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AFP: Fraud is the biggest painpoint for accounts payables automation

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AFP: Fraud is the biggest painpoint for accounts payables automation

Kicking off the first day of AFP, the conference for finance and treasury professionals held in Nashville, Tennessee this year, Mike Watercott, CTP, working capital consultant, US Bank, led a discussion on striking the balance in payments with Andy Sullivan, vice president of channel sales, Bottomline and Cynthia MacGeagh, treasury manager, Clayton Homes.

DBS rolls out blockchain-powered banking for institutions

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DBS rolls out blockchain-powered banking for institutions

Singapore's DBS has integrated a suite of blockchain-powered capabilities within its core transaction banking services for institutional clients.

Wise gains direct access to Japan’s payment clearing network – Reuters

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Wise gains direct access to Japan’s payment clearing network – Reuters

Wise has become the first foreign firm to receive approval for direct access to Japan’s bank payment clearing network Zengin.

Banks urged to act now to avoid future quantum catastrophe

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Banks urged to act now to avoid future quantum catastrophe

Banking regulators have put the financial industry on notice that they must begin immediately developing plans for mitigating quantum computing risks.

Stripe in talks to acquire stablecoin platform Bridge

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Stripe in talks to acquire stablecoin platform Bridge

Payment firm Stripe is reportedy in advance talks to acquire stablecoin platform Bridge, according to sources cited by Bloomberg.

FCA to open AI Lab

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FCA to open AI Lab

The FCA is launching an AI Lab to work alongside banks, tech firms, academia and consumer groups to explore how AI can be safely and effectively integrated into financial services

Monzo launches new premium plan as business customers surpass 500,000

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Monzo launches new premium plan as business customers surpass 500,000

With 500,000 businesses now on its books, digital challenger Monzo has launched a new subscription-based premium product plan, opening up a host of new services.

Swift unveils AI-powered real-time fraud barrier

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Swift unveils AI-powered real-time fraud barrier

Banking co-operative Swift is rolling out an AI-powered anomaly detection service to help banks proactively detect and defend against potential financial crime.

Microsoft banking lead Christofi joins PwC as partner

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Microsoft banking lead Christofi joins PwC as partner

Lilia Christofi, formerly Microsoft’s head of banking in Emea, has joined PwC to lead the consulting firm's financial services data and AI team.

Ripple readies for stablecoin launch

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Ripple readies for stablecoin launch

Ripple is preparing to launch a US dolar denominated stablecoin, roping in a host of exchange partners and customers in the digital asset industry.

Fintech angel fund Rerail hits $20 million funding target

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Fintech angel fund Rerail hits $20 million funding target

Rerail, an angel fund for fintech startups, has closed on a $20 million warchest.

Russia urges Brics countries to develop cross-border alternative to Swift

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Russia urges Brics countries to develop cross-border alternative to Swift

Russia is pushing for the creation of a new cross-border payment system for Brics countries as part of a scheme that would help the country to evade financial sanctions and reduce its reliance on the US dollar.

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