Cross-Border Payment Infrastructure
29 articles
I&M Bank pushes digital trade finance upgrade with Surecomp
I&M Bank is rolling out a digital trade finance system with Surecomp, looking to speed up business in Kenya and expand to Tanzania, Rwanda, Uganda, and Mauritius.
BNG completes core banking overhaul as Amir Arooni exits leadership
Bank Nederlandse Gemeenten has completed a sweeping core banking and cloud migration in under a year, closing the chapter on Amir Arooni's interim leadership and welcoming a new permanent CIO.
OpenPayd targets US expansion with billion dollar Nasdaq move
OpenPayd is set to merge with MSB USA and integrate 43 state money transmitter licenses, aiming to secure a $1.145 billion Nasdaq listing and expand regulated payment services for global clients entering the US market
Salla acquires PayLink to expand Saudi merchant payment options
Saudi fintech Salla has acquired PayLink and partnered with Naml to deliver broader payment acceptance and distribution tools for over 65,000 Saudi merchants seeking to reach customers at home and abroad
Eftsure expands global reach with Relish acquisition and AI integration
Eftsure's purchase of US-based Relish brings advanced AI-powered vendor validation and invoice automation under one roof, aiming to secure payments for over 4,000 businesses across 190 countries
Félix Raises $200 Million to Expand AI-Driven Remittance Services
Félix, a US-based cross-border payment platform, has secured $200 million in new funding to develop AI-powered financial services for the Latino diaspora, with plans to expand into lending, savings, and new Latin American markets
Federal Bank launches new digital loan system with M2P Fintech
Federal Bank in India has rolled out a custom loan origination platform with M2P Fintech, aiming to speed up digital lending and improve integration with fintech partners. The move comes as the bank reports double-digit growth in lending volumes
Allica Bank Seeks Swedish Licence to Expand Digital Business Banking
Allica Bank has applied for a Swedish banking licence, aiming to extend its digital business banking services beyond the UK and potentially into other EU markets, as part of a broader European growth strategy
Deutsche Bank to Consolidate Core Systems with Thought Machine
Deutsche Bank is investing €600 million to overhaul its Private Bank division's core infrastructure in Germany, selecting Thought Machine's Vault Core for a decade-long transition aimed at reducing complexity and long-term costs
Banco Inter Expands Merchant Payments in Brazil With ACI Worldwide
Banco Inter is upgrading its merchant payment platform in Brazil through a partnership with ACI Worldwide, aiming to broaden payment acceptance-including Pix-and strengthen fraud prevention and analytics for 100,000 businesses
Major Banks Adopt Ant International's FalconTST 2.0 for FX Risk
Barclays, Citi, Deutsche Bank, and Standard Chartered are now using Ant International's FalconTST 2.0 AI platform to improve forecasting and manage currency risk in cross-border payments, with new features designed to address real-world data challenges
Tokenised Deposits, Stripe's $7bn Deal and US Stablecoin Bank Lead Fintech Week
Major fintech developments this week include the first live tokenised deposit on Swift's blockchain ledger, Stripe's $7bn acquisition of OpenRouter, and US approval for a Trump-backed stablecoin trust bank. Executive changes and a $448m bank merger also feature
Flagstar Bank Begins Phased Shift to Fiserv Finxact Core Platform
Flagstar Bank is consolidating its legacy systems onto Fiserv's Finxact core, aiming to streamline operations and reduce technical debt after merging three institutions. The transition is part of a broader technology overhaul with no set go-live date.
Revolut Applies to Open Finnish Bank Branch Amid European Expansion
Revolut has submitted an application to establish a bank branch in Finland, aiming to offer local account numbers and expand its European presence following recent regulatory approval in Greece
UnionPay Expands E-Commerce Payments in Nine African Countries
UnionPay International and Standard Bank have extended their partnership to enable nearly 900 merchants in nine African markets to accept online payments in local and US dollars, broadening payment options for businesses and consumers.
Strata Credit Union Unifies Digital Banking With Alkami Platform
Strata Credit Union is overhauling its digital banking by adopting Alkami's platform, aiming to streamline payments, transfers, and card management while offering members new financial wellness tools and improved visibility into their finances
Stripe to Acquire OpenRouter in $7 Billion AI Payments Deal
Stripe is set to buy OpenRouter, an AI infrastructure start-up, for over $7 billion, signaling a major move beyond payments into AI-driven billing and cross-border payment technology.
Ingenico Secures €150 Million to Reshape Payment Technology
Ingenico, a leading French payment technology provider, has raised €150 million to overhaul its capital structure, invest in new products, expand its team, and accelerate international growth in key markets.
Emirates NBD Taps Dubai Future District Fund for Fintech and AI Expansion
Emirates NBD is joining forces with Dubai Future District Fund to accelerate the adoption of fintech and AI solutions, aiming to streamline banking operations and improve digital services for customers and businesses in the UAE.
Maybank Joins MAS BLOOM Project to Trial Tokenised Settlements
Maybank Group is partnering with the Monetary Authority of Singapore's BLOOM initiative to test tokenised bank liabilities and regulated stablecoins, aiming to offer new alternatives to traditional correspondent banking in cross-border payments
National Bank of Canada Unifies Fund Services With Multifonds Platform
National Bank of Canada is overhauling its fund and ETF administration by adopting Multifonds' centralized platform, aiming to streamline operations, reduce manual processes, and strengthen oversight across multiple jurisdictions
Varo Bank Enables Free Cash Deposits at Kroger Stores Across US
Varo Bank customers can now deposit cash without fees at over 2,000 Kroger Family grocery locations nationwide, following a new partnership with Green Dot and integration of the Arc platform
BRICS Weigh Cross-Border Payment Links and Digital Currency Integration
BRICS countries are considering ways to connect their fast payment systems and central bank digital currencies, aiming to lower cross-border transaction costs and improve efficiency for businesses and consumers
UW Credit Union Extends Fiserv Partnership for Core Payment Upgrades
UW Credit Union has renewed its agreement with Fiserv, aiming to modernise its core processing and payment systems. The move introduces new APIs and automation, with implications for efficiency, risk management, and digital banking services.
Wells Fargo to Launch Tokenised Deposits for USD-GBP Payments
Wells Fargo is preparing to introduce a blockchain-based service for corporate clients, enabling cross-border and account-to-account payments in US dollars and British pounds using tokenised deposits, with broader expansion planned for 2027
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