A leading compliance figure warns banks to prioritise transparency and demonstrated performance before embracing autonomous AI solutions in anti-money laundering efforts. Banks have been told for years that artificial intelligence will trim false alerts, speed up reviews and, eventually, decide…
Cashe, once a prominent player in India’s digital lending space leveraging phone data and social signals, faces a sharp business contraction after years of rapid growth, highlighting the volatile nature of tech-driven fintech models. CASHe, once promoted as a lending…
Ninth Wave’s newly released Compass platform leverages AI and Amazon Bedrock to streamline API analysis and integration, slashing onboarding times for banks and fintech partners by up to 95%. The system promises enhanced security, faster workflows, and alignment with industry…
In an increasingly complex payment ecosystem, relying solely on sandbox environments is no longer enough. Real-world validation through crowdtesting and comprehensive strategies is essential to prevent revenue loss and enhance customer trust. A payment can appear to work perfectly in…
India is exploring faster cross-border transactions by linking its digital rupee with CBDCs in Thailand, Malaysia, and Vietnam, signalling a flexible approach to international trade and payments amid political and technical hurdles within BRICS. India is exploring a faster way…
As digital finance firms rush to market, integrating real-time regulatory intelligence from the outset is becoming crucial. The growing number of US bank charters and intensified oversight mean compliance is now a prerequisite for rapid and successful launches, transforming how…
Sony Bank and Fujitsu have transitioned generative AI from pilot to live deployment in their core banking system, reducing development time and man-hours significantly while maintaining human oversight, signalling a major shift in Japanese banking technology. Sony Bank and Fujitsu…
Union Minister Nitin Gadkari has launched ‘OneTag’, a new feature enabling motorists to change their FASTag issuer bank without replacing the sticker, streamlining toll payments and enhancing user convenience across India. Union road transport and highways minister Nitin Gadkari has…
Bank of Baroda has launched bob World 2.0, a next-generation mobile banking app featuring voice-enabled payments, personalised experiences, and AI-powered security, aiming to redefine customer engagement across mobile and web platforms. Bank of Baroda has launched bob World 2.0, a…
A new biometric payment system called PalmAI, developed by Positivo Tecnologia and Tencent Cloud, offers palm-based Pix transfers in Brazil, aiming to streamline transactions at high-traffic venues and potentially transform contactless payments. A new payment system in Brazil is aiming…
India’s financial regulators have launched a pilot programme to tokenise corporate bonds, integrating distributed ledger technology and the wholesale digital rupee to modernise bond issuance, settlement, and trading infrastructure. India’s financial regulators have opened a pilot programme that could change…
Anmol Verma highlights the evolving role of AI agents in finance, advocating for systems that interpret, respond and learn, transforming how investors manage their portfolios. Investment platforms have become far more capable over the past decade, but they still rely…
