According to the Accuity “2018 Payments Industry Report” released today, payments providers are more focused on streamlining and automating the validation of bank and payment information in order to reduce payment failures and create a more trusted and transparent experience. 

Artificial intelligence (AI) is everywhere and nowhere at the same time. This technology has quickly jumped from esoteric laboratory to full acceptance, but its long-term potential contributions to business are not obvious yet. AI may be the greatest story of our time, but the business benefits and the actions to take remain somewhat cloudy, whereas employees are still nervous about AI and how it may affect their jobs.

Trulioo, the leading global identity verification provider, today announced that it is now able to verify five billion people through its flagship electronic identity verification platform – GlobalGateway.

GlobalPlatform, the standard for secure digital services and devices, has conservatively calculated that more than 5.5 billion Secure Elements (SEs) deployed in 2017 were based on its specifications, an increase of over 1.5 billion from the previous year. Additionally, over the last three years, in excess of 1 billion SEs were embedded within mobile devices, 100% of which were based on GlobalPlatform technology.

Bank of America Merrill Lynch today announced enhancements to AutoFX, its automated currency conversion product for financial institutions. The new capability uses data analytics to make settlements faster, less expensive and more certain for the sending bank. AutoFX now also allows users to customize criteria for automated conversion.

SIX entered into a strategic partnership with Cortica and Duotem Capital to deliver Artificial Intelligence-based services covering collateral and cash optimization for the post-trade industry.

Tel Aviv and New York based Cortica develops next generation artificial intelligence technology that learns on its own in real-time, interacts with the real world and collaborates with other technologies and machines.

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the release of its latest Data Services product, DTCC Equity Kinetics, providing institutional investors with a comprehensive depth of market view of activity across all U.S. equity trading venues.

With only a day to the 7th Remittance and payment Expo (www.RemittanceAfrica.com) holding from Tuesday 23rd October to Wednesday 24th October, 2018 at the Lagos Oriental Hotel, Nigeria, the event secretariat wishes to remind interested persons and organizations that the discounted online delegate registration process will close at midnight, Monday October 22, 2018.

Fidor Solutions, an innovative provider of digital banking services, today announces its extended partnership agreement with GFT USA, Inc. This partnership will see GFT USA, Inc. offer Fidor’s operating platform (fidorOS/fOS) and associated services to banks across the Americas.

Today, banks are facing many challenges, not just high fees and lack of transparency, but competition from emerging fintech companies who are entering the market with modern applications and innovative solutions. With the industry going through a digital transformation, it’s crucial for banks to be more agile with their corporate payments solutions or risk being disrupted.