Artificial Intelligence (AI) is playing a crucial role in improving the efficiency and security of international cross-border transactions in the payments industry, according to Buckzy Payments Inc. 

In March 2022, global regulatory watchdog the Financial Action Task Force (FATF) adopted amendments to Recommendation 24 (R.24) of its 40 Recommendations that govern global anti-money laundering (AML) policy. This concerns Ultimate Beneficial Ownership (UBO), i.e., the person who profits from money moving into or out of a business.

Financial technology leader FIS^® has announced it has enhanced its wealth management solutions with the addition of self-invested personal pension (SIPP) servicing in the United Kingdom. By launching retirement services in the U.K., FIS is greatly expanding its offerings to wealth managers in this market.

Zoodpay signed exclusive partnerships with FARGO, BTS Express, STAR EXPRESS, EMU, and DPD, the top 5 leading logistics companies in Uzbekistan, accounting for more than 70% of last-mile parcel delivery, for the launch of the largest network of 1,500 pick-up lockers.

Pre-pandemic, the finance industry experienced 19% of all cyberattacks and incidents, making it the most targeted industry in the world. Leading digital print security firm Zunoma is encouraging financial institutions to outsource financial solutions to prevent ongoing cybersecurity threats and data breaches.

AppTech Payments Corp. (AppTech), a Fintech company powering commerce experiences, is excited to announce a partnership that will enable transactions across international borders in a multitude of different retail outlets in Canada, including in-person retail, e-commerce, transportation, lodging, hospitality, automotive, and restaurants.

Fintech lender, Creditspring, is currently saving its members £17m in UK borrowing costs by offering a no-interest alternative to high-cost credit options, providing a lifeline to borrowers in the cost of living crisis.

ION Markets, a global provider of trading platforms, analytics, and risk management solutions for capital markets, has today announced its new Compliance SaaS solution, which evolved from the hosted Compliance solution ION implemented in 2014.

Rapid business evolution demands better data handling

The journey from being a start-up to a full-scale fintech is thrilling – but one that’s also fraught with pitfalls if not navigated carefully. Scaling up involves several logistical and operational challenges that need to be overcome, with increased data reporting and reconciliation demands that can make the difference between success and failure.

Plum, the smart European personal finance app, is today announcing its launch in Belgium.