International Payments - Page 2
44 articles
Polygon Labs Tests Digital Pound Settlement in Bank of England Lab
Polygon Labs is working with the Bank of England's Digital Pound Lab to test how a digital pound and stablecoins could settle cross-border payments, aiming to improve speed and efficiency for international business transactions
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
AI Agents Challenge Human Accountability in Financial Services
As AI agents begin to initiate tasks in banking and payments, financial institutions must rethink how authority, supervision, and responsibility are structured across their organizations
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
US Regulator Blocks Bunq's Bid for National Bank Charter
Dutch neobank Bunq's attempt to launch a US national bank has been rejected by the Office of the Comptroller of the Currency, raising questions about capital adequacy, management experience, and the challenges of entering the American financial sector
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
SIDBI Expands Invoice Validation With MonetaGo Secure Financing
India's Small Industries Development Bank has rolled out MonetaGo's Secure Financing system across its GST-Sahay platform, aiming to reduce invoice fraud and improve credit access for micro, small, and medium-sized businesses
Deutsche Bank to Clear Renminbi Payments Directly in Europe
China has appointed Deutsche Bank as the first European renminbi clearing bank, giving European businesses and financial institutions direct access to China's onshore payment and settlement systems for cross-border transactions
MVB Bank Automates Compliance Checks With Bretton AI Partnership
MVB Bank is outsourcing its initial KYC and AML compliance screening to Bretton AI, aiming to boost efficiency and consistency while managing regulatory risk as its embedded finance and payments business grows
ABN Amro Partners with Mistral AI to Advance Secure Banking Technology
ABN Amro is working with Mistral AI to develop artificial intelligence solutions tailored for European banking, aiming to strengthen data privacy, regulatory compliance, and reduce reliance on non-European tech providers
Ordway Raises $20 Million to Boost AI in Billing Automation
Ordway, a Washington DC-based billing platform, has secured $20 million in new funding to accelerate its AI-driven automation and forecasting tools, aiming to double its research and development budget and expand into payment processing
Nayax Seeks US Bank Charter for Embedded Finance Expansion
Nayax has applied to establish a chartered bank in Connecticut, aiming to expand its embedded finance services for US businesses. The move could reshape how small and medium firms access payments, deposits, and credit tools
Visa Moves to Acquire BioCatch as TMX Group Reshapes US Markets
Visa's planned $2.4 billion acquisition of BioCatch and TMX Group's $800 million investment in MEMX highlight a week of major fintech deals, regulatory fines, and new banking ventures with global implications for payments and compliance
Belize Bank Modernises Digital Services with Backbase Banking OS
Belize Bank is overhauling its digital banking by integrating Backbase's AI-native Banking OS, aiming to streamline customer onboarding, unify business cash-flow visibility, and strengthen fraud prevention and identity verification
Rabobank to Invest €2 Billion in AI and Data Overhaul by 2029
Rabobank will allocate up to €2 billion over three years to expand its artificial intelligence and data infrastructure, aiming to modernize operations and improve services for its customers in the Netherlands and beyond
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