Remove Cross-Border Payments Remove Innovation Remove SWIFT
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Swift and Google Cloud Join Forces to Combat Fraud with AI Innovations

Fintech News

Swift, the global financial messaging service provider, is collaborating with Google Cloud to develop innovative anti-fraud technologies. Federated learning allows participating institutions to train AI models on their own data and share only the learnings, not the data itself, with a central server managed by Swift.

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Bitso Business Surpasses $12 Billion in Transactions in 2024 and Unveils Study Revealing Stablecoins as the Leading Alternative for Cross-Border Payments

Fintech Finance

Bitso Business the B2B arm of Bitso that provides the infrastructure for the future of cross-border payments releases its 2024 results. The global cross-border payments market, currently valued at $44 trillion, is projected to reach $65 trillion by 2030. trillion by 2030.

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Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

As the global demand for faster, more affordable, and increasingly transparent cross-border payments intensifies, Project Nexus is emerging as a foundational initiative to meet the G20’s ambitious roadmap. What is Project Nexus, and how does it address today’s cross-border payment challenges?

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BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance

Fintech News

The initiative showcases how regulatory requirements can be embedded directly into cross-border payment processes, aligning with G20 priorities to make these transactions faster and more cost-effective. We are optimistic about the potential of these early results to enhance cross border payments.”

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Google Cloud and Swift Pioneer Advanced AI and Federated Learning Tech to Help Combat Payments Fraud

Fintech Finance

To better combat fraud in cross-border payments, Swift, the global provider of secure financial messaging services, is working with Google Cloud to develop anti-fraud technologies that use advanced AI and federated learning. The central server aggregates these learnings to enhance Swifts global model.

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HSBC Bolsters Cross-Border Payment Capabilities in Partnership With Dandelion

The Fintech Times

Following its collaboration with Dandelion, HSBC now offers fee-free transfers to over 100 destinations in more than 60 currencies, providing a seamless, real-time payment experience that bypasses the traditional correspondent banking model. Reliance on multiple intermediaries often led to high costs and longer processing times.

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Empowering Financial Institutions: An Interview with the CEO of Almond FinTech

Fintech Review

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments.