Currencycloud, a Visa solution and expert in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) licence holder from the Monetary Authority of Singapore (MAS). The licence will allow Currencycloud to provide a full suite of intra-regional and international services to Singapore businesses.

Stripe, a financial infrastructure platform for businesses, has today expanded its in-person payment options by enabling businesses in the UK to accept Tap to Pay on iPhone. 

Banking Circle’s latest enhancement to its Agency Banking solution provides Financial Institutions (FI’s) and Payment Service Providers (PSP’s) with a faster and cheaper access point to local payment schemes to expand into further markets. The solution delivers indirect access to EURO local clearing via SEPA Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst) and GBP via Faster Payments Service (FPS).

The 20th anniversary edition of the Capgemini Research Institute’s World Retail Banking Report, published today, reveals 80% of retail bank executives believe that generative AI represents a significant leap in advancing AI technology. However, only 6% of retail banks are ready with a roadmap for enterprise-wide AI-driven transformation at scale.

Kodex AI has joined the NayaOne Tech Marketplace. With a proprietary LLM developed for the financial industry, the enterprise-built generative AI platform helps financial institutions reclaim valuable time, simplify processes, and elevate client interactions.

Mastercard has announced a partnership with ALEXBANK, a bank of the Intesa Sanpaolo group. This collaboration builds on both entities’ shared vision to foster growth, accelerate digitization, and promoting financial inclusion. The partnership leverages Mastercard’s technologies to advance the bank’s payment solutions strategy and enhance the financial services landscape.

Uqudo, the leading digital identity company in the MEA region, has entered into a groundbreaking collaboration with Tamara, a prominent fintech platform in Saudi Arabia and the GCC region. This strategic partnership represents a significant milestone in the financial landscape of the GCC, poised to elevate digital transactions within the BNPL sector.

G2 Risk Solutions (G2RS), the leading provider of merchant risk intelligence for the global payments industry, is partnering with Mastercard to provide merchant acquirers with a more streamlined experience to help them reduce transaction fraud.