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Banking was singled out as leading all industries in GenAI integration, with the most use cases deployed per organization (on average). A recent survey from SAS underscores that financial institutions lead in integrating AI into operations. Almost every bank is at least planning for GenAI.
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It has been a busy first month of the year for the certified payment technology provider, DECTA as it announces a new partnership with Urbo Bank and achieves an EMV 3DS 2.3.1.1 To achieve this, a reliable payment processor is required to handle the entire card-issuing process. Certification.
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The announcement was made at the Singapore Fintech Festival 2024 (SFF 2024) , where Brankas unveiled the platform that integrates its API suite with ADVANCE.AI’s electronic Know Your Customer (eKYC) technology. Brankas’ platform addresses key compliance requirements such as API standardization, authentication, and encryption.
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.
Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, riskassessment and fraud prevention. The announcement was made at Global Fintech Fest , in the presence of G Padmanabhan , former RBI executive director.
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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.
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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!
Operational Inefficiencies Instances of fraud often trigger a chain reaction of operational inefficiencies, marked by labor-intensive manual reviews conducted by sizable teams of fraud analysts. Such instances erode trust and undermine the perceived reliability of a company’s frauddetection systems.
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Spave: Combines spending and saving in one app, experiencing steady user growth, recently integrated with major banking platforms. mmob: Raised $6.2M, smart integrator platform for fintech services, gaining strategic partnerships, recently launched new features.
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Payment gateways are an integral part of the digital economy, acting as the bridge between merchants and financial institutions to authorize online transactions. This article explores the evolution of payment gateways, from clunky legacy systems to todays efficient cloud-based solutions. But many existing systems couldnt adapt.
Payments regulation roadmap: Q2 2025 14 April 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is the roadmap about? It provides a structured view of the regulatory developments set to shape the payments sector from Q2 2025 onwardsacross the UK, EU, and international markets. Why is it important?
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