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Clear Junction Extends Named Virtual IBAN Services to VASP-Licensed Businesses

Fintech Finance

This approach enables full traceability of funds, streamlined reconciliation, enhanced AML and KYC processes, and greater institutional trust. This unlocks a range of crypto-specific use cases, including me-to-me transfers, fiat-to-crypto conversions, and automated treasury operations.

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Escrow and Trust Accounts in Legal Payment Processing

Clearly Payments

According to multiple law societies, issues with trust funds account for over 30 percent of serious compliance cases. Controlled Transfers to Operating Accounts Move earned fees only when appropriate, reducing risk and simplifying reconciliation.

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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Virtual IBANs (vIBANs) have become a key component of modern payment systems, enhancing payment reconciliation and facilitating cross-border transactions. Data shows that vIBANs are primarily used by large financial firms, with minimal adoption among small businesses and individual consumers.

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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

In a late 2024 cross-industry survey by SAS, banking and insurance executives reported the highest current usage of generative AI—60% in each sector are already using GenAI in some capacity, the top rate among industries. A global survey found that 98% of banking leaders either use generative AI now (60%) or plan to within two years (38%).

AI
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Clear Junction Extends Named Virtual IBAN Services to VASP-Licensed Businesses

Fintech Finance

This approach enables full traceability of funds, streamlined reconciliation, enhanced AML and KYC processes, and greater institutional trust. This unlocks a range of crypto-specific use cases, including me-to-me transfers, fiat-to-crypto conversions, and automated treasury operations.

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Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

This enables rapid scaling of new payment use cases, without duplicating risk exposure. This enables payment systems to manage both on-chain and off-chain identity events, supporting high-assurance use cases such as digital ID-linked payments or KYC-compliant wallet onboarding.

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Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

In contrast, asynchronous payments could serve niche use cases, such as ticketing or peer-to-peer gifting, if paired with clear user warnings and fallback mechanisms. As a secondary measure, online reconciliation was used to detect anomalies when users eventually reconnected.