Fintech News

JANUARY 20, 2025

Always research cryptocurrencies thoroughly before purchasing, and prioritise licensed platforms to ensure safety. Remember, while the process of how to buy cryptocurrency in Singapore is relatively simple, it’s always wise to start with thorough research and invest responsibly. Frequently Asked Questions (FAQ) 1.

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Cryptocurrency Credit Cards Verification Blockchain 110

PYMNTS

APRIL 5, 2019

The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations. A new blockchain association has been created to promote the adoption of the technology across the European Union.

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Distributed Ledger Technology (DLT) SWIFT Blockchain Cross-Border 75

PYMNTS

SEPTEMBER 17, 2018

The fraudsters who hacked their way into the Bangladesh central bank two years ago got there by getting into software tied to the SWIFT financial platform. Upon success with the phishing, the hackers “moved through the bank’s network” to access computers that victimized banks used to send and receive messages over SWIFT systems.

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SWIFT Phishing Ransomware Central Bank 75

Fintech Finance

MARCH 20, 2025

In our research, we’ve found that nearly half of consumers who have abandoned their cart say there were too many steps in the checkout process,” said Pete Wickes, general manager of EMEA at Worldpay. “Online retailers know the problems of the abandoned cart conundrum.

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Encryption SWIFT Research Consumer 59

Fintech Finance

FEBRUARY 20, 2025

New research from Moneyhub , the Open Banking data and payments platform, has revealed a strong appetite for intelligent payments that can be delivered by Open Banking and Variable Recurring Payments (VRPs), highlighting significant opportunities for businesses to capitalise on modern payment technologies.

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Innovation Payments On-Demand Regulations 87

Finovate

NOVEMBER 6, 2024

Swift, UBS, and Chainlink conclude blockchain pilot That’s a wrap! Swift, UBS Asset Management, and Chainlink announced this week that they have successfully completed a pilot project that involved settling tokenized fund subscriptions and redemptions using the Swift network. Registered with the U.K.

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Blockchain Cryptocurrency SWIFT Payments 64

The Fintech Times

MAY 2, 2025

Its latest research highlights the key regulatory milestones across different regions, from the ECBs T2-T2S consolidation to Australias HVCS and the Bank of England s new CHAPS mandates, underlining that ISO 20022 is not just an industry trend but a global regulatory imperative.

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ISO 20022 ISOs Compliance SWIFT 55

The Fintech Times

JUNE 19, 2024

Small and medium enterprises (SMEs) across the European Union currently feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve cashless, as well as their competitiveness; according to new research by financial messaging network Swift.

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Instant Payments SWIFT Cross-Border Payments Regulations 59

The Paypers

JUNE 24, 2024

Swift has released research findings indicating positive sentiment among SMEs in the European Union towards the EU’s Instant Payments Regulation.

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Instant Payments SWIFT Regulations Payments 50

PYMNTS

MARCH 9, 2018

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation and more. The PoC includes 34 banks, each with their own node in SWIFT’s DLT sandbox.

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SWIFT ISO 20022 Blockchain Liquidity Management 43

PYMNTS

JANUARY 13, 2017

Financial messaging firm SWIFT made its first public embrace of blockchain technology last year with a whitepaper exploring the use of the technology for smart contracts. 12) said SWIFT will launch a proof-of-concept test to explore the use of blockchain technology for cross-border payments and settlements by banks.

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SWIFT Cross-Border Payments Blockchain Cross-Border 41

Fintech Finance

OCTOBER 22, 2024

The service is ISO20022 ready and supports SWIFT-based flows. Temenos today launched a SaaS enterprise service for cross border payments, empowering Payment Service Providers (PSPs), including banks, electronic money institutions (EMIs) and fintechs, to swiftly launch and lower the cost of cross border payment services.

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Cross-Border Payments Cross-Border SWIFT Message Standards 98

Fintech News

JANUARY 23, 2024

Bloomberg has unveiled a new tool, AI-Powered Earnings Call Summaries, on the Terminal, showcasing the practical use of artificial intelligence in enhancing the research process for analysts. With these innovations, we are empowering analysts with critical tools and integrated workflows for their research journey.”

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Financial Analysis AI Research SWIFT 104

Fintech Finance

APRIL 24, 2024

The replacement RTGS system, slated for readiness in August 2024, makes support for ISO 20022 a prerequisite for all international payments from the SWIFT deadline. to deliver a cohesive plan for the New Payment Architecture, and any failure to be ready for the SWIFT deadline will set the country’s banking system back even further.

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ISO 20022 Cross-Border Payments ISOs Cross-Border 145

PYMNTS

APRIL 20, 2020

Two law researchers say regulators should take the cryptomarket into serious consideration, according to an Oxford Law blog post. The researchers noted that digital currencies have a “salient advantage” in their decentralization. As a result, investors might find a safe haven in them.

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Blockchain Research Rules Digital Currency 60

PYMNTS

APRIL 3, 2019

Beyond individual company news, some seeming validation has come from the World Bank for Ripple’s xRapid and other technologies, including SWIFT’s blockchain pilots, as noted earlier this week. SWIFT also has an ongoing distributed ledger proof of concept. That comes as SWIFT is working with R3’s blockchain platform, Corda.

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Cross-Border Payments Cross-Border Blockchain Distributed Ledger Technology (DLT) 92

PYMNTS

AUGUST 20, 2020

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. Embracing the opportunity to enhance existing payment rails, AscendantFX Capital announced recently its joining of the SWIFT network and adoption of its gpi service.

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RTP Phixius FPC Payment APIs and Integration 101

Finextra

JULY 4, 2024

At EBAday 2024, Marianne Demarchi, Chief Executive Europe, Middle East & Africa, Swift, focused on the incoming Instant Payments Regulation and Swift's recently released research on SMEs and cross border payments.

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Interoperability Instant Payments Cross-Border Payments Cross-Border 59

Payments Source

APRIL 11, 2019

Swift releases new security research; Physical ATM attacks on the rise; Most hotels have a security gap. The information you need to start your day, from PaymentsSource and around the Web. Today: Square opens online store in U.K.;

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ATM SWIFT Research Security 67

Tearsheet

APRIL 15, 2025

These chargeback teams play an important role: the limited data gathering in chargeback disputes require FIs to research the case in more depth before it can be resolved. While countries like Brazil are turning customers towards digital channels to submit disputes, research shows that this leads to a 30% to 40% increase in dispute volumes.

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Issuers Volume Disputes Digital Payments 59

PYMNTS

JANUARY 26, 2021

Recent research highlighted in the December issue of the Delivering On Restaurant Rewards report, which is based on a survey of 2,123 U.S. PYMNTS’ research shows that 47 percent of on-site diners at full-service restaurants and 56 percent of QSR patrons prefer accessing loyalty rewards in this manner. . consumers, helps explain why.

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SWIFT AI Assessments Research 106

Fintech Finance

AUGUST 6, 2024

Biometric loyalty program check-in and payment provides a swift ordering and checkout experience for merchants and customers alike. PopID research has shown the platform decreases ordering and check out times by up to 90 seconds per transaction and can increase ticket size by 4 percent.

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Payments Checks SWIFT Credit Cards 96

PYMNTS

APRIL 1, 2019

The jockeying for cross border-payments continues, and SWIFT and Ripple continue to dominate the headlines. As noted, SWIFT has rolled out its gpi (short for global payments initiative). As the authors also stated, SWIFT has a distributed ledger proof of concept ongoing.

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Cross-Border Distributed Ledger Technology (DLT) Cross-Border Payments Transactions 61

PYMNTS

MAY 27, 2016

First it was one, then two and now it’s said to be 12 banks that have potentially been compromised using SWIFT communication protocols. I recall three years ago at Innovation Project 2013 that a rather prescient panelist said that the payments system’s worst nightmare would be having the SWIFT network breached.

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SWIFT Bitcoin Online and Mobile Banking ATM 43

Fintech News

OCTOBER 22, 2024

To address these risks, financial institutions in the region are adopting new security measures and embracing cutting-edge technologies, a new research by NICE Actimize found. The NICE Actimize research found that enhanced monitoring for suspicious transactions (76.6%) is the most commonly adopted measure.

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APACS Online and Mobile Banking Fraud Prevention Fraud Detection 119

PYMNTS

FEBRUARY 13, 2019

Payments messaging firm SWIFT announced on Tuesday (Feb. SWIFT noted that these cases present KYC challenges because data exchanged between all these parties is often incomplete or out of date. SWIFT’s KYC Registry offers entities a unified platform through which they can upload and share standardized KYC data. ”

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Money Laundering AML Economy SWIFT 64

Fintech Finance

JULY 10, 2024

Research released today by emerchantpay , a leading global payment service provider and acquirer, has revealed the factors influencing how consumers choose to pay online. ” The research follows the recent news that emerchantpay has partnered with TrueLayer, a leading European open banking payments network.

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Privacy Consumer Security Payments 94

Fintech News

JANUARY 18, 2024

Utilising ChatGPT’s Large Language Models, this chatbot will assist staff in writing, research, and creative thinking. An AI-driven platform enables swift analysis of customer profiles and networks, pinpointing suspect communities and transactions. Moreover, OCBC has leveraged AI in bolstering its anti-money laundering measures.

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AI Financial Crimes Crime SWIFT 106

PYMNTS

NOVEMBER 28, 2016

The euro has surpassed the Chinese yuan in terms of use for trade finance, according to the latest SWIFT RMB Tracker. SWIFT released its tracker late last week, five years after the company first began publishing the report. But researchers first discovered a decline in the use of RMB in trade finance in 2014.

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Finance SWIFT International Payments Research 51

PYMNTS

MAY 10, 2018

A new report commissioned by SWIFT , with research conducted by the Boston Consulting Group (BCG), is urging corporate banks in India to take action. With BCG and SWIFT urging banks to take “immediate action,” some banks have chosen to pivot away from corporate lending. In October, bad loans hit $145.56

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SWIFT Risk Mitigation Mitigation On-Demand 40

The Fintech Times

AUGUST 7, 2024

Biometric loyalty program check-in and payment provides a swift ordering and checkout experience for merchants and customers alike. ” PopID research has shown the platform decreases ordering and checkout times by up to 90 seconds per transaction and can increase ticket size by four per cent.

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Enrollments Payments Authentication Encryption 104

PYMNTS

OCTOBER 23, 2018

According to Gullers, treasurers typically access that data via the SWIFT network. Gullers noted that corporate treasurers have been forced to face issues of data security head-on, particularly following the 2016 $81 million heist from Bangladesh’s central bank, made possible by hackers who found their way into the bank’s SWIFT network.

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SWIFT Risk Treasury Use Case 71

Clearly Payments

DECEMBER 18, 2023

AI’s real-time fraud detection capabilities, as evidenced by an 80% reduction in fraudulent attempts according to Juniper Research, will fortify financial security by swiftly identifying and preventing unauthorized transactions. trillion by 2027 (Juniper Research), a testament to the growing demand for instant, transparent transfers.

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Payments Trends Online and Mobile Banking Payment APIs and Integration Contactless Payments 102

Fintech News

DECEMBER 17, 2023

Prioritise service design and business architecture for customer-centric solutions, leveraging user research to replace assumptions with evidence. Traditional banking systems, burdened by age and complexity, can cripple innovation, restrain time to value, and strain customer relationships. Why become part of a financial services ecosystem?

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Payment APIs and Integration Money Laundering Due Diligence SWIFT 143

Fintech Finance

OCTOBER 15, 2024

Dementia is the UK’s biggest killer and 1 in 3 people born today will go on to develop it in their lifetime, so this partnership will help us better channel our resources to helping fund pioneering research, campaign for change, and run our dedicated support services, which are a lifeline to thousands.”

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SWIFT Compliance Accounts Process 98

PYMNTS

AUGUST 16, 2019

Recent American Express research found that greater transparency is one of the top priorities for firms that regularly make international payments. More than 110 banks from Europe, Asia Pacific, Africa and the Americas are part of the SWIFT gpi, which has been in a pilot stage. A Call for Transparency. and Australia’s NPP.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

SEPTEMBER 15, 2020

Researchers found that 70 percent of demand deposit accounts are managed by FIs with access to the RTP network. Financial institutions (FIs) in the U.S. are increasingly linking into the real-time payments infrastructure of the RTP network, according to a new survey by The Clearing House. Mastercard Leads Central Bank Digital Currency Test.

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RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105