The Payments Association

NOVEMBER 13, 2024

This vision for the next iteration of the Internet—one powered by blockchains that enable direct, automated and trusted interactions—can be seen across a range of growing use cases and is being put into practice by startups and traditional financial companies alike. The signals of this steadily emerging new reality are all around us.

Blockchain 88

Blockchain Use Case Financial Inclusion Stablecoins 88

Global Fintech & Digital Assets

MARCH 5, 2024

Regulator sets out its expectations for banks looking to provide digital asset custody services, and sell and distribute tokenised products. Additionally, the Securities and Futures Commission (SFC) and the HKMA published guidance around distribution of virtual asset products (e.g.,

Authorization 59

Authorization Product Due Diligence Procedures 59

Fintech News

OCTOBER 16, 2024

Swift aims to address the growing sophistication of financial criminals and the rising cost of fraud, estimated at US$485 billion globally in 2023. The initiative is part of Swift’s broader efforts to use AI to improve the security of cross-border payments.

Fraud Detection 106

Fraud Detection SWIFT AI Financial Crimes 106

PYMNTS

MARCH 11, 2020

Although QuickBooks Connect ’s event was canceled due to the coronavirus earlier this month, Intuit has made public the new product enhancements that were originally planned to be announced during the conference. Below, PYMNTS rounds up the latest in commercial card innovation. QuickBooks Adds Card Payment Support.

Use Case 52

Use Case B2B Commercial Card Cross-Border 52

The Fintech Times

MAY 14, 2024

Temenos , the SaaS cloud banking solution provider, has launched new generative AI solutions as part of its AI-infused banking platform, in a move hoping to change how banks interact with their data, as well as boost productivity and profitability. Temenos generative AI also enables users and regulators to verify the results produced.

AI 121

AI Financial Crimes Audit Crime 121

The Fintech Times

SEPTEMBER 17, 2024

Xalts explained that, through its partnership with Avalanche, it will provide out-of-the-box solutions for various use cases such as the tokenisation of funds, securities, commodities and trade finance assets, digital currencies, and CDBCs.

Multi-Currency 63

Multi-Currency Use Case Blockchain Digital Currency 63

FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022). To carry the use case forward a bit, let’s first consider exposure portfolio management in an unstressed environment. This blog is co-authored with David Binder, Senior Director of Scores Product Management. Saxon Shirley. Thu, 05/12/2022 - 07:46.

Addressing 52

Addressing Risk Credit Limit Risk Management 52

Basis Theory

JUNE 18, 2024

Action is most likely required for your Production Tenant. Here’s how we’re enhancing reliability and security: Test Tenants now have specific Rate Limits to prevent test environments from impacting production stability. The rate limit is lower but still based on IP address. Will you notify me if I’m still using a Legacy key?

Security 88

Security API Addressing Use Case 88

PYMNTS

AUGUST 14, 2020

We have deep dives into address verification, D2C shopping and Google ’s transition to the SAP Ariba network. The Clearing House On The Race for Real-Time Payments In The US. Report: Address Verification APIs Fix eTailers’ Last-Mile Problem. Google Almost Done With Transition To SAP Ariba Network. Trackers And Reports.

Addressing 64

Addressing Verification FedNow Fed 64

Finovate

MAY 13, 2024

At launch, the new GenAI tools will be available within Temenos Wealth and Temenos Digital products. The Switzerland-based company is making the solutions available as part of its AI infused banking platform, starting with its Temenos Wealth and Temenos Digital products.

AI 105

AI Financial Crimes Audit Crime 105

The Fintech Times

OCTOBER 9, 2024

According to Xalts, RWA Cloud provides out-of-the-box solutions that enable financial services, governments, and other enterprise developers looking to build digital asset platforms for implementing blockchain, tokenisation, and smart contract applications for different use cases.

Blockchain 52

Blockchain Use Case Treasury Management Governance 52

Fintech Finance

SEPTEMBER 13, 2024

The new guideline, developed by the FPC’s Operational Considerations Work Group, sponsored by Endava , dives deep into the practical considerations FIs must address to successfully implement instant payments, from liquidity management to fraud mitigation, business continuity, and staffing requirements. The post U.S.

Instant Payments 131

Instant Payments Faster Payments FPC Real Time Payments 131

Fintech Finance

OCTOBER 15, 2024

The first banks to go live in production are CEC Bank and Libra Internet Bank, BRD Groupe Societe Generale, ING Bank Romania, BCR, and Banca Transilvania are also in advanced stages of implementation, with RoPay set to launch later this year and in 2025. The first available use is for proximity-based person-to-person (P2P) payments.

Instant Payments 98

Instant Payments Online and Mobile Banking Processors Payments 98

Fintech News

APRIL 16, 2024

But in order to leverage the benefits of gen AI, risk and compliance functions must establish clear guidelines and frameworks that not only address inbound risks from gen AI but which also ensure the responsible usage of gen AI, a new paper by McKinsey says. Financial services companies are also ramping up investments in gen AI.

Risk Management 112

Risk Management AI Risk Use Case 112

The Fintech Times

NOVEMBER 30, 2024

AIHK’s mission is to help businesses and organisations harness the potential and power of AI, align with i nternational standards and introduce new AI-related use cases and applications to boost productivity, efficiency and competitiveness across the key industries in Hong Kong.

AI 71

AI Innovation Regulations Use Case 71

Fintech Finance

DECEMBER 3, 2024

This new product, available to customers across the European Economic Area (EEA), enables businesses to issue both physical and virtual Visa cards and to manage expenses with ease, providing enhanced fraud protection, simplified tracking, and flexible spending limits. As businesses grow, managing expenses becomes increasingly complex.

Debit Card 52

Debit Card API Assessments Use Case 52

Fintech News

MAY 13, 2024

The AI technology is designed to be seamlessly integrated with banks’ existing data infrastructures and addresses common challenges related to data security and privacy. The Generative AI technology by Temenos is versatile, applicable across customer service, middle office operations, and product development.

AI 106

AI Financial Crimes Crime Mitigation 106

Fintech Finance

AUGUST 14, 2024

Kelvin Li, Head of Platform Tech, Ant International said: “This milestone with DBS is an important step forward in addressing challenges like reducing costs and transaction risks for cross-border payments. DBS’ permissioned blockchain is Ethereum virtual machine (EVM)-compatible and is integrated with its core payments engine.

Liquidity Management 98

Liquidity Management Treasury Multi-Currency Cross-Border Payments 98

Fintech News

NOVEMBER 17, 2024

These cloud cores provide them with the freedom to launch new products and services in new markets quickly without having to build a financial infrastructure from the ground up. With Oradian’s latest product development, Custom Code° , customisation capabilities can be not only matched but bettered by in-house systems.

SWIFT 109

SWIFT API Underserved Interoperability 109

The Fintech Times

NOVEMBER 22, 2024

A number of financial and technology industry partners are joining forces to launch a new programme focused on addressing financial crime, in alignment with International Fraud Awareness Week. This collaboration will deepen FRIL’s impact in tackling financial crime, with a specific focus on five use cases provided by industry.

Financial Crimes 58

Financial Crimes Crime Innovation FinTech 58

Fintech News

JUNE 18, 2024

This architecture is intended to serve as a sample framework instead of norms to comply to, helping organizations quickly start the pilot phase or plan the implementation process as they adopt the technology, from initial use cases to full-scale enterprise deployment.

AI 115

AI Use Case Risk Deepfake 115

The Fintech Times

OCTOBER 25, 2024

. “This year’s survey findings provide good evidence that there is indeed scope for a model that provides sustainable compensation for banks and also delivers a strong incentive to merchants to adopt CVRP as a lower cost alternative to debit cards ,” explained Charles Damen , chief product officer at Token.io.

Use Case 58

Use Case Debit Card Participant Consumer Protection 58

The Finance Weekly

DECEMBER 12, 2021

Companies may use data to make better decisions, gain a better understanding of market trends and customers, create smarter products and services, improve corporate operations, and generate new revenue streams. But what does this mean for those tasked with evaluating the return on investment of a data strategy and business use cases?

Use Case 90

Use Case Privacy Assessments Returns 90

Fintech Finance

FEBRUARY 8, 2024

The membership underlines Brite’s commitment to industry collaboration as it expands its product offering across Europe. By collaborating with The Payments Association, Brite aims to support the Association’s mission, as well as growing awareness of the potential of instant bank payments to address merchant pain points.

Instant Payments 52

Instant Payments Best Practices Payments Addressing 52

The Fintech Times

MAY 16, 2024

However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. Martin Goycoolea Scott , product lead and builder at web3 wallet Zeal , explains: “It’s been an exciting year for digital assets.

Innovation 79

Innovation Blockchain Stablecoins AI 79

Fintech News

JULY 7, 2024

Projections suggest that the burgeoning ASEAN digital economy will contribute an additional US$1 trillion to the regional Gross Domestic Product (GDP) over the coming decade. In this case, OceanBase is investing heavily in its technology advancements and positioning itself to meet these future trends.

Database 117

Database Economy On-Demand Innovation 117

The Fintech Times

AUGUST 14, 2024

Leveraging AI for fraud detection (68 per cent) and answering enquiries on banking products and solutions (61 per cent) were cited as desired applications by consumers from a banking perspective. Use outside of banking There is also high interest by Singapore consumers to use gen AI for money management.

AI 74

AI Consumer Fraud Detection Payments 74

FICO

JUNE 11, 2021

To carry the use case forward a bit, let’s first consider exposure management in an unstressed environment. Promote usage and loyalty via product upgrades and deepen customer relationships via cross-sell campaigns in low FICO® Resilience Index ranges.

Risk 52

Risk Addressing Consumer Financial Protection Bureau (CFPB) Credit Risk 52

Fintech Finance

APRIL 19, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, is pleased to announce the release of its latest report, How QR Codes Address ‘the Last Mile’ Adoption of Faster Payments at the Point-of-Sale.

Faster Payments 59

Faster Payments FPC Payments Best Practices 59

Fintech News

FEBRUARY 27, 2024

This integrated approach seeks to simplify the technological landscape for banks, reducing the dependency on multiple vendors and streamlining the process of offering diverse financial products.

Facilitators 102

Facilitators Use Case On-Demand API 102

Fintech Finance

AUGUST 15, 2024

As the adoption and coverage of RFP grows, customers can leverage it for faster, irrevocable, 24×7 pay-ins while also using it to address ACH’s insufficient funds risk. With the rise of new payment use cases and heightened customer expectations, the demand for faster payments in the U.S. is growing.

Instant Payments 105

Instant Payments Treasury RFP RTP 105

Fintech Finance

OCTOBER 30, 2024

As part of Fnality’s vision to develop a regulated FMI that addresses a variety of pain points across the financial market, these successfully settled margin transfers are a first step in exploring the potential use of £FnPS for cleared margin payments in the future, subject to further regulatory analysis.

Distributed Ledger Technology (DLT) 96

Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments 96

The Fintech Times

APRIL 8, 2024

Global law firm DLA Piper, i n partnership with The Fintech Times and The Fintech Power 50, recently hosted a fascinating evening event at its head office in London addressing how established players and disrupters in the insurance industry can navigate through the complexities of artificial intelligence (AI).

AI 58

AI Risk Legal Framework Use Case 58

Nanonets

APRIL 30, 2024

This article also delves into the intricacies of using AI for PDF data extraction, exploring the challenges it addresses, the mechanisms of AI-based PDF parsers , and the overall benefits of AI to extract data from PDFs. Cost-Effectiveness: Over time, the use of AI reduces costs associated with manual labor and correction of errors.

AI 52

AI Due Diligence Automation Use Case 52

The Fintech Times

JANUARY 13, 2024

The result is an AI tool that can be rapidly deployed for clients and has the power to streamline access, connectivity and understanding of data across multiple asset classes to increase operations productivity. Consequently, it addresses the unique needs and challenges faced by the industry.

AI 58

AI Posting Settlement SWIFT 58

The Fintech Times

MARCH 20, 2024

in key cities and use cases. The PBOC will work with relevant parties, further develop payment use cases, and coordinate efforts to address any shortcomings and weaknesses. It will direct CNY 3 billion to focus on acceptance terminal upgrades, signage placement and publicity, etc.

Use Case 58

Use Case Online and Mobile Banking Governance Government 58

Stax

FEBRUARY 19, 2024

But not all SaaS products are alike. Some solutions, like Slack or Microsoft, are useful for any kind of business. Vertical SaaS solutions are tailored for specific industries, addressing niche needs with in-depth customization and compliance with industry standards. What is Vertical SaaS?

CRM 88

CRM Regulatory Compliance Compliance On-Demand 88