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APAC Sees 23% Decline in Crypto Fraud

Fintech News

According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud. The rise of document-free verification The Sumsub report also highlights the rise of document-free (non-doc) identity verification. in 2023 to 2% in 2024.

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The future of payments: Key trends that will shape 2025

The Payments Association

From pay-by-bank solutions to futuristic voice-activated payments, 2025 promises to bring significant advancements. Open banking, or pay-by-bank, is another trend to watch. This is driven in part by regulations like the Instant Payment Regulation (IPR), which enforces real-time bank transfers.

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What Canadian Merchants Need to Know About International Payment Processing

Clearly Payments

For instance, while credit cards are popular in North America, regions like Europe favor bank transfers, and digital wallets are dominant in Asia. Payment processing and data handling rules vary by country, and non-compliance can result in fines or a loss of customer trust.

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RT2: A strategic transformation for UK payment providers

The Payments Association

According to the Bank of England, RTGS settles approximately £500 billion between banks each day—around a quarter of the UK’s annual GDP—in sterling central bank money. Democratised access will foster fintech-bank collaboration, driving innovation. RT2 is substantially expanding direct participation.

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The Ultimate Guide to Ecommerce Payment Solutions

Stax

Its the bridge between an eCommerce website, its customers, and the bank. Its the third-party service that serves as the link between the payment gateway, acquiring bank, and issuing bank or card network. It works in tandem with the customers bank or credit card provider to verify and authorize the transaction.

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Finance AI Chatbots for Businesses

The Finance Weekly

Fraud Detection and Prevention With advanced algorithms, the best AI chatbot for finance can identify unusual transaction patterns or potential fraud. Real-time data consolidation and anomaly detection. Cons May not suit non-CFO departments. Banking-specific large language model. Employee intelligence tools.

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2025 Isn’t About Experimenting with AI – It’s About Winning with AI, Says Temenos

The Fintech Times

As technologies like cloud computing and artificial intelligence (AI) become more accessible, banks in 2025 will face a new challenge. ’ One company that is well-placed in this banking evolution is Temenos , the core banking solutions provider. How will banks utilise AI in 2025? The result? The impact?

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