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Ant International Joins Swift Initiative for Cross-Border Payment Interoperability

Fintech News

Ant International has joined Swift ‘s “Network Interoperability Reference Implementation” programme, a pre-pilot initiative designed to improve cross-border payment experiences. This collaboration builds on Ant International’s recent membership in Swift, further streamlining its connections to multiple banks.

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BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance

Fintech News

The system’s capabilities were demonstrated through two practical use cases. In a separate use case, involving capital investment transactions between South Korea and Australia, it automated sanctions screening and conducted compliance checks for unlisted securities transactions for financial institutions.

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How Swift is moving the global financial industry towards instant and frictionless payments

The Payments Association

Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. This is an example of how the scale of the Swift network can be leveraged to interoperate market infrastructures to enhance the user experience. The result is an improved customer experience.

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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Primary Use Cases : CBDCs are designed to enhance financial inclusion, streamline payments, and provide a government-regulated alternative to cryptocurrencies and private digital payment providers. China’s digital yuan (e-CNY), for instance, has already processed over $250 billion in transactions as of 2023.

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Greater Flexibility: BVNK Wallet Offers Stablecoin, Crypto and Fiat Payments All in One Place

The Fintech Times

Some notable schemes users will have access to include: Swift ACH Fedwire SEPA FPS Solana Tron Polygon Ethereum BNB Smartchain Bitcoin Cardano Integrating the wallet Fintechs, crypto apps, PSPs , marketplaces and payroll platforms can embed the multicurrency wallet into their platform via API.

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DBS Banking Masterstroke Coming to an End Under Piyush Gupta

Fintech News

Since that year, they have been using it to drive business value, enhance customer experiences, and improve internal efficiencies. The bank currently runs over 800 AI models across 350 use cases , with an expected economic impact exceeding SGD $1 billion by 2025.

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In Conversation With Emirates NBD: Embracing AI, Blockchain and Quantum for Digital Transformation

The Fintech Times

We have invested in a robust AI infrastructure, including our own compute capabilities, and we use both regional and international cloud models based on the nature of the use case. Weve built an engineering-led culture that enables us to modernise platforms, reduce legacy dependency, and adapt swiftly to emerging technologies.”

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