Tagged: digitalization

Provenir Introduces Onboarding Fraud Solution to Minimize Losses Due to Fraudulent Activities

As the financial services world becomes increasingly digitized and consumer demands evolve, fraudsters and their methods are becoming more sophisticated, according to an update from Provenir. Provenir, a global firm focused on AI-powered risk decisioning software, is helping organizations fight back “by detecting these emerging… Read More

Sweden’s Riksbank Announces Mats Eklund as Head of IT and Digitalization Unit

Mats Eklund has been announced as the new Head of Information Technology and Digitalization Department at Riksbank. The Executive Board of the Riksbank has reportedly appointed Mats Eklund new Head of the Information Technology and Digitalization Department. Mats comes most recently from “a position as… Read More

Global Fintech Ant International and Partners Introduce “Embrace the Power of Small” Campaign

On 2024 International MSME Day, Ant International, a digital payment and financial services provider, shares that it supports almost 100 million Micro, Small, and Medium-sized Enterprises (MSMEs) worldwide across its businesses and partner programs; and reinforces its commitments towards MSME digitalization and inclusion through the… Read More

Refine Intelligence Introduces Digital Client Outreach for Check Fraud Prevention

Refine Intelligence launched its Digital Customer Outreach for Check Fraud Prevention solution for banks, addressing a growing wave of check fraud fueled by mail theft and advanced counterfeiting techniques. Responding to the massive caseload that is overwhelming fraud analysts, the Refine solution – which works… Read More

Project mBridge to Continue Exploring Multi- Central Bank Digital Currency (CBDC) Platform

Project mBridge continues its development and has reached the minimum viable product (MVP) stage, while broadening its international reach. The project aims to explore a multi-central bank digital currency (CBDC) platform “shared among participating central banks and commercial banks, built on distributed ledger technology (DLT)… Read More

Basel Committee Releases Report on Digitalization of Finance

The Basel Committee on Banking Supervision recently released a report that considers the implications of the ongoing digitalization of finance on banks and supervision. The report builds on the Sound Practices: implications of fintech developments for banks and bank supervisors released in 2018, and “takes… Read More

Regtech Socure, the Provider of AI for ID Verification Solutions, Releases Report Focused on State of Digital Identity

Socure, the provider of artificial intelligence for digital identity verification, sanctions screening, and fraud prevention, today released a new report titled, “The State of Digital Identity in 2024”, in partnership with The Center for Digital Government. According to the Government Accountability Office, the federal government… Read More

ADDX Launches Blockchain based Fixed Income Marketplace and Supports Multi-Issuer Debt Issuance Program

Private market exchange ADDX Pte. Ltd., regulated by the Monetary Authority of Singapore, has launched the blockchain-based ADDX Fixed Income Marketplace and pioneered a Multi-Issuer Debt Issuance Program for companies to conveniently issue digitized commercial paper and bonds. The Digitized Bonds are expected to “be… Read More

Consumers Are Increasinly Being Victimized by Fraudulent Activities on Gig Economy Platforms – Report

More than one-third of American consumers have been victimized by fraud while using gig economy platforms, like delivery and ride-sharing apps, according to a new report from TransUnion (NYSE: TRU). This represents a 21% increase from its last survey of gig-economy consumers in July 2023…. Read More

Open Property Data Association Supports Standardization to Help Enhance Homebuying Process in the UK

The Open Property Data Association supports the standardization of open property data to streamline the homebuying process for buyers, sellers, estate agents and solicitors with its trust framework – another example of #datasharing that will benefit the UK economy. The Open Property Data Association supports… Read More

US Treasury Dept, Cloudflare, Others Partner to Share Early Warning Threat Intelligence for Financial Institutions

Cloudflare, Inc. (NYSE: NET), the connectivity cloud company, announced a partnership with the United States Department of Treasury and Pacific Northwest National Laboratory (PNNL) under the US Department of Energy in order “to improve the cyber resilience of the financial services industry by sharing an… Read More

Digital Payments: Singapore, Malaysia, Thailand Have Reportedly Implemented Domestic Instant Payment Schemes with Strong Adoption

Many countries have launched or are in the process of launching instant payment rails, which are transforming how payments are made and processed, the researchers at Juniper Research noted. However, one key limitation with national payment rails is “that they can only facilitate payments domestically,… Read More

PayPal Release Global Impact Report, Highlighting Key Digital Commerce Trends Worldwide

At PayPal (NASDAQ: PYPL), they claim to be focused on a goal to empower consumers and merchants worldwide to engage in the global economy, all while doing good in the world. The PayPal 2023 Global Impact Report details how their progress on their corporate sustainability… Read More

Volante Technologies Reportedly Secures Fedwire Funds Service ISO 20022 Certification

Volante Technologies, the global enabler of payments as a service, announced its achievement of Fedwire Funds Service certification for the ISO 20022 messaging capabilities of its wire payment processing solutions. This certification provides Volante customers “a streamlined fourteen-week pathway to ISO 20022 compliance for their… Read More

Digital Asset Custody Provider Copper and TON Expand Partnership with USDT and TON Support

Copper, which claims to be one of the industry’s leading digital asset custodians, today announced the integration of The Open Network (TON), a decentralized and self-governing blockchain network, into its infrastructure. Access to Tether’s newly launched USDT-TON has now “been fully integrated directly into Copper’s… Read More

Accenture to Acquire Parsionate, Expanding Ability to Enable Generative AI Adoption

Accenture (NYSE: ACN) has agreed to acquire Parsionate, a data consultancy specialized in data products and modern data foundation services, ranging from data strategy development to technology implementation. With deep industry-specific capabilities in the retail and industrial sector, as well as in the consumer goods… Read More

Borderless AI and Nium Enhance Employer of Record Business with Real-Time Cross-Border Payments

Borderless AI, an Employer of Record (EOR) services provider, announced its strategic partnership with Nium, the global enabler of real-time, cross-border payments, aiming to revolutionize cross-border payments in the EOR industry. This collaboration is said to mark a significant milestone in “enhancing efficiency, transparency, and… Read More

Malta Financial Services Authority Concludes Discussions on Future of Securities Supervision

The Malta Financial Services Authority (MFSA), through its Financial Supervisors Academy (FSA), recently carried out a session focused on “The Future of Securities Supervision: A 2035 Outlook.” Chaired by MFSA Chief Officer Supervision, Christopher P. Buttigieg, the discussion brought together figures from European Union regulatory… Read More

CBDCs: Pakistan Is Reportedly Exploring the Feasibility of Launching a Digital Currency

Pakistan’s Finance Minister Muhammad Aurangzeb recently stated that the nation’s government is looking into integrating digital currency transactions within the Asian country’s financial ecosystem. While addressing attendees at the World Economic Forum (WEF) special meeting held in in Riyadh, Minister Aurangzeb commented on Pakistan‘s efforts… Read More

Tether Acquires Stake in Brain-Computer-Interface Firm Blackrock Neurotech

Tether, which claims to be one of the largest companies in the digital asset industry, announced that it has made a strategic investment of $200 million into Blackrock Neurotech, the enabler of Brain-Computer-Interface (BCI) technology, through its newly formed venture division Tether Evo. With this… Read More

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