Commonwealth Bank of Australia (CBA) has reported significant success in combating fraud through the early adoption of Generative AI (GenAI) technologies. At a strategic update in Sydney, the bank revealed how its AI-powered tools have contributed to a 50% reduction in customer scam losses and a 30% decline in reported fraud cases. CBA ... Read More

Norway has officially partnered with the Eurosystem’s Target Instant Payment Settlement (Tips) service, planning to add the Norwegian krone (NOK) to the system by the first half of 2028. This integration aligns Norway with its Nordic neighbors, as the Swedish krona (SEK) and Danish krone (DKK) are set to join Tips in 2025. With ... Read More

UK-based payments group SumUp has achieved a significant milestone, processing over one billion transactions annually. Despite its success, the fintech giant remains in no rush to go public. Initially focused on payments, SumUp has expanded its offerings to include business accounts, payment cards, and merchant software. The company now ... Read More

In a major cybersecurity breach, hackers infiltrated the Central Bank of Uganda and stole $17 million from Treasury accounts. The attack, attributed to the Southeast Asia-based hacker group “Waste”, took place in September. Reports suggest it was a partial inside job, with some bank employees allegedly aiding the ... Read More

Partior, a fintech specializing in ledger-based interbank systems for real-time clearing and settlement, has secured a $20 million investment from Deutsche Bank. This investment marks the final close of Partior’s Series B funding round, bringing the total raised to $80 million. Partior’s Origins and Purpose Partior emerged from ... Read More

Lunar, the Nordic challenger bank, appoints Robert Stambro as CFO effective December 1, 2024. With over two decades of financial expertise and experience in IPO readiness, Robert aims to drive Lunar’s growth and strategic expansion. Former CFO Rie Ruby transitions to a new senior role, ensuring leadership continuity. Lunar continues ... Read More

Payments APIs power cashless transactions by enabling secure, seamless, and global payments. From faster checkouts to fraud prevention, they revolutionize how we handle money in an increasingly digital ... Read More

FinTech APIs revolutionize loan approvals by enabling instant data access, risk assessment, and global accessibility, simplifying financing for ... Read More

Payments APIs revolutionize peer-to-peer transfers, offering fast, secure, and inclusive solutions for seamless global money movement in real ... Read More

Fintech APIs enable secure, seamless features in popular apps like Uber, PayPal, and Amazon, revolutionizing global convenience and ... Read More

Fintech APIs are revolutionizing finance by enabling secure, seamless integration of payment systems, fostering innovation, and driving financial inclusion ... Read More

Payment APIs protect digital transactions with encryption, fraud detection, tokenization, and compliance. They ensure secure, seamless payments ... Read More