MAS Collaborates With Banks and Technology Partners on Quantum Security

• 5 months 3 weeks ago
• Banking

The Monetary Authority of Singapore (MAS), DBS, HSBC, OCBC, UOB, SPTel and SpeQtral today signed a Memorandum of Understanding (MoU) to embark on quantum security collaboration and study the application of Quantum Key Distribution (QKD) [1] in financial services. QKD can help financial institutions (FIs) protect the exchange of cryptographic keys to address the cybersecurity threats posed by quantum computing.

New Research Finds Consumers Demand Payment Choice, Worry About Cash Access, and Remain Optimistic About Their Financial Future

• 5 months 3 weeks ago
• Cash management

Over half of consumers worldwide (56%) have changed their spending habits from a year ago, not only becoming more price conscious but demanding payment choice, from debit cards and bank transfers to digital wallets and cash, according to new research from Paysafe, a global payment processor and digital wallet provider.

10x Banking and LTIMindtree Announce Global Partnership to Accelerate Banks’ Modernization Journeys

• 5 months 3 weeks ago
• Banking

10x Banking, the next gen cloud-native core banking platform, and LTIMindtree, a global technology consulting and digital solutions company, today announced a global partnership agreement, making LTIMindtree a key global implementation partner for 10x’s transformational meta core banking platform . This collaboration will enable financial institutions to embrace the significant momentum in the market as banks look to adopt modern core banking...

90% of Americans Worry About Rise in Fraud, 74% Think AI Will Increase Successful Fraud Attempts, Abrigo Survey Finds

• 5 months 3 weeks ago
• Fraud Detection

Abrigo, a leading provider of financial crime prevention and risk management solutions for U.S. financial institutions, today announced compelling new survey results revealing how Americans feel about financial fraud, their fears about AI’s impact on fraud, and some misconceptions that endure. The vast majority of Americans (90%) are worried about the rise in fraud: More than half (51%) are “extremely concerned” and another 39% are “somewhat...

New Debit Card Launches to Help People Accelerate UK Scientific Discovery and Innovation via Everyday Spending

• 5 months 3 weeks ago
• Payments

People are now able to support UK innovations across health, climate change and tech by simply spending on their card, with the new Science Card account and Mastercard debit card. Through its free account, Science Card customers can choose which UK university project(s) they’d like to support and automatically contribute to these projects each time they use their Science Card.

Airwallex Processing Volume Surges Past $100 Billion

• 5 months 3 weeks ago
• Infrastructure

Airwallex, a leading global payments and financial platform for modern businesses, has surpassed $100 billion in annual processing volume, up 73 percent year-on-year. Airwallex has seen growing volumes across all products, including payments, FX, payouts, and issuing, and an annual run rate revenue approaching $500 million.

Vixio Wins Compliance Solution Stevie® Award in 2024 International Business Awards®

• 5 months 3 weeks ago
• Compliance

IDEX Biometrics and TaluCard Bring Inclusive Biometric Payment Solutions to Market in Europe

• 5 months 3 weeks ago
• Payments

TaluCard, in collaboration with IDEX Biometrics and a London based issuer is launching its state-of-the-art biometric payment solution. This groundbreaking initiative is set to transform payment solutions with a strong focus on accessibility and security for all users, including those with visual impairments and members of the aging community.

Abound Partners With D•One for Open Banking Services

• 5 months 3 weeks ago
• Open Banking

D•One, the open banking business unit from The ClearScore Group, has announced a partnership with Abound to provide open banking connectivity and transaction categorisation intelligence.

TransUnion Partners with receeve to Drive Innovation in the Collections Industry

• 5 months 3 weeks ago
• AML and KYC

TransUnion, a global information and insights company, and receeve, an all-in-one platform for collections and recovery, proudly announce a strategic partnership to deliver increased collections autonomy and profitability through AI-powered insights and strategy optimisation, all seamlessly integrated into the receeve platform.

DBS Launches Blockchain-Powered Treasury Tokens Pilot with Ant International for 24/7 Treasury and Liquidity Management

• 5 months 3 weeks ago
• Blockchain

DBS today announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquidity management solution, in collaboration with Ant International. Ant International will be able to use the digital form factor to achieve instant, multi-currency treasury and liquidity management on DBS’ permissioned blockchain for their entities across multiple markets.

Bitget Appoints Top 20 Legal Leader Hon Ng as New Chief Legal Officer

• 5 months 3 weeks ago
• People Moves

Bitget, the leading cryptocurrency exchange and Web3 company, has announced the appointment of Hon Ng as its Chief Legal Officer. With over two decades of experience, Hon has extensively been working with governments and policymakers for global corporations. At Bitget, he will oversee the group’s adherence to regulatory requirements worldwide.

NETS Launches NETS SoftPOS, a Terminal-Less Payment Solution for Swifter and More Cost-Efficient Payment Transactions

• 5 months 3 weeks ago
• Payments

Network for Electronic Transfers (NETS), Singapore’s leading payment services group, has launched NETS SoftPOS, a terminal-less payment solution for swifter, seamless and more cost-efficient payment transactions. Merchants can now download the NETS SoftPOS app from the Google Play Store and use their Android smart devices as payment terminals to accept contactless payments.

PayZen Closes $232M B Round In Equity and Debt Led By NEA To Boost Healthcare Affordability with AI

• 5 months 3 weeks ago
• Fundraising News

Today PayZen, a technology company tackling healthcare affordability with AI-powered solutions, announced an oversubscribed Series B, led by NEA, with full participation from existing investors including 7wireVentures, SignalFire, 

Insurity Launches New Spreadsheet API Solution to Enhance Insurance Product Development

• 5 months 3 weeks ago
• Insurtech

Insurity, the leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, today announced the launch of Insurity Spreadsheet API, a solution designed to help insurance organizations launch new insurance products faster by transforming the business logic in sprea