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Swift and Google Cloud Join Forces to Combat Fraud with AI Innovations

Fintech News

Swift, the global financial messaging service provider, is collaborating with Google Cloud to develop innovative anti-fraud technologies. The partnership will leverage advanced AI and federated learning techniques combined with privacy-enhancing technologies (PETs) and Trusted Execution Environments (TEEs).

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OCBC Becomes First Singapore Bank to Use Blockchain for Intraday Lending

Fintech News

OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. By utilising blockchain technology, the exchange of cash and securities becomes near-instantaneous, a significant improvement over traditional repo markets where the process can take at least one business day.

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Tencent and Visa Roll Out Palm Payment Trial in Singapore

Fintech News

The pilot program will begin in Singapore, allowing Visa cardholders from participating banks like DBS, OCBC, and UOB to pay with their palms at select merchants. The first location to offer this technology is Alchemist, a café in Singapore.

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German Government Selects Secupay and Episode Six Technology to Deliver Government Disbursements

Fintech Finance

Hans-Peter Weber, CEO at Secupay commented: “As regulated payment institution, we needed a trusted partner to enable us access to the latest technology to ensure the fast and reliable processing of cards designated for vital supplies to refugees. Our highly configurable platform can be adapted to accommodate any requirement.

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New Study: 2018 State of Embedded Analytics Report

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.

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Google Cloud and Swift Pioneer Advanced AI and Federated Learning Tech to Help Combat Payments Fraud

Fintech Finance

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. Heres how it works for Swift: A copy of Swifts anomaly detection model is sent to each participating bank.

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Partior Closes Series B at US$80 Million with Deutsche Bank Investment

Fintech News

The Series B initially secured US$60 million in July 2024, led by Peak XV Partners, with participation from J.P. Morgan, Standard Chartered, and Temasek, Partior uses blockchain technology to enable real-time clearing and settlement. Morgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.