FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and daily.
AI Now automatically Detects Illegal Financial Flows: What You Need to Know
A research project has created an algorithm for the automated detection of illegal money transfers. The conditions for the use of artificial intelligence in sensitive sectors will be verifiable. Current software-based detection technologies struggle with imprecision and frequently produce inaccurate results against the laundering of illicit funds.
WhatsApp and Stripe Help Singapore Businesses Accept Payments Directly in Chats
Stripe, a financial infrastructure platform for businesses, announced a partnership with WhatsApp that allows Singapore businesses to accept payments directly in WhatsApp chats. The new feature is built on Stripe Connect and Stripe Checkout, and enables Singapore customers and businesses to buy and sell directly in WhatsApp without having to go to a website, open another app, or pay in person.
Temenos Banking Cloud Reaches Record High Transactions and Scales Efficiently and Sustainably for Banking-as-a-Service
Temenos, published new high-water benchmark performance results for Temenos Banking Cloud on Microsoft Azure and MongoDB Atlas infrastructure. The benchmark scenario simulated a client with 50 million retail customers, 100 million accounts and a Banking-as-a-Service (BaaS) offering for 10 brands and 50 million embedded finance customers on a single cloud instance.
Credolab Partners with Taktile to Empower the Use of Behavioral Data in Financial Decision-Making
Fintech scaleup credolab joins forces with automated decisioning platform Taktile making it easier for financial organizations to leverage alternative data for launching new products, reducing risk, and making more accurate decisions.
Visa’s Blockchain Based Innovations Can Take Small Businesses to the Next Level
Visa, a world leader in digital payments, was one of nine finalists tasked with exploring innovative blockchain-based use cases for the Real Digital (Brazil’s central bank-issued digital currency, or CBDC) as part of the most recent LIFT Challenge. The company partnered with Agrotoken, Microsoft, and Sinqia to develop its submission.
