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RT2: A strategic transformation for UK payment providers

The Payments Association

RT2 enables substantial enrichment of payment data, including: Structured addresses to reduce processing exceptions Purpose codes to identify payment types End-to-end transaction references Enhanced remittance information These improvements support the development of new value-added services based on significantly improved information flows.

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Mastercard Forges Three Partnerships in the UAE With LikeCard, CredibleX and Al Etihad Payments

The Fintech Times

This collaboration with CredibleX helps the credit-as-a-service platform make more informed lending decisions, reduce underwriting time, and enhance risk management. “Our commitment to the UAE is embedded in our strategic engagements at federal and local levels,” said J.K.

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Essential Guide to ISV Integrated Payments: Benefits and Best Practices

Stax

Subscription upgrades Unlock premium features tied to payment tools that drive more value for users. Value-added services Offer extras like fraud protection or chargeback management to increase revenue per customer. All of these can help you grow your bottom line without adding new customers.

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

The Payments Association

Carlos Albo Wenalyze The evolution of open banking to open finance Open finance is fundamentally restructuring the financial services landscapeexpanding data-sharing from payments into credit, investments, insurance, and pensions. Fraud detection and risk management are also evolving.

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Innovations in Insurtech: IPOs, Expats, and Enhancements in Risk Management

Finovate

“Another key goal in launching InsurtechRisk+ is to offer best-in-class cover alongside risk management solutions that go beyond typical post-loss assistance for policyholders,” Rugg added.

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Visa to Acquire AI Fraud Detection Firm Featurespace

Fintech News

The acquisition aims to bolster Visa’s fraud detection and risk management capabilities, which are used globally by financial institutions and businesses to safeguard transactions. Founded in 2008 at Cambridge University, Featurespace has developed AI-driven algorithms that can detect complex fraud patterns in transaction data.

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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. said Antony Cahill, Global Head of Value-Added Services, Visa.