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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).
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.
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.
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.
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.
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.
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.
Improving regulations, using technology for detection, and fostering industry-wide cooperation. This session drew participants from diverse industries, including retail, travel, telecommunications and hospitality, each grappling with unique yet interconnected fraud challenges. Why is it important?
The integration offers participants the flexibility to settle trades using fiat currency, tokenised commercial bank money, or assets with the credit characteristics of central bank money. Institutions now have access to tokenised USD, EUR, and SGD from participating banks and can settle transactions on demand, around the clock.
Bill Deng “We are very pleased to participate in the Singapore Fintech Festival. We hope to serve SMEs in Singapore in the future, radiating to the ASEAN region, utilising technology to help SMEs efficiently participate in global trade and enhance their global competitiveness.”
While the previous RTGS system served the UK market effectively for many years, it had become increasingly constrained by fast-moving developments in payment technology, shifting user expectations, and emerging cyber threats. RT2 is substantially expanding direct participation.
By bringing local currencies “onchain,” he said, blockchain technology simplifies onboarding, providing users with seamless access to digital financial systems without requiring them to fundamentally rethink their existing relationship with money.
By incorporating Kuady’s technology, MeridianBet users in the region will benefit from secure, simple, and efficient payment options. By expanding its services to MeridianBet, Kuady is helping advance financial access and inclusion throughout Latin America, enabling more people to participate actively in the digital economy.
The pilot is designed to evaluate emerging financial technologies under controlled conditions while balancing innovation with risk management. Only firms licensed by the State Bank of Vietnam (SBV) will be allowed to participate, and foreign banks are explicitly excluded.
Zack Chestnut “The additional markets for which Nium is able to provide data coverage will expand Confirm’s significant global reach even further, providing incremental value to inquiring participants on the network without requiring any incremental technology uplift.
The platform integrates various components, including an Integration Platform for seamless connectivity, a Participant Portal for real-time transaction monitoring, and a Dispute Portal for efficient case resolution. Providing next-generation technology is vital for enabling safe and efficient payment services.
The platform is expected to go live later this year, starting with interoperability between PayPal, Venmo, and other participating networks from key markets. The infrastructure is designed to be technology-agnostic, using open APIs and a cloud-native architecture to support global deployment with low latency and high reliability.
Juicyway addresses this need by leveraging stablecoin technology to enable fast, affordable global money transfers with 24/7 execution and settlement. Stablecoin technology and our network model make this vision achievable by enabling fast and efficient money movement.
The network aims to enable faster, lower-cost international money transfers by utilizing stablecoins such as USDC, EURC, and other regulated digital currencies for real-time settlement between participants like banks, payment providers, virtual asset service providers, and digital wallets.
The industry must focus on technological investments, enhancing security, and addressing regulatory and interoperability challenges to stay competitive. The survey results offer a detailed analysis of critical areas such as the adoption of emerging technologies, regulatory compliance, financial crime, and customers’ evolving needs.
Two , a European leader in B2B payments technology today announces a strategic collaboration with ABN AMRO , a leading financial institution in the Netherlands. Uncompromised Security and Trust: Integrating ABN AMROs financial infrastructure with Twos secure technology ensures reliable, risk-mitigated transactions.
From cash-reliant to a cashless Vietnam The report, based on a consumer survey of over 2,100 participants, reveals that 37% of respondents used bank apps for their most recent purchases, making it the most popular payment method. E-wallets followed at 31%, ahead of bank cards at 18%. This ecosystem is expanding rapidly.
Geographically, the research spans six continents, with robust representation from the UK’s financial centres (London, Edinburgh, Manchester) and meaningful participation from the United States (4%), Ireland (2.7%), and major European markets including Germany, Netherlands, and France.
The world of payments is constantly evolving, with new technologies and shifting business demands reshaping how money moves. “Payments can be really important as a way of helping those companies drive additional revenues that they wouldn’t otherwise see, because they wouldn’t normally participate in those payment streams.”
The platform integrates various components, including an Integration Platform for seamless connectivity, a Participant Portal for real-time transaction monitoring, and a Dispute Portal for efficient case resolution. Providing next-generation technology is vital for enabling safe and efficient payment services.
The UKFin+ Spotlight Event at Imperial College London will gather experts from both industry and academia to discuss the transformative impact of emerging technologies. Scheduled from 9am to 4pm, the event will include panel discussions and interactive sessions focusing on the challenges and opportunities presented by these technologies.
Residents of the US state of Arkansas are now able to add a digital version of their driver’s license or state ID to their smartphone and then use their digital ID to verify their identity to participating businesses and venues as well as law enforcement agencies and, soon, for air travel.
NeuroWatt , a Singapore-headquartered provider of high-performance computing (HPC) and artificial intelligence (AI) solutions, is showcasing its latest technologies at GITEX Asia 2025 , which kicks off today at Marina Bay Sands and runs until April 25.
Ant International is a leading global digital payment, digitisation, and financial technology provider. Tencent is a multinational technology leader that develops a wide range of digital products and services, including Weixin/WeChat, China’s super app. In Asia Pacific, Visa is working with StraitsX for stablecoin settlement.
Ricky now serves as Managing Director for South Asia at TBCASoft, a global fintech driving next-generation cross-border NFC and QR person-to-merchant (P2M) payments using blockchain-based technology. How can APAC banks differentiate themselves by participating in Nexus? Ricky Lim : The key idea behind Nexus is “one connection”.
The team is made up of technology and policy making specialists from a wide variety of sectors, and the aim is to work transparently, and with the participation of the public and private sector, to support Armenia in its ambitions to become a truly electronic society.
For firms to navigate these challenges effectively, strategic investments in technology, compliance expertise, and stakeholder engagement will be crucial. Firms should actively participate in ongoing consultations and stay informed about developments related to the safeguarding reforms.
Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. Through the adoption of advanced technologies and collaborative frameworks, Indonesia charts a path for digital financial transformation.
This new solution will connect Taurus -PROTECT clients to enhance collaboration with industry participants that are looking to rapidly adopt digital assets. Network participants retain control of their assets and never rely on Taurus to enter or unwind transactions. Instant transfer confirmation is also possible.
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.
To realise the true potential of virtual cards, payment giant Mastercard is launching a new programme that will help banks, platform partners, and mutual end corporate customers transform their commercial payment offerings , powered by Mastercard’s Virtual Card Number (VCN) technology.
A credit card transaction is a process involving multiple entities, complex technology, and rigorous security protocols. This article covers the anatomy of a credit card transaction and provides insight into the technological infrastructure that supports modern commerce. Credit Card Use Overview in USA and Canada In the U.S.,
Hosted by The Payments Association , this premier event brings together over 6000 innovators, thought leaders, and stakeholders to discuss the trends, technologies, and challenges defining the future of payments. Technological Innovations: Exploring blockchain, real-time payments, and artificial intelligence applications. Why Attend?
Payment technology and innovation are accelerating across the fintech industry, with more companies recognising the importance of adapting to changing customer needs, with non-cash transactions projected to hit 2.3 These developments signify a major shift in how we interact with technology. trillion transactions by 2027.
By incorporating technology from Kuady, MeridianBet aims to begin delivering a faster and more seamless customer experience across South America.Via the partnership, MeridianBet users in the region should benefit from secure, simple, and efficient payment options.
Additionally, Click to Pay employs advanced security standards and technology to protect transaction data, offering consumers increased confidence in online payments. ” Cardholders of Techcombank and VPBank can now enrol in Click to Pay via their respective banking apps or participating online merchants.
The growth of digital technology in emerging markets has accelerated fintech adoption. With digital banking, mobile payments, and microloans, fintechs allow underserved businesses to participate in the formal economy. With increasing smartphone usage and internet access, SMEs can now tap into digital tools that were once out of reach.
Retailers and investment platforms were also noted as active participants, particularly in using Account-on-File for repeat transactions. At the same time, PayTo is another step forward in our broader digital evolution, expanding the ways in which our customers can interact with us.”
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.
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