The European Commission has introduced reforms to the regulations governing the electronic payments sector, among them, mitigating fraud by enabling the payment service providers to share information. It comes at a time the fintech ecosystem is growing. Also included in the revised Payment Services Directive are the measures that would extend the refund rights for […]
EU Unveils Sweeping Reforms to Drive Growth in Fintechs Read More »
FundingShield, a market-leading, cloud-based firm providing fintech solutions to manage risk, compliance and fraud prevention, has entered a partnership with Mastercard to leverage its open banking platform delivered by Finicity, a Mastercard company. FundingShield provides live, source data-based technology products and SaaS solutions that have been used to secure the funds of over $2.5 trillion
FundingShield Leverages Mastercard Open Banking to Expand Payment Verification Solutions Read More »
Tata Consultancy Services’ Digital Platform for Life and Pensions Powered by TCS BaNCS Enters Continental Europe; Will Transform the Insurer’s Operating Model in Germany and Austria Tata Consultancy Services (TCS) has entered into a strategic partnership with Standard Life International DAC (SLIDAC), a wholly owned subsidiary of the Phoenix Group, to transform its operating model
Whether we go by rail, bus, or subway, commuting is an essential aspect of our everyday life. Traditional payment methods such as cash and tickets are rapidly being replaced by contactless payment options as technology progresses. These cutting-edge solutions enable commuters to pay for their trips by just tapping or waving their contactless cards or
The Future of Commuting with Contactless Payments Read More »
Industry hype is focused on digital wallets and alt-pays – but in a new white paper, Nordic payments leader Tietoevry outlines five ways the mobile phone and payment card can work together for greater speed, convenience and security. Will the future be card or mobile payments? Biometric security Biometric security features like user fingerprints and
5 ways cards and phones work together to make payments better Read More »
The necessity for quick transactions and real-time payment settlements has grown critical in an increasingly fast-paced and digital society. Traditional payment systems, which frequently include delays and time-consuming processes, are being replaced by innovative solutions that allow for rapid transactions. Real-time payment settlements, for example, are poised to transform the way organizations and consumers conduct
How Do Real-Time Payment Settlements Impact Businesses and Individuals? Read More »
Linking any Mastercard card to the Alipay digital wallet makes e-payments in China even easier With the resumption of travel and tourism to China in full swing, Mastercard and Alipay, China’s leading digital open platform under Ant Group, announced the launch of a new payments option that provides international arrivals to China with another simple and secure way to go cashless when visiting
HSBC found AML AI identified 2-4x more suspicious activity, while reducing alert volumes by more than 60% Google Cloud announced the launch of Anti Money Laundering AI (AML AI), an artificial intelligence (AI)-powered product designed to help global financial institutions more effectively and efficiently detect money laundering. Money laundering is a complex problem with a growing
Google Cloud Launches AI-Powered AML Product for Financial Institutions Read More »
The security and scalability of financial transactions are critical in the digital age. Traditional computing methods have processing power and encryption capabilities limits. The emergence of quantum computing, on the other hand, holds great promise for changing the finance industry. In this article, we will look at how quantum computing might improve security and scalability
Can Quantum Computing Enhance Security and Scalability in Financial Transactions? Read More »
Advanced, user-friendly services and features such as QR-code payments and mobile-native experiences are driving RTP adoption among consumers in APAC, with eight out of the top 10 countries in mobile wallet adoption being from the APAC region Real-time payments (RTP) transaction volumes in the Asia Pacific (APAC) region are expected to grow from 49.2 billion
