collaboration is expected to provide payment wallets and debit cards to receive and manage name, image and likeness earnings. Meanwhile, buyers and sellers on the Information Data Exchange will gain access to demand deposit accounts and card capabilities. The companies said the move is designed to embed trusted financial infrastructure directly into Datavault AI's marketplaces, streamlining commerce and expanding access to banking services for platform participants.
The announcement underscores the growing trend of integrating financial services into non-financial platforms, known as embedded finance. By incorporating banking and payment capabilities directly into its ecosystem, Datavault AI aims to simplify transactions for users, potentially increasing engagement and transaction volume. For Fiserv, the deal expands its reach into the emerging digital marketplace and NIL (name, image, likeness) sector, which has grown significantly following NCAA rule changes allowing college athletes to profit from their personal brands.
Datavault AI, headquartered in Philadelphia, describes itself as a leader in AI-driven data experiences, valuation and monetization of assets in the Web 3.0 environment. Its platform serves industries including sports and entertainment, biotech, education, fintech, real estate, healthcare and energy. The company's Data Science division focuses on experiential data perception, valuation and secure monetization, while its Acoustic Sciences division features patented wireless audio technologies.
The Information Data Exchange enables Digital Twins and licensing of name, image and likeness by securely attaching physical real-world objects to immutable metadata. The NIL Exchange is a planned platform to facilitate such transactions for athletes. The partnership with Fiserv provides the financial backbone for these exchanges, potentially enhancing trust and usability.
Investors can find more information about Datavault AI at its website https://dvlt.ai and in its newsroom at https://ibn.fm/DVLT. The full press release is available at https://ibn.fm/SquM9.
