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Central banks prove use case for embedding compliance into cross-border transactions

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Central banks prove use case for embedding compliance into cross-border transactions

The Bank for International Settlements (BIS) along with central banks in Australia, Korea, Malaysia and Singapore have successfully demonstrated the feasibility of embedding regulatory compliance requirements with cross-border financial transactions.

HSBC and Ant International laud results of blockchain-based tokenized deposit transfers

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HSBC and Ant International laud results of blockchain-based tokenized deposit transfers

HSBC and Ant International have completed HKD-denominated cross-bank blockchain-based test transactions under the Hong Kong Monetary Authority’s Ensemble Sandbox.

Fintech investment sector remains muted

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Fintech investment sector remains muted

Venture capital investment in US fintech remains muted, hovering near a six-year low for the sector, as deal flow has shifted toward the early stage, according to a report from Silicon Valley Bank.

AFP: Truist Bank exec says speed and simplicity is how to delight customers

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AFP: Truist Bank exec says speed and simplicity is how to delight customers

Finextra sat down with Chris Ward, EVP enterprise payments for Truist Bank, to talk about what he sees coming in the future of payments.

Temenos hires Barb Morgan from LSEG as chief product and technology officer

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Temenos hires Barb Morgan from LSEG as chief product and technology officer

Temenos has hired Barb Morgan, formerly of LSEG and FIS, as chief product and technology officer.

AI patents at BofA increase 94% since 2022

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AI patents at BofA increase 94% since 2022

Bank of America's artificial intelligence push has led to a 94% increase in AI and machine learning granted and pending patent applications since 2022.

AFP: FedNow vs. The Clearing House’s Real Time – where does Request for Payment fit in?

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AFP: FedNow vs. The Clearing House’s Real Time – where does Request for Payment fit in?

Taking to the stage on the penultimate day of the AFP conference in Nashville’s Music City Center, were Netflix’s Joshua Karoly, The Clearing House’s Cheryl Gurz, US Bank’s Mike Thomas in a panel led by Strategic Resource Management’s Dean Nolan.

Infinity Ventures closes $184m fintech fund

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Infinity Ventures closes $184m fintech fund

Infinity Ventures, the early-stage fintech and commerce venture firm founded by PayPal veterans, has raised a $184 million Fund II.

Stripe to pay $1.1bn for stablecoin platform Bridge

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Stripe to pay $1.1bn for stablecoin platform Bridge

Stripe has confirmed an agreement to acquire stablecoin platform Bridge in a deal worth around $1.1 billion.

AFP: Business continuity starts with careful plans

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AFP: Business continuity starts with careful plans

A series of tough questions greeted a room of just-arrived attendees to AFP in Nashville, Tennessee before the keynote address from Malcolm Gladwell who delved into weighty matters, exploring anecdotes and examples from his new book Revenge of the Tipping Point.

Europe's Target Settlement system to join cross-border instant payment project

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Europe's Target Settlement system to join cross-border instant payment project

Europe's Target Settlement system is to join Project Nexus, a Bank for International Settlements initiative to connect domestic real-time networks across borders.

Tide acquires payroll provider Onfolk

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Tide acquires payroll provider Onfolk

Business finance platform Tide has acquired UK payroll provider for SMEs Onfolk. Terms of the deal have not been disclosed.

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