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3 ways generative AI is being used in Financial Services

09 Jun 23 @ 09:32

Artificial intelligence (AI) and the financial services industry are not new bedfellows. As far back as 1982, hedge fund firm Renaissance Technologies developed expert, or knowledge systems to solve problems... read more

SEC bares sharp teeth with escalation of case against Coinbase and Binance

09 Jun 23 @ 09:30

The Securities and Exchange Commission (SEC), which this week launched aggressive legal pursuits of both Binance and Coinbase, demonstrates what we can expect to see in US policy setting for... read more

Phasing out Magstripe: What does the industry need to do?

09 Jun 23 @ 09:06

With the magstripe set to disappear from millions of new payment cards by the end of the decade, the Smart Payments Association (SPA) has looked at the potential impacts and... read more

Software AG and Konsentus sign global Open Banking partnership

09 Jun 23 @ 08:41

Software AG has signed a commercial partnership with Konsentus to help banks securely participate in the Open Banking ecosystem. Open Banking and Open Finance are opportunities to level the playing... read more

RS2 and Rubean announce partnership to deliver a global SoftPOS

07 Jun 23 @ 08:17

RS2 and Rubean AG have announced a strategic partnership to introduce Rubean’s SoftPOS solution on the RS2 global payment platform. With Rubean’s market leading PhonePOS solution, the business owner’s Android... read more

Flutterwave and Token.io team up to provide Pay By Bank transfer

07 Jun 23 @ 08:09

Flutterwave, Africa’s leading payments technology company, has collaborated with Token.io to power Pay By Bank transfer capabilities for Flutterwave’s platform. A2A payments (often called ‘Pay By Bank’) are a fast... read more

93% of global fintechs increase reliance on payment networks

07 Jun 23 @ 07:54

Discover has released its annual Fintech State of the Union, providing global perspectives from consumers, fintech vendors, and venture capitalists. The research study commissioned by 451 Research of S&P Global Market... read more

Account to Account (A2A) payments take off; now worth over half a trillion dollars

06 Jun 23 @ 07:41

The 2023 version of The Global Payments Report by Worldpay, has revealed that Account to Account payments are now worth $525 billion globally – and are projected to grow at... read more

SEC takes aim at Binance “extensive web of deception”

06 Jun 23 @ 07:32

The Securities and Exchange Commission has sued Binance, the world’s largest crypto exchange. The 13 civil charges filed accuse Binance of violations including mixing billions of dollars of customer cash... read more

Project Leap: Protecting banking infrastructure in the quantum age

05 Jun 23 @ 13:54

A secure communication channel designed to protect financial data against future threats from quantum computers has been successfully established by the BIS Innovation Hub Eurosystem Centre and its Eurosystem partners,... read more

White paper: Phygital payments are here. Are you ready?

05 Jun 23 @ 12:54

A new white paper from global security technology group and paytech leader Giesecke + Devrient explains why the world of phygital payments is already with us, and how banks and payments... read more

M2020: BPC and Ellipse partner on integrating EVC dynamic security code

04 Jun 23 @ 12:00

BPC has announced an enhanced partnership with Ellipse World (Ellipse). The partnership will focus on bolstering security measures and privacy for customers by integrating EVC (Ellipse Verification Code), its dynamic... read more

Some say payment cards are yesterday. But they could be key to the future…

02 Jun 23 @ 10:00

Amid all the hype about a digital future in which consumers transact instantly between their accounts using digital wallets, it can be easy to lose sight of the present –... read more

Diebold Nixdorf files for chapter 11 bankruptcy – pressure on for hardware providers

01 Jun 23 @ 15:52

Diebold Nixdorf (Company), which sells ATMs, payment terminals and other technology, has announced that it, certain of its subsidiaries and certain creditors collectively holding a significant majority of the its... read more

2023 Online Identity Study: Deepfakes target digital identity

01 Jun 23 @ 12:43

Jumio has released its  2023 Online Identity Study, the second instalment of its annual global consumer research, conducted by Censuswide. This year’s results highlight an understanding among consumers around how... read more

Kasisto launches KAI-GPT: Banking specific Large Language Model

01 Jun 23 @ 11:03

Kasisto, creators of KAI, have launched of KAI-GPT, the world’s first banking-specific large language model (LLM), designed to address the industry’s unique needs for accuracy, transparency, trustworthiness and customisation. Powered by... read more

US fraud statistics: FAI/Deepfake multiply at alarming rates

31 May 23 @ 16:30

New Q1 2023 fraud statistics for North America and how they compare to 2022 have been released. The information is based on data collected from the US and Canada during... read more

Market research and prototyping exercise confirm feasibility of digital euro

31 May 23 @ 11:53

The European Central Bank (ECB) has published two reports on its market research and prototyping exercise, which were both conducted as part of the investigation phase of the digital euro project. The... read more

Trending

ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more