Tag : SWIFT

Dakota Raises $12.5M in a Series A funding round led by CoinFund to Bring Banking into the Internet Age
Banking Finance Fintech News

Dakota Raises $12.5M in a Series A funding round led by CoinFund to Bring Banking into the Internet Age

PR Newswire
by PR Newswire0
Dakota, the crypto-integrated business banking platform, today announced it has raised $12.5 million in a Series A funding round led by CoinFund, with participation from 6th Man Ventures (6MV) and Triton Ventures. The new capital will accelerate Dakota’s mission to build the world’s first globally accessible business bank account, combining the speed and......
Conduit Raises $36 Million Series A to Scale Use of Stablecoins for Cross-Border Payments
Cryptocurrency Digital Payments Finance Fintech News

Conduit Raises $36 Million Series A to Scale Use of Stablecoins for Cross-Border Payments

Business Wire
by Business Wire0
Conduit transaction volumes surged 16x in 2024, surpassing $10 billion in annualized payment volume. It will use new funding to expand its geographic reach and increase the range of fiat and digital currencies supported through its innovative real-time global payment rails. Conduit, a leading cross-border payments platform powered by stablecoins,......
Chainlink and 8 Major Market Participants Launch AI-Powered Corporate Actions Initiative To Address Unstructured Data Challenge for the Financial Industry
Artificial Intelligence Blockchain News

Chainlink and 8 Major Market Participants Launch AI-Powered Corporate Actions Initiative To Address Unstructured Data Challenge for the Financial Industry

PR Newswire
by PR Newswire0
The industry initiative brings together leading financial and market infrastructures, Euroclear and Swift, along with some of the world’s largest financial institutions, including UBS, Franklin Templeton, Wellington Management, CACEIS, Vontobel, and Sygnum Bank. Chainlink announced the results of an industry initiative that harnesses the combined advancements in AI, oracles, and blockchain technology......
Nium Enables Financial Institutions to Connect to its Real-Time Payments Network via Swift
Finance Fintech News

Nium Enables Financial Institutions to Connect to its Real-Time Payments Network via Swift

PR Newswire
by PR Newswire0
The initiative allows banks to make payments through Nium using their existing Swift capabilities, eliminating the need for complex API integration and lowering cost of cross-border transfers Nium, the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift......
Swift to Launch AI-Powered Fraud Defence to Enhance Cross-Border Payments
Artificial Intelligence Digital Payments Fintech News

Swift to Launch AI-Powered Fraud Defence to Enhance Cross-Border Payments

Business Wire
by Business Wire0
Swift is rolling out an AI-powered anomaly detection service to help banks proactively detect and defend against potential financial crime The new service follows a successful pilot with financial institutions across Europe, North America, Asia and the Middle East, and is part of a broader portfolio of Swift-facilitated AI innovation......
Lakeside Bank Adds Real-Time Payments and Enhances Swift Processing With Volante Technologies
Digital Payments Fintech News

Lakeside Bank Adds Real-Time Payments and Enhances Swift Processing With Volante Technologies

PR Newswire
by PR Newswire0
Community bank modernizes payments services with Volante’s Payments as a Service (PaaS) for SWIFT cross-border, RTP real-time, and FedNow instant payments Volante Technologies, the global leader in Payments as a Service (PaaS), announced that Lakeside Bank, a leading community bank with over $2.64 billion in assets that specializes in serving mid-sized and larger......
Swift-and-Global-Banks-Launch-AI-Pilots-to-Tackle-Cross-Border-Payments-Fraud
Artificial Intelligence Finance Fintech News

Swift and Global Banks Launch AI Pilots to Tackle Cross-Border Payments Fraud

Business Wire
by Business Wire0
The cooperative has convened financial institutions for two pilots that will use AI to enhance fraud detection in cross-border payments Swift is using its unique role to bring the finance industry together to improve anti-fraud capabilities by using leading AI technology AI could help the payments industry save billions in......
Swift Standardises Payments End-to-End and Gives Banks Ready-to-Use Tracking Services to Enhance Corporate Experience
Digital Payments News

Swift Standardises Payments End-to-End and Gives Banks Ready-to-Use Tracking Services to Enhance Corporate Experience

Business Wire
by Business Wire0
Swift has set out plans to help financial institutions streamline the cross-border payments experience for their corporate customers, by extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labelled tracking services that can be activated for customers at the click of a button. In what marks a......
Veritran connects with Swift to enhance user experience and increase transparency in cross-border payments
Finance Fintech News

Veritran connects with Swift to enhance user experience and increase transparency in cross-border payments

PR Newswire
by PR Newswire0
The collaboration aims to address demands from users, retail, SMEs and large corporations. Synergy enhances speed and transparency by streamlining financial operations. Veritran announces a collaboration with Swift, the world’s leading provider of financial messaging services, that will enable financial institutions to offer an enhanced and streamlined cross-border payments experience......
Digital Digital Payments Featured Fintech Primers

What Are Cross-Border Payments In The UK?

Pooja Choudhary
by Pooja Choudhary0
Introduction In this blog, we shall highlight the CBP for the United Kingdom. Any “national payment” or “cross-border payment” made in British pounds or any other EU currency that requires a currency conversion falls under the purview of the UK regime. All parties involved in a “national payment” are based......
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