EBA White Paper Urges PSPs to Act Now on Instant Cross-Border Transfers
- 4 months 2 weeks ago
- Payments
Evolving customer expectations, global standardisation efforts and regulatory pressure from the G20 Roadmap for cross-border payments are driving the implementation of One-Leg Out Instant Credit Transfer (OCT Inst) solutions in Europe. These solutions are designed to enhance cross-border payments by leveraging existing domestic real-time infrastructures, particularly within the Single Euro Payments Area (SEPA).
Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering
- 4 months 2 weeks ago
- FinTech StartUps
Day two of Money20/20 Middle East in Riyadh brought together global leaders in fintech, banking, and financial services to discuss the future of money and finance in the region.
Tuum and Abwab.ai Partner to Deliver End-to-End SME Lending Solutions in the Middle East
- 4 months 2 weeks ago
- Lending
Tuum, a next-generation core banking platform provider, today announced a strategic partnership with Abwab.ai, a leading AI-driven financial services enabler, to deliver a seamless, end-to-end digital lending solution for Small and Medium Enterprises (SMEs) across the Gulf Cooperation Council (GCC).
Adyen, Partner of LVMH, Redefines Payments in the Global Luxury Sector
- 4 months 2 weeks ago
- Payments
Adyen, the global financial technology platform for leading businesses, is supporting LVMH, the world leader in luxury goods, in a major international initiative: the unification of payment systems across all of its Maisons. Adyen’s solutions are live in nearly 50 of the group’s Maisons around the world, spanning fashion and leather goods, exceptional hospitality, watches and jewelry, beauty, and department stores.
Payall Payment Systems, Inc. Supports the FedNow® Service, Advancing U.S. Payment System
- 4 months 2 weeks ago
- Payments
Payall Payment Systems, Inc. announced today it can now support live transactions on the Federal Reserve’s instant payment rail, the FedNow Service. Payall joins a lineup of service providers facilitating transaction activity for financial institutions on the service. Through the FedNow Service, Payall is positioned to offer financial institution customers access to instant payments, helping them remain competitive and offer best-in-class...
Thredd and Reap Announce Global Partnership to Expand Card Programmes
- 4 months 3 weeks ago
- Infrastructure
Thredd, the leading next-generation global payments processor, announced today the expansion of their partnership with Reap, a global fintech company that offers stablecoin-enabled card programs, white-label stablecoin card issuance, and
Pennies Partners With Castles Technology to Launch Micro-Donations on Android Payment Terminals
- 4 months 3 weeks ago
- Payments
Pennies, the UK's leading micro-donation charity, has successfully launched its innovative solution on Castles Technology hardware, a leader in Android payment acceptance. This collaboration enables customers to easily add a small donation to their purchases in-store, seamlessly combining convenience with charitable giving.
Ant International Named Inaugural Foreign Partner of China’s Cross-Border Interconnection Payment Gateway
- 4 months 3 weeks ago
- Payments
Ant International has been appointed as one of the inaugural Foreign Institution Partners (FIPs) of China’s Cross-Border Interconnection Payment Gateway (CPG), established under the guidance of the People’s Bank of China and the Payment & Clearing Association of China (PCAC). Ant International and Alipay are the largest player in the CPG scheme with the largest number of card network and wallet partners, the broadest use cases and largest...
GFT’s Generative AI Credit Risk Assistant to Inform Major Lending Decisions
- 4 months 3 weeks ago
- Lending
Global digital transformation company GFT Technologies today announced its work to launch a generative AI powered credit risk assistant in the U.S. to inform and scale lending decisions for private capital firms and banks. The new tool automatically pieces together vast amounts of financial data to create credit reports, reducing timelines from hours and even days to mere minutes while ensuring compliance.
Compass Plus Technologies Unveils FraudAxis: AI-Powered, Real-Time Fraud Management Solution for Financial Institutions
- 4 months 3 weeks ago
- Fraud Detection
Compass Plus Technologies, a global provider of retail banking and payments software, today announced the launch of FraudAxis, its next-generation fraud management platform designed to help financial institutions detect, prevent, and predict fraud in real time across all payment channels.
Time-Strapped Small Business Owners Prioritise AI Among Strategies
- 4 months 3 weeks ago
- Infrastructure
Time pressures are limiting the ability of small businesses to focus on growth, according to new American Express research, with over two-fifths (43%) of small businesses looking to AI to help tackle this challenge.
Tuum Powers Bank CenterCredit’s Digital Transformation, Setting a Blueprint for BaaS and Core Modernization in Global Banking
- 4 months 3 weeks ago
- Banking
Tuum, the leading next-generation core banking provider, today announced it has been selected by Bank CenterCredit (BCC), Kazakhstan’s third-largest bank, to power its new Banking as a Service (BaaS) proposition. This landmark partnership establishes a strategic model for incumbent banks globally to innovate at speed, compete with digital challengers, and unlock new revenue streams through embedded finance.
WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance
- 4 months 3 weeks ago
- Fundraising News
WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), today announced it raised $45 million in funding. The round was led by Georgian, a growth-stage B2B investor helping companies scale faster via its AI Lab. The new investment furthers the company’s focus on delivering agentic AI to the burgeoning $155 billion FCC operations industry.
Over Half of Brits Lack Retirement Confidence as Cost-of-Living Bites
- 4 months 3 weeks ago
- Personal Finance
New research from PensionBee, a leader in the consumer retirement market, reveals that September is a pinch point for household budgets, with rising bills leading many to reconsider their long-term savings. A nationally representative survey of 1,000 UK adults found that utilities and energy bills (26%) and food (20%) top the list of September money worries, followed by back-to-school costs (16%) and rent or mortgage payments (15%).
Qasemi Islamic Microfinance Bank and TerraPay Partner to Enable Real-Time Inbound Payments to South Yemen Accounts and Wallets
- 4 months 3 weeks ago
- Payments
Qasemi Islamic Microfinance Bank (QIMB) and TerraPay, a global money movement company, today announced a strategic partnership at Money2020 Middle East. The partnership is to enable digital payouts in USD and SAR to all bank accounts and mobile wallets across South Yemen.
