Major UK banks adopt Swift consumer payments framework Barclays, HSBC, Lloyds and NatWest will be among the first financial institutions in the world to go live with Swift's new framework for ...

Visa and Mastercard back new Agentic Payments Alliance Visa, Mastercard, Fiserv, Circle, Solana, and Remitly have joined the Agentic Payments Alliance (APA), a coalition of organisations working ...

CIBC launches AI platform to take on advisors' administrative work Canada's CIBC has rolled out an AI-powered platform designed to carry out administrative work so that advisors can spend more time ...

Two generative AI assistants developed by the teams managing BBVA’s contact centres in Italy and Germany — the Group’s two fully digital banks — have reduced the average handling time for the most ...

Shares in PayPal plummeted more than 13% on Friday on reports that Stripe and Advent International have pulled out of their ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Founded by former Google Deep Mind and Meta AI scientists, ...

The industry often lauds the success of new technologies and rapid advances in real-time payments, but, for some, these ...

Bain Capital has led a $74 million minority growth investment in technology-driven clearing and custody player RQD* Clearing.

Socure, the identity and risk intelligence infrastructure platform, has raised funding from investors including Goldman Sachs ...

The Bank of England's new innovation mandate is a governance fix for a regulator that moved slowly and had to be told to move ...

The real cost of correspondent banking is the working capital held motionless in nostro accounts, funding a settlement time ...

A correspondent bank is an institution that clears US dollars on behalf of other financial institutions. Direct access to ...