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From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

From open banking to open finance and beyond: The future of financial data-sharing March 18 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The evolution of open banking into open finance, examining regional regulatory approaches and adoption trends. Why is it important?

Finance 88
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RT2: A strategic transformation for UK payment providers

The Payments Association

Payment providers to strategically invest in ISO 20022 implementation, API integration, and service innovation to fully leverage RT2’s capabili The launch of RT2, the renewed Real Time Gross Settlement (RTGS) service, on 28 April 2025 marks a significant milestone for the UK’s payments infrastructure.

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Visa Set to Roll out New AI-Powered Fraud Prevention Solutions

Fintech News

Visa announced the expansion of its value-added services by introducing three new AI-powered solutions aimed at bolstering fraud and risk prevention. This service employs deep learning models to assess transaction risks instantly, aiding financial institutions in preemptively blocking fraudulent activities.

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Generative AI in Payments: 4 Use Cases to Increase Revenue and Optimise Costs

Fintech News

OpenWay , a provider of digital payments technology to banks, processors, national payment switches, and mobile wallet operators, found that clients are recognising the benefits of AI. Optimising costs of customer service When a customer makes a request, a Gen AI chatbot begins exchanging rich data with Way4. Source: OpenWay 2.

Use Case 125
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Banks Embrace Cloud, AI to Innovate and Tap Partnership Opportunities

Fintech News

The banking industry is shifting towards innovation, collaboration and customer-centricity, driven by the adoption of technologies including cloud computing, data analytics, artificial intelligence and machine learning (AI/ML), changing customer preferences, and a rapidly evolving regulatory landscape, a new report by Amazon Web Services (AWS) says.

AI 113
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Visa Bolsters Fraud Prevention Arsenal with Three New AI-Powered Solutions

The Fintech Times

Visa Protect is part of a broad suite of Visa value-added services, which has expanded to include nearly 200 products across five popular categories: acceptance, advisory, issuing, open banking, and protect.

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Visa’s Growing Services Business Infused with New AI-Powered Products

Fintech Finance

Today, Visa (NYSE:V), a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions.

AI 52