Top 5 Stories of the Week in Fintech
Mastercard announces that it has extended its partnered with Entrust in efforts to address rising identity fraud rates.
An addition to the existing partnership sees Mastercard’s Identity insights integrated into the Entrust Identity Verification Security Platform.
How EU Instant Payments is Reshaping Finance Infrastructure
The EU's instant payments mandate sets clear deadlines: banks have been required to receive instant payments since January, with sending capabilities due by October 2025.
While institutions focus on meeting the mandated timeframes for real-time transfers, the operational implications run much deeper than upgrading payment systems.
Fraud: How Are Fintech Partnerships Fighting Back?
How have companies such as Mastercard, Nasdaq Verafin and BioCatch forged partnerships to help in the global fight against fraud?
Fraud, one of the more pressing issues which fintech aims to address, affects businesses and consumers alike. Far from being a victimless crime, it has psychological and deep economic impact.
Partnerships between fintechs have surged in an effort to tackle the global rise of financial crime, with reports suggesting that AI has been a significant player in the digital payments fraud landscape.
AI technology could be a hindrance, however, some recent partnerships have made the efficient technology work for them.
easyGroup and Uphold: Launch of Accessible easyBitcoin
easyGroup, owner of easyJet and easyHotels, has launched into the crypto sector with easyBitcoin on app supported by Uphold after research insights
The app is aimed at everyday users of Bitcoin, aiming to make buying and selling the cryptocurrency more accessible and more affordable.
The launch comes after research by Uphold suggests an increase in crypto users in the future. The report also states that users find accessing, holding, selling and buying crypto challenging.
The New Engine Room: The Rise of AI in FinTech
From fraud detection to customer experience, AI is the essential tool driving a revolution in banking and finance innovation across the fintech sector.
The industry’s adoption rate tells a clear story. With three-quarters of financial organisations now actively using AI, a sharp increase from 58% in 2022, the technology has become a competitive necessity. As the fintech sector grows towards a projected annual revenue of US$1.5tn by 2030, AI is fundamentally linked to that trajectory, driving efficiency and enabling new services.
