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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.
Swift , UBS Asset Management , and Chainlink have successfully completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. The pilot used existing Swift infrastructure which enables end-to-end payment orchestration capabilities to settle fund subscriptions and redemptions.
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. Our collaboration with Swift exemplifies the transformative potential of federated learning and confidential computing.
Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. This is an example of how the scale of the Swift network can be leveraged to interoperate market infrastructures to enhance the user experience.
Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.
Speaking about the companys consistent growth, Kamal Hasanov, Group CEO- Guavapay said, Customer centric technology innovation at Guavapay has been central to our growth. The post Guavapays Transforming All Things Payments with Technology Innovation appeared first on FF News | Fintech Finance.
Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. They will be granted access to the Swift Challenge sandbox environment.
As digital payment methods continue to evolve, UK consumers and businesses are increasingly seeking more innovative and flexible payment solutions. However, delays in bank adoption are preventing businesses from fully leveraging these innovations.
This collaboration further strengthens Payhawk as a financial institution and demonstrates a mutual commitment to technological innovation. Morgan Payments to Boost Payment Innovation for Payhawk’s Enterprise Customers appeared first on FF News | Fintech Finance. Morgan Payments. The post Payhawk and J.P.
SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. SWIFT said its platform will improve interactions between financial institutions, optimize speed and provide transparency and predictability from one account to another anywhere.
Discussing interoperability in the face of fragmentation within cross-border operations, Susana Delgado, Global Head of Market Intelligence & Engagement, Swift joined the FinextraTV studio at EBAday 2025.
The collaboration progresses a strategic relationship the two organisations announced in October 2022, and reflects a commitment by Swift, GSS and the GSS Advisory Board, comprising 35 of the world’s leading financial institutions, to reduce inefficiency in the global payments ecosystem.
Swift, the global financial messaging cooperative, has announced two AI-driven experiments in collaboration with member banks to combat cross-border payments fraud which could potentially save the industry billions in fraud-related costs. That’s an incredibly exciting prospect, but one that will require strong collaboration.
In the dynamic financial landscape of the Asia-Pacific (APAC) region, private banks, asset managers, fund managers, and other capital market participants are increasingly recognising the pivotal role of Swift connectivity. March 2023 marked the start of the migration with a coexistence period with MT messages.
The innovation helps enable travelers to add funds to their TourCard digital account with Bank of Shanghai from another source, helping to make the payment experience smoother when settling expenses locally. This innovative product we developed with Citi enriches the top-up channel of TourCard.
Castries, Saint Lucia, April 7th, 2025, FinanceWire PrimeXBT , a regulated multi-asset broker, has integrated Neteller, a globally recognized e-wallet provider, and SWIFT, a leading wire transfer network, to provide secure and flexible payment options to traders worldwide.
Swift, the global financial messaging network, will launch live trials of digital asset and currency transactions in 2025. Banks in North America, Europe, and Asia will participate, using Swift ’s platform to conduct transactions involving both digital assets and traditional currencies.
billion mobile wallets worldwide using their existing Swift connectivity. Payments initiated over Swift will reach TerraPay’s system efficiently and transparently from account to wallet, utilising Swift’s transaction tracking capabilities. Swift connects more than 11,500 financial institutions in over 200 countries.
The project’s system architecture integrates both new digital asset frameworks and traditional financial networks, such as SWIFT, allowing it to function within various financial infrastructures.
Trovata , the pioneering force in corporate bank APIs, announces a new collaboration with Swift , the world’s leading provider of secure financial messaging services, which will extend the benefits of Swift’s tracking capabilities to more businesses through API connectivity.
billion mobile wallets around the world using their existing Swift connectivity, enhancing the cross-border payments experience for businesses and consumers. Swift connects more than 11,500 financial institutions in over 200+ countries. We estimate that we are reaching 600m unbanked consumers.”
Akurateco , a global payment software provider with a strong presence in the MENA region, has joined forces with Dinero Pay , a rising Payment Service Provider (PSP) in Saudi Arabia, to drive innovation in the rapidly evolving mobile payments sector. Central to the innovation is the use of network tokenization technology. through 2033.
Swift today announced that it is rolling out new AI-enhanced fraud detection to help the global payments industry step up its defence as bad actors grow increasingly sophisticated. Available from January 2025, the service is the result of extensive collaboration with banks from around the world and a successful pilot earlier this year.
Kamal Hasanov , group CEO of Guavapay “Customer-centric technology innovation at Guavapay has been central to our growth,” explained Kamal Hasanov , group CEO of Guavapay. The post Guavapay Attributes Global Growth in 2024 to Customer-Centric Technology Innovation appeared first on The Fintech Times.
Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network. For more information on how to connect to Nium via Swift, visit here.
Kate Frankish , chief business development officer and anti-fraud lead at Pay.UK, discussed the success: “The positive results from this pilot demonstrate the importance of innovation and cross-industry collaboration in developing effective solutions to stay ahead of fraudsters and protect people in the ever-changing payments landscape.
Its Universal Product Engine allows us to create Sharia-compliant products with precision and swift responsiveness to evolving customers’ needs. This milestone underscores our unwavering commitment to empowering financial institutions to innovate, grow, and outperform in their markets.
Numeral , the payment technology provider, and HSBC Innovation Banking UK , the banking partner to innovators and their investors, today announce a collaboration to enable innovative companies to embed HSBC Innovation Banking UK’s payment and account services via Numeral APIs.
What innovations make Almond FinTech’s platform unique from other cross-border payment solutions in the market? Our SOE technology has also been recognized widely for its innovation, winning multiple awards including CrossTech’s “Pioneering Global FinTech” award. To date, over $2.5M
SPaN will work closely with the industry to enhance governance of national and cross-border payment schemes, support ongoing innovation, and foster collaboration across financial institutions. Its founding members include MAS and Singapore’s Domestic Systemically Important Banks (D-SIBs).
PayFuture can offer instant, direct SEPA and SWIFT access, issue e-money, provide IBAN accounts along with a broader suite of localised payment solutions. These capabilities will help merchants streamline their international transactions, reduce friction in cross-border payments, and accelerate growth in new regions.
Enter fintechs, like the Philippines-based Salmon, who leverage agility, talent, and innovation to not only compete and collaborate with banks, but acquire banks and transform into full-fledged financial institutions. Oradian can enable swift entry into any market, including those that have been historically underserved.
Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments. Value-added services tailored for a bank’s unique needs, including innovative risk control services and fraud analytics.
Mastercard and Jeel a subsidiary of Riyad Bank are joining forces to enable digital and cutting-edge solutions such as AI to drive innovation in Saudi Arabia. It empowers non-banking financial institutions to bring innovative products to the market swiftly and efficiently with greater ease and peace of mind.
Featuring presentations led by EFTCorp’s team alongside an address from a representative of the Zambian Ministry of Technology and Science, the event brought together leaders and innovators from Zambia’s banks, microfinancers, and fintech sector.
Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. Moving Beyond ACH . There need to be governance models.
A Digital Revolution Rooted in Innovation One of Piyush’s most significant contributions was his early recognition of digital bankings potential. He had pushed the bank to earn global recognition as the Worlds Best Digital Bank multiple times and set the gold standard for innovation in the sector. He didnt just change DBS.
At The Fintech Times we frequently encounter companies touting their latest products as ‘innovative’ that promise to ‘revolutionise’ the industry. Following the event, however, the question of innovation or evolution stood out. We’ve been saying that at conferences I’ve been to for the last six/seven years.
To better understand the role collaboration plays in driving innovation within fintech and banking, we hear from Jackie Toole , vice president of financial services at NTT DATA Services , who offers her expertise on the topic. Despite this, both parties stand to gain a lot when it comes to partnering with one another.
The UAE is committed to sustainability and digital transformation, with initiatives like Abu Dhabis Vision 2030 and the Dubai Plan 2021 driving innovation and growth. “ Khalil Alami, Founder and CEO of Telr , said: “Telr is committed to leading digital payment innovation and redefining the e-commerce landscape in the UAE.
MuchBetter , the award-winning fintech innovator, has introduced a next generation business account offering, MuchBetter Business (MBB). T emenos powers over 950 banks globally and is recognised for its expertise in SaaS banking. says Gary Hill, CIO of MuchBetter.
Committing to Patient-Centric Innovation Marking 45 years since its founding in 1979, Thomson Medical is committed to enhancing the quality of its medical care to meet the evolving expectations of the patients it serves. This enables us to focus on our mission of providing quality healthcare.”
Swift, the global financial messaging cooperative, revealed that the latest round of experiments conducted within a collaborative Central Bank Digital Currency (CBDC) sandbox has shown promising results for the application of CBDCs and digital tokens. said Tom Zschach, Chief Innovation Officer at Swift.
As the world’s leading trade bank, we’re committed to supporting global businesses as a strategic partner and innovative problem solver, helping our clients navigate the complexities of global trade.”
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