Fintech News

APRIL 24, 2025

From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation. Using real-time payment technology, Nium helps companies speed up international transactions, simplify operations, and scale.

FinTech 136

FinTech Online and Mobile Banking Payment APIs and Integration Push-to-Card 136

Finextra

JUNE 26, 2025

It also demands stronger verification steps before approving transactions. But it also ensures every transaction is secure, compliant, and transparent. It encourages banks and financial institutions like yours to open up their systems through APIs. This adds a layer of protection to every payment.

PCI DSS 52

PCI DSS AML Process Payment APIs and Integration 52

Fintech Finance

MAY 27, 2025

Engineered in Saudi Arabia over four months, the platform is set to cross SAR 325 billion in transaction processing shortly, cementing its role as a key driver of financial inclusion and innovation in the region.

AI 88

AI Payment APIs and Integration FinTech SARS 88

Fintech Finance

MARCH 17, 2025

In 2024, the number of Alipay+ transactions on DuitNow QR has on average increased by 50 percent quarter-on-quarter , making Alipay+ the biggest contributor to cross-border inbound QR payment, and empowering Malaysian merchants to benefit from the growth in travel. million DuitNow QR touchpoints in Malaysia simply by scanning the DuitNow QR.

Cross-Border 59

Cross-Border Cross-Border Payments SARS SDN 59

The Fintech Times

JUNE 16, 2025

To ensure fintechs worldwide have the best opportunity to grow, Mastercard has made Cloud Edge available in Asia Pacific markets (including India, Australia , Singapore , Hong Kong SAR, Thailand), the United States, Canada and parts of Europe, Latin America, the Caribbean, Middle East and Africa.

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APACS Visa ISO 20022 Payment APIs and Integration 45

Fintech Finance

MARCH 27, 2025

LANKAQR is a national initiative launched by the Central Bank of Sri Lanka to ensure all QR code-based transactions are standardized and interoperable in Sri Lanka.

Cross-Border 59

Cross-Border Cross-Border Payments SARS Interoperability 59

The Fintech Times

JUNE 11, 2025

According to SEON, the new AML Compliance suite introduces AI-driven payment screening, transaction monitoring and integrated fraud and AML case management with regulatory reporting filing functionalities. SEON says the suite will also help to reduce time spent on regulatory reporting, with autofill capabilities and AI-powered SAR narratives.

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AML Compliance AI SARS 45

Fintech Finance

JUNE 16, 2025

Direct access to modern payment technology such as Transaction APIs built on ISO 20022-standardized payloads. Mastercard Cloud Edge is available in Asia Pacific markets (including India, Australia, Singapore, Hong Kong SAR, Thailand), the United States, Canada and parts of Europe, Latin America, the Caribbean, Middle East and Africa.

Visa 52

Visa ISO 20022 Payment APIs and Integration SARS 52

The Paypers

JUNE 12, 2025

In addition, the release will also introduce real-time AI-powered capabilities, including Payment Screening, Transaction Monitoring, and integrated fraud and AML Case Management, with regulatory reporting filling functionalities.

Money Laundering 41

Money Laundering AI AML Financial Crimes 41

Fintech Finance

OCTOBER 10, 2024

An expanding merchant coverage and a strong travel recovery, Alipay+ has seen a surge in transactions globally. Alipay for Chinese consumers – and an Alipay+ partner – has been accepted by global merchants starting from 2015, and continues to see steady growth in global transactions.

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Cross-Border Transactions Digital Payments Technology 98

Fintech Finance

JUNE 24, 2024

As international football fans travel to Germany for UEFA EURO 2024, Alipay+ announced that transactions in the country have increased by over two-thirds (67%) during the opening week of the tournament (Thursday 13th June 2024 – Wednesday 19th June 2024).

Transactions 108

Transactions SARS Cross-Border eWallet 108

PYMNTS

SEPTEMBER 21, 2020

The documents, officially known as suspicious activity reports (SARs for short) show that the banks had filed more than 2,000 reports across the past 17 years. trillion in suspicious transactions; J.P.Morgan followed with $514 million and Standard Chartered logged $166 million. In terms of dollar amounts, Deutsche led the pack at $1.3

Fincen 139

Fincen AML Suspicious Activity Report (SAR) SARS 139

FICO

MARCH 24, 2021

The GAO Study cited in part 1 states that “retrospective review of data on imports and exports, suspicious financial activity, and legal investigations is essential to identifying patterns and anomalies in trade transactions.”. must report potentially suspicious activity (including trade-related transactions) to FinCEN.

Money Laundering 98

Money Laundering SARS Fincen Financial Crimes 98

PYMNTS

JANUARY 15, 2021

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. financial system.”.

Fincen 107

Fincen Suspicious Activity Report (SAR) Money Laundering SARS 107

FICO

DECEMBER 12, 2018

Among the key provisions is addressing the increasing burden on financial institutions required to file Suspicious Activity Reports (SARs) and the enormous amount of data flowing to Treasury’s Financial Crime Enforcement Network (FinCEN). FinCEN received 2,034,406 SARs in 2017 and volume is growing at a double-digit rate annually.

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SARS AML Law Enforcement Suspicious Activity Report (SAR) 40

Fintech Finance

AUGUST 8, 2024

Welcoming them to the fully compliant Thunes Global Network ensures secure and efficient transactions, supporting our partner’s growth.” billion Alipay+ users worldwide can make payments via 15 Asian and European Alipay+ e-wallets at retail stores leveraging Thunes’ Accept solution.

Cross-Border Payments 98

Cross-Border Payments Cross-Border SARS Alternative Payment Methods 98

The Payments Association

APRIL 23, 2025

Most money laundering typologies, such as transaction layering, rapid and high-frequency fund movements, and unusual counterparty relationships, require historical transaction data to identify suspicious patterns. The transaction is halted in real time, and the account is flagged. Is AML a real-time problem?

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AML Suspicious Activity Report (SAR) Addressing Fraud Prevention 88

PYMNTS

DECEMBER 28, 2020

FinCEN also emphasized the importance of Suspicious Activity Reports (SARs) as being critical to identifying and stopping cybercrime in “conjunction with effective implementation of Bank Secrecy Act (BSA) compliance requirements.”. So far, two vaccinations have been approved by the U.S. Food and Drug Administration (FDA) for emergency use.

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Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

FICO

NOVEMBER 22, 2017

When the sheer computing power of AI meets the transactional complexity of AML, good things happen. Each bank has dedicated large teams whose sole purpose is to monitor financial and non-financial transactions and identify and create suspicious activity reports, or SARs. Auto-Encoders for Unsupervised Anomaly Scoring.

AML 78

AML AI Money Laundering SARS 78

FICO

FEBRUARY 13, 2017

As regulations become ever more demanding, the rules-based systems grow more and more complex with hundreds of rules driving know your customer (KYC) activity and Suspicious Activity Report (SAR) filing. Sophisticated criminals learn how to work around the transaction monitoring rules, avoiding known suspicious patterns of behavior.

Money Laundering 74

Money Laundering AML AI Suspicious Activity Report (SAR) 74

Fintech Finance

JULY 25, 2024

During EURO 2024 from 14 June to 14 July: Alipay+ merchants in Europe saw a year-on-year increase of 27% in terms of transactions made from its partner e-wallets, many of which are mobile payment leaders in Asia. The number of tourists who paid with their preferred home payment app via Alipay+ rose by over 30% during the championship period.

Cross-Border 98

Cross-Border Tax Refunds eWallet SARS 98

FICO

FEBRUARY 15, 2017

We have built on top of the FICO TONBELLER solutions using FICO’s battle-proven and patented artificial intelligence and machine-learning algorithms, which are used in FICO Falcon Fraud Manager to protect about two-thirds of the world’s payment card transactions.

AML 67

AML AI SARS Money Laundering 67

The Fintech Times

APRIL 29, 2024

Monitor your customers’ transactions and assess whether they match their KYC profile and initial risk assessment level at onboarding. Do they really have to report every transaction? The number of SARs sent to FIUs every year has simply not kept up with the rapid increase in the volume of assets being frozen or confiscated.

Money Laundering 78

Money Laundering AML SARS Financial Crimes 78

Fintech News

FEBRUARY 6, 2024

Sumsub equips industry professionals with the necessary tools to stay ahead by providing access to the latest best practices in transaction monitoring. This Masterclass isn’t just a course; it’s an in-depth journey into financial security.

White Collar Crime 108

White Collar Crime Crime Suspicious Activity Report (SAR) Financial Crimes 108

Fintech Finance

DECEMBER 14, 2023

The campaign, which will last till December 31, will first be launched for the destinations of Hong Kong SAR, Macao SAR, Japan, South Korea, Singapore, Malaysia and Thailand. As a result, in 2023, over three million merchants in China, including mom-and-pop shops, closed their first international transactions on Alipay+.

SARS 69

SARS Cross-Border eWallet Cross-Border Payments 69

PYMNTS

JUNE 21, 2018

As the world continues its path to becoming more digital, risks are increasingly finding their way into transaction processes, and that calls for a different approach to transaction monitoring. File suspicious activity reports (SARs) for transactions over $10,000 — automatically. Reconcile false positives — automatically.

Transactions 51

Transactions Suspicious Activity Report (SAR) SARS AML 51

Fintech News

JUNE 5, 2024

ANEXT Bank has seen a six-fold increase in the volume of cross-border transactions facilitated for its MSME customers. ANEXT Bank’s customers have extended their operations into key markets such as mainland China, Hong Kong SAR, the United States, and various Southeast Asian countries.

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Micro-Entry SARS Multi-Currency Cross-Border 109

FICO

JUNE 9, 2022

New AML scores reduce false positive alerts by 50% while detecting 100% of known money laundering transactions, and discover new aberrant, potentially risky behaviors. This has resulted in Compliance organizations being inundated with false positives and, in some cases, detecting only 1-2% of money laundering transactions. .

Money Laundering 52

Money Laundering AML SARS AI 52

Fintech News

JULY 14, 2024

Similarly, FX settlement inefficiencies persist due to reliance on legacy infrastructure and manual processes, limiting real-time settlement of foreign exchange transactions. We see a very bright future for blockchain-based frictionless, cross-border transactions.

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Cross-Border Correspondent Bank Multi-Currency Settlement 109

Fintech Finance

JULY 30, 2024

WorldFirst has also expanded one-business-day settlement capability to cover 90% of all World Account transactions, providing SMEs worldwide with speedy payments to increase turnover and save on costs. Payment speed is a big pain point for SMEs when it comes to global transactions. In the U.K. In the U.K.

Cross-Border 98

Cross-Border Business Payments Accounts Cross-Border Payments 98

The Fintech Times

DECEMBER 16, 2023

These e-wallets include Alipay (Chinese mainland), AlipayHK (Hong Kong SAR, China), Touch ‘n Go eWallet by TNG Digital (Malaysia), GCash (the Philippines), and TrueMoney (Thailand). billion payment accounts of over 25 digital wallets, banking apps and buy now, pay later (BNPL) apps.

Cross-Border 69

Cross-Border SARS Cross-Border Payments eWallet 69

The Fintech Times

FEBRUARY 18, 2024

The solutions provide significant reductions in investigation time and substantial time savings in suspicious activity report (SAR) filing, improving efficiency in financial crime as well as compliance risk management programmes.

Financial Crimes 59

Financial Crimes Crime Suspicious Activity Report (SAR) AI 59

The Payments Association

JANUARY 29, 2025

The lack of clear ownership in key compliance areas, such as transaction monitoring and risk remediation, led to delays in resolving issues. Outdated or ineffective transaction monitoring systems : Institutions relied on outdated or poorly configured transaction monitoring systems that did not keep up with evolving risks.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

FICO

MARCH 4, 2021

Second, rules-based AML systems create an inordinate amount of false positive alarms, diverting investigative resources from pursuing genuine Suspicious Activity Reports (SARs). Supervised machine learning AI models are trained to distinguish between suspicious and normal behaviors, using historical SARs as training examples.

AML 52

AML SARS Money Laundering Suspicious Activity Report (SAR) 52

The Fintech Times

APRIL 29, 2024

Recent data from Alipay shows that in March 2024, transaction volume by international tourists using Alipay in the Chinese mainland increased by nearly 10 times compared to that of last year and the number of transactions increased by eight times year-on-year.

SARS 72

SARS Online and Mobile Banking eWallet Mobile Payments 72

Fintech Finance

JANUARY 3, 2024

Through simple integration, Alipay+ e-wallet and bank partners that are accepted across the UAE include Alipay, AlipayHK, MPay (Macao SAR, China), GCash from the Philippines, Kakao Pay，Naver Pay and Toss Pay from South Korea, OCBC from Singapore, TrueMoney from Thailand, Hipay from Mongolia and Tinaba from Italy.

Cross-Border Payments 97

Cross-Border Payments Cross-Border SARS Digital Payments 97

Fintech Finance

NOVEMBER 20, 2024

million businesses in Saudi Arabia, and they face a financing gap of over SAR 300 billion. With over 75% of Saudi Arabia’s point-of-sale (POS) market share, Geidea processes millions of transactions daily for a wide range of businesses, from local outlets to international brands. Today, SMEs represent 1.3

Finance 98

Finance Point-of-Sale (POS) Financial Inclusion SARS 98