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Volante Technologies , the global leader in Payments as a Service (PaaS), has been recognized as a Leader in The Omdia Universe: Payment Hubs, 202425 Report. The company received the highest scores in critical categories, most notably in Strategy and Execution, reaffirming its position as an innovator in the payments industry.
Experian has selected Amazon Web Services (AWS) as its preferred cloud provider as part of a broader move to expand its cloud infrastructure and scale up the use of generative artificial intelligence. The collaboration also supports efforts to democratise data technologies across its workforce.
The report outlines several potential usecases for spendable benefits cards, such as use in employee-engagement platforms, reward and recognition platforms, traditional HR platforms and new employee-centric super apps. To meet these expectations, new approaches, powered by modern retail payments technology, are required.
This partnership is a testament to our belief that technology can be a powerful tool for development. Statista indicated that the Digital Assets market in Africa is projected to reach a revenue of US$3,115.0m Financial innovation is not limited to central banks.
Paytiko’s most recent innovation, GrowthHub, is underpinned by this philosophy. Paytiko GrowthHub is not merely a novel feature; it is a technological advancement that integrates AI-powered intelligence, automation, and data-driven insights into a single, integrated platform. Paytiko GrowthHub is its name.
Legacy systems are increasingly unreliable, expensive to maintain, and resistant to modern payment innovations. By addressing focused usecases, banks can reduce risk, improve ROI, and incrementally build toward a fully modernised, scalable banking, cards, loans and payments infrastructure.
The JV has the potential to accelerate stablecoins in the region as, individually, SCBHK, Animoca Brands, and HKT are all innovators in the payments and web3 space. As public chain instruments with proven usecases, stablecoins play a critical role in the overall digital asset ecosystem.
Amazon Web Services (AWS) has launched its first Innovation Hub in Asia Pacific, located at its corporate office in downtown Singapore. The hub features more than 50 real-world usecases developed with AWS, Amazon, and over 30 partners, covering sectors such as financial services, agriculture, manufacturing, and public safety.
AR PAYMENTS: Alipay plans to roll out support for payment using Meizu and Rokid AR smart glasses Alipay has announced that it has successfully conducted its first e-wallet transaction to use augmented reality smart glasses and is to roll out support for the technology to its 36 digital wallet partners around the world this year.
The FiRa Consortium has published an update to its technical specifications for Ultra-Wideband (UWB) technology that add support for “advanced UWB applications that require various combinations of FiRa features to work together deterministically”, such as mobile payments and transit ticketing. The updated Core 3.0 FiRa Core 3.0
Even more reassuring, 54% of FSIs surveyed in EMEA, USA, and APAC are already embedding AI into their offerings or expanding their initiatives, and 61% plan to use Gen AI in 2024. Instead of hard coding, Gen AI can configure new payment offerings using flexible parameters.
Launched in May 2022, Project Guardian brings together policymakers and key financial industry players to improve market liquidity and efficiency through the innovativeuse of technology. The Bundesbank is very pleased to be cooperating with a partner that is as competent as MAS.”
Visa has finalised its acquisition of Featurespace, a company specialising in real-time artificial intelligence technology for payment protection. By combining expertise and tools, Visa aims to expand its fraud prevention usecases and strengthen the security of global payment systems.
Faster Payments Council (FPC), in collaboration with Volante Technologies , today released results from the 2025 Faster Payments Barometer, the latest in its series of comprehensive studies analyzing the adoption, trends, and perceptions surrounding faster payments in the U.S.
Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. Following the success of the Immediate State, the Intermediate State phase will expand digital asset usecases.
Mastercard and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver high-quality payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernise their technology stack.
Ripple , the blockchain and crypto solution provider, is partnering with the Dubai International Financial Centre’s (DIFC) Innovation Hub, to accelerate blockchain and digital assets innovation in the UAE. It also plans to provide financial, technical, and business support to developers.
A Digital Revolution Rooted in Innovation One of Piyush’s most significant contributions was his early recognition of digital bankings potential. One of them saw DBS rapidly embrace cutting-edge technology, embed artificial intelligence into its operations, and push aggressively into mobile banking.
The world of payments is constantly evolving, with new technologies and shifting business demands reshaping how money moves. In an interview with Karen Webster , CEO of PYMNTS , Paulette Rowe , CEO of Stax, pulled back the curtain on the critical strategies and innovations driving the next wave of payment partnerships. .
Kotapay , a division of First International Bank & Trust (FIBT), today announced Raisin , the global savings and investment platform, as the first financial technology company to integrate with its new bank-direct banking as a service (BaaS) platform, known as Kavinu.
Visa (NYSE: V) today announced it has completed its acquisition of Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks.
Face-to-face conversational AI innovator eSelf has raised $4.5 ” Usecases for eSelf’s virtual agents have been diverse. Christie’s uses the agents as a first point of contact for potential buyers at its real estate brokerage firm in Portugal. million in seed funding. million in seed funding.
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. This will provide seamless access to new digital usecases, such as Mastercard Card-as-a-Service (CaaS) and Bank-as-a-Fintech (BaaF) propositions to Saudi Arabia.
LEAP 2025 , held in Riyadh from 9 to 13 February, highlighted Saudi Arabias commitment to financial technology and digital transformation. Fintech innovations and regulatory developments Another panel explored AI-powered financial solutions and emerging blockchain usecases.
Singapore, a nation long recognised for its financial acumen and technological advancement, is making a calculated gamble on the future of finance through tokenisation. The goal is to attract investment and innovation, maintain Singapore’s competitive edge in the global arena, and expand financial inclusion.
Key findings from the survey In a recent survey (The Harmony Gap Report from FIS & Oxford Economics) of 1,000 senior business and technology leaders from large organisations in the U.S., Financial technology investment priorities To address these challenges, organisations are prioritising investments in financial technology.
This indicates a clear recognition that companies must innovate and adapt their offerings to differentiate themselves from rivals to remain competitive. Also, according to Oliver Wyman , “35% of the value of the [financial service] industry is accounted for by technology companies.
A new report by Twimbit, a Singapore-based research and advisory firm, highlights the state of open finance in Southeast Asia, exploring the different factors such as regional integration, technologicalinnovation, evolving business models, and API monetization that are fueling the growth of the sector.
To help organisations ensure they are not losing revenue and improving their efficiency, security and trust, The Centre for Financial, Innovation and Technology (CFIT) has published its blueprint for fighting economic crime through its Digital Company ID.
Banks throughout the world have accelerated down the road of technological advancement in the last decade. 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.
Recent action from The Clearing House to increase the transaction limit on real-time payments from $1 million to $10 million is fueling new usecases in business-to-business payments among Bank of America clients. Federal Reserve. The post BofA Clients Embrace New $10 Million Limit in U.S.
The Monetary Authority of Singapore (MAS) announced an additional commitment of S$100 million under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) to support the development of quantum and AI technologies within the financial sector. to support the progressive adoption of AI technologies.
Fintech Review looks into their function, their role in fostering innovation, and the significant challenges they face, particularly in terms of legal recognition, security, and scalability. This level of decentralisation creates opportunities for innovation, particularly as it encourages input from diverse perspectives within the community.
Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.
These technologies allow for the easy integration of corporate data into AI assistants, enhancing the utility of large language models (LLMs) for various applications. These examples show why LLM-based AI chatbots are a game changer: before, technological solutions had to be programmed for specific usecases.
Sionic teamed with Google Cloud Consulting to design and build the specific usecase AI models. “We are investing heavily in a comprehensive and innovative instant payments system, with the kind of security that is lacking in today’s real-time payment landscape,” said Matt Watson, chief technology officer at Sionic. ”By
Later this year, payments giant Mastercard plans to open up access to its A2A instant payments technology via a sandbox, promising an environment where UK banks and financial institutions can safely experiment and collaborate across new ways to pay.
Impact on B2B Payments Being one of the owners of The Clearing House , BofA played a significant role in developing the RTP® network in consultation with peer banks, technology firms, and the U.S. RTP Industry Implications BofA’s adoption and public announcement are expected to increase industry-wide use of real-time payments.
Picture the excitement of experimenting with cutting-edge payment technology, where developers can safely test new features and capabilities without impacting critical infrastructure. Starting later this year, Mastercard will provide access to its fifth generation A2A instant payments technology via a sandbox.
On 28 August 2024, HKMA officially launched the Project Ensemble Sandbox, which will test a wide range of tokenisation usecases, including the settlement of tokenised real-world assets (such as green bonds, carbon credits, aircraft, electric vehicle charging stations, and treasury management).
All of these emerging technologies promise significant potential, as Rio-Tinto explains, but also present new risks. “These technologies are unlocking new possibilities across the financial services industry. “As with any emerging technology, governance remains essential. ” AI is no longer a mere experiment.
financial institutions show the vast majority are already using AI or plan to imminently. A PYMNTS report in 2024 found 72% of finance leaders at banks say their departments utilize AI technologies in some form. UseCases and Impact U.S. banks are applying AI in a range of usecases. With such figures, U.S.
The Monetary Authority of Singapore (MAS) has committed an additional S$100million to support the development of quantum and artificial intelligence (AI) technologies in the financial sector. Quantum technology is poised to significantly impact the financial industry.
Global financial technology platform Adyen has partnered with European open banking infrastructure provider Yapily to enhance its open banking services. In addition to these initial usecases, both companies also plan to explore further applications of open banking, such as creditworthiness assessments for lending decisions.
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