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BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance

Fintech News

The project reached proof of concept by automating compliance procedures, addressing a critical challenge faced by global financial systems: the need to adhere to multiple regulatory standards across jurisdictions. This project serves as a critical building block for further advancements in cross-border payments.

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Antom Upgrades Antom Copilot AI with New Payment and Chargeback Tools

Fintech News

One of the key additions is the Chargeback AI Assistant, aimed at addressing issues in dispute resolution and revenue recovery, particularly for small and medium-sized businesses. Antom noted that nearly half of its SME clients do not actively respond to chargebacks.

AI 71
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Chargebacks: A Survival Guide

Cardfellow

Once a customer has disputed a charge, a your acquiring bank will begin going through a specific procedure to resolve the issue. Every acquiring bank has its own specific procedure for handling chargebacks, but they’re all governed by the framework set up by the card brand.

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RT2: A strategic transformation for UK payment providers

The Payments Association

Where the previous RTGS operated as a single system requiring complex restart procedures for recovery, RT2 introduces significant architectural improvements. It addresses growing needs for resilience, speed, and innovation across the payments landscape.

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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Businesses must proactively assess fraud risks, implement adequate procedures, leverage technology for fraud detection, and foster a culture of compliance to avoid regulatory penalties. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. What’s next?

Crime 88
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How Antom Helps Merchants Thrive in Southeast Asia and Beyond

Fintech News

It streamlines digital wallet payments procedures by enabling seamless transactions directly on the merchant checkout page, eliminating the need to redirect users to their wallet app. Leading the Future of Payments Source: Freepik Antom’s offerings extend beyond payments to address broader business needs.

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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

Generative AI also addresses training challenges for AI models. Moreover, synthetic data can address issues of data bias, as generative AI can create more balanced datasets that reflect a broader range of scenarios. Likewise, AI-generated speech samples enhance voice recognition, distinguishing genuine users from impersonators.

Privacy 88