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RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. Why is it important?
one of Europe’s leading financial services providers, reveals digital wallets and Open Banking as pivotal forces set to transform the payments landscape in 2025. The findings reflect an industry-wide shift toward faster, more adaptable payment methods that meet consumer expectations in an increasingly digital economy.
A newly announced partnership between core banking provider Tuum and full-cycle verification platform Sumsub will give banks, fintechs, and financial institutions the ability to streamline customer onboarding and enhance fraud prevention without adding friction to the user experience. Andrew Sever is the company’s Founder and CEO.
In the final quarter of 2024, Aleph , the technology-driven solutions provider enabling the growth of global digital marketing, announced the acquisition of LocalPayment , a fast-growing payment service provider (PSP) in Latin America (LatAm), to bring together local payment capabilities with digital advertising solutions.
APIs have played a central role in the digital evolution of banking. Initially, APIs were point-to-point connectors to enable simple integrations; with rapid innovations, they have now matured into a foundational layer supporting a wide range of use casesfrom customer onboarding and loan origination to card issuance and frauddetection.
Digital wallets, open banking and instant bank transfers are set to become the main forces transforming the payments landscape in the coming year, according to new research by payabl , the European financial service provider. As Europe’s SEPA Instant payment deadline approaches on 9 January 2025, industry readiness remains uncertain.
As 2024 draws to a close, it’s been an eventful year for the payments industry, marked by rapid innovation, unexpected challenges, and evolving consumer expectations. Experts at Aevi , the in-person payment orchestration firm, share their key takeaways, lessons learned, and perspectives on the trends shaping the future of paytech.
From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation. billion payments Coda 2.5 billion payments, gamification Airwallex 5.5 billion insurtech Matrixport 1.05
On the risk and operations side, common uses include frauddetection, anti-money-laundering pattern detection, credit risk scoring and trading optimization. finance leaders cite fraud and risk management as areas in which they use AI. banks face challenges in AI adoption, such as regulatorycompliance and risk management.
A Payment Orchestrator is a service that enables businesses to manage and optimize their payment processing by connecting to multiple payment providers and processors through a single platform. Core Functions of a Payment Orchestrator Here we’ll cover the core functions that drive the core value of payment orchestrators.
As traditional banking processes are replaced by more integrated financial solutions, companies across industries are embedding payment processing, lending, insurance, and investment services directly into their platforms. On the flip side, many institutions are still held back by legacy tech, siloed teams, and regulatory caution.
Digital payments are transforming global financial systems, reshaping how individuals and businesses transact. In the fintech space, digital payments represent a major driver of innovation. By integratingpayment solutions directly into non-financial platforms, companies can offer seamless user experiences.
ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Leveraging machine learning and AI, the platform offers comprehensive monitoring and frauddetection capabilities.
Digital payments are increasingly becoming the norm. According to Forrester’s data, digital payments are the most used payment method today, with 69% of American adults using them to make payments online. Businesses must therefore adapt and be able to accept such payments.
They have been successfully used in cross-border payments, remittances, and payroll for global workforces because they enable instant payouts at rates much cheaper than funds sent via traditional banking rails. Regtech The ongoing fallout from the Synapse failure has created a renewed focus on regulatorycompliance.
Borrowers can now apply for loans, track progress, and make payments through digital platforms and mobile apps, eliminating the need for physical branches and banking hours. Enhanced frauddetection ensures security, while alternative data expands accessibility, especially for those with limited credit history.
Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, risk assessment and fraud prevention. With Secure ID, Cashfree Payments has consolidated all its verification offerings into a single suite, boosting operational efficiency.
However, as the industry flourishes, so inevitably do the risks ranging from fraud to late payments. Affirm has introduced dynamic payment schedules in the US, while Riverty in Germany uses AI-driven tools to predict user behavior and optimize repayment plans. on an annual basis to reach US$560.1 billion in 2025.
Outdated payment systems are insufficient to support the rapid, digital-centric strategies banks now require to flourish. EU banks are particularly aware of this, as they must handle enormous payments. In a world where payment preferences constantly shift, digital transformation is no longer an option—it’s a necessity.
Debit cards are pivotal to a bank’s digital payment mix. With minimal credit and regulatory risks involved, they are safe digital payment facilitators that deliver convenient transactions, freedom from debt, and rewards. Fraud Risk Management (FRM) Banks can mitigate risks and make informed decisions with our FRM solutions.
This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. Continuing our focus on e-commerce and the checkout experience, we now turn our attention to the potential implications of embedded finance for traditional payment processors.
In the rapidly evolving world of online gaming, having a reliable and secure payment gateway is crucial for both gamers and gaming businesses. A gaming payment gateway allows players to make payments seamlessly while ensuring that their financial information is protected. What is a Gaming Payment Gateway?
It encompasses various functionalities, including payment setup, transaction management, settlement & payout management, and customer support integration, all aimed at improving operational efficiency. Self-service capabilities enable merchants to update information, manage payment options, and resolve disputes independently.
During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. consumers using two or more types of digital payment methods increased by 8%. Learn More What are B2B Payments?
Challenges in CBS Implementation While modern core banking marked the dawn of a new era in banking excellence, the implementation and integration processes come with their own set of challenges (discussed below). It ensures banking functions are fully digital and compliant with modern banking standards.
In order to achieve the above, the LOS must feature automated workflows to reduce manual tasks, seamless data integration with existing systems, compliance tools for regulatory adherence, and multi-channel support to engage borrowers across platforms. Lets dive in!
Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like frauddetection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.
Merchant-facing regulation: What merchants need to know in 2025 15 May 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? It outlines ten regulatory changes affecting merchants in the UK and EU between 2025 and 2026. Why is it important? Engage with PSPs and terminal providers to confirm EAA readiness.
InnovateX introduced automated expense approval workflows and anomaly detection. This system flagged an unusual pattern of small, frequent purchases by an employee, uncovering a minor case of expense fraud that was swiftly dealt with. With ever-changing regulations, managing compliance manually is like juggling dynamite.
This method of recording transactions ensures the accuracy and integrity of financial information, providing a clear and balanced view of the company's financial status. For this instance, a given transaction is for a monetary payment from a customer account to ABCDEFGH Software. It asserts the reason behind the transaction.
It also extends across industries, enabling seamless integration of financial tools into everyday activities. With AI being widely adopted for frauddetection, compliance, and customer engagement, banks are focusing on ensuring transparency and accountability. Such hyper-connectivity is not limited to financial services.
This article analyses Revolut’s key growth strategies, regulatory obstacles faced, and its disruption of traditional banks. Early Days and Initial Strategy Founded by Nikolay Storonsky and Vlad Yatsenko in London, Revolut aimed to simplify international payments.
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