Tackling Regulatory Complexity with Compliance-by-Design
The BIS and central banks from four countries have successfully embedded compliance into cross-border payments through Project Mandala, reducing regulatory hurdles and enhancing transaction ... Read More
HSBC and Ant International Report Success with Blockchain-Based Tokenized Deposit Transfers
HSBC and Ant International have successfully tested HKD-denominated tokenized deposits under the HKMA’s Project Ensemble Sandbox, showcasing real-time, cross-bank, and 24/7 payment ... Read More
FCA Fines Wise CEO Käärmann £350,000
Wise CEO Kristo Käärmann fined £350,000 by the FCA for delayed disclosure of tax default; Wise Board maintains confidence in his leadership following internal ... Read More
Mastercard Launches Bill Qkr to Transform Digital Bill Payments
Mastercard's Bill Qkr offers a streamlined solution for bill payments, enhancing security and convenience for businesses and consumers worldwide through partnerships across ... Read More
DailyPay Launches International Remittance Feature for Global Money Transfers
DailyPay introduces International Remittances, enabling users to transfer earnings globally in real time. With Visa Direct, DailyPay aims to enhance financial wellness for employees with family ... Read More
J.P. Morgan and ValidiFI Partner on Bank Account Verification Services
J.P. Morgan partners with ValidiFI to enhance bank account verification with real-time solutions, reducing fraud and streamlining digital transactions on the ACH ... Read More
Western Union to Acquire Singapore Mobile Wallet Dash
Western Union has announced plans to acquire Dash, a popular mobile wallet from Singaporean telecom company Singtel. The financial details of the deal were not disclosed. Launched in 2014, Dash allows users to pay, remit, save, invest, and ... Read More
Mastercard Expands Product Express Platform to Accelerate Fintech Card Launches Globally
Mastercard has expanded its Product Express platform to new regions, allowing fintechs to quickly roll out card programs in as little as 15 days. After launching in Latin America earlier this year, the platform is now live in Africa, the ... Read More
Lunar Bank Launches Europe’s First GenAI Native Voice Assistant
In a European first, Nordic challenger bank Lunar has introduced a virtual assistant powered by GenAI Native Voice technology, utilizing the advanced GPT-4o model. This AI-driven assistant provides 24/7 personalized customer support ... Read More
Bank of America’s AI Patents Surge 94% Since 2022
Bank of America’s (BofA) push into artificial intelligence (AI) has resulted in a 94% increase in AI and machine learning (ML) patents, with nearly 1100 patents and pending applications in its portfolio. More than half of these have ... Read More