As digital transactions surge, businesses face increasing fraud risks, evolving customer expectations, and complex regulatory requirements. To address these challenges, GBG has launched GBG Go, an intelligent, all-in-one identity platform that simplifies onboarding, enhances fraud prevention, and ensures seamless compliance—all through a single, easy-to-use solution. “Businesses must optimise how they verify genuine customers while navigating rising fraud threats and regulatory shifts,” said Gus Tomlinson, Managing Director – Identity Fraud at GBG. “With GBG Go, we empower businesses to accept more legitimate customers, boost ROI, and minimise fraud—without added complexity.” Why GBG Go? In today’s fast-paced digital economy, balancing security and…
Author: Editorial Team
The Central Bank of Oman (CBO) has announced that, effective July 1, 2025, the International Bank Account Number (IBAN) will be required for all domestic financial transactions. This move aims to streamline payment processes, reduce errors, and accelerate fund transfers for individuals and businesses. Enhancing Banking Efficiency and Security The introduction of IBAN for local transactions is expected to enhance banking accuracy, minimize processing delays, and improve security in financial transfers. By standardizing account numbers, IBAN helps prevent misdirected payments and manual processing errors, ensuring a seamless banking experience. IBAN Already in Use for International Transfers CBO initially launched IBAN…
Oak Ridge, Tenn.-based Y-12 Federal Credit Union (Y-12 FCU) has taken a major step in enhancing member service by upgrading its entire fleet of self-service devices to Interactive Teller Machines (ITMs) from NCR Atleos Corporation (NYSE: NATL) (“Atleos”). The transition marks a significant investment in digital banking innovation, offering members a seamless blend of self-service efficiency and personalized support. Previously operating a mixed fleet of ATMs and ITMs, Y-12 FCU has now fully transitioned to ITMs, allowing members to conduct transactions with a live teller via video chat—creating a virtual in-person banking experience. This strategic upgrade not only improves operational…
As one of the premier events shaping the future of financial services, FinovateSpring 2025 is set to attract 1,200+ senior executives, including 600+ decision-makers from banks, credit unions, and other financial institutions. The event will spotlight over 50 top fintech companies demonstrating breakthrough solutions in areas such as: ✅ Embedded finance✅ Banking-as-a-Service (BaaS)✅ AI-powered risk management & fraud prevention✅ Next-gen loan & financial product applications✅ Payroll & direct deposit switching✅ Wealth management & investing tools✅ Customer personalization in banking✅ Payments processing Meet the 2025 Demo Companies This year’s FinovateSpring demo lineup includes: 🔹 Auditive🔹 BankShift🔹 Casca🔹 Cinareo Solutions🔹 CollaborationRoom.ai🔹 Covet🔹…
Proxymity, a leading digital investor communications platform, has partnered with State Street Corporation (“State Street”) to successfully integrate Proxymity’s Vote Connect Total solution into the German market. This milestone follows the platform’s expansion into 14 markets in January 2025, marking a key step in State Street’s ongoing transition to Proxymity’s cutting-edge proxy voting technology. By adopting Vote Connect Total, institutional investors with assets in Germany can now experience real-time transparency and direct voting up to the market deadline, eliminating artificial cut-offs. As a fully digital-native solution, the platform removes manual processes, streamlines operational workflows, and enhances governance outcomes through seamless…
The Interledger Foundation (ILF) is strengthening its mission to build an open, interoperable digital financial ecosystem with a new $5 million funding round. With investments surpassing $21 million, the foundation continues to support fintech startups and web-based platforms that enhance global money movement through the Interledger Protocol (ILP). Operating in 40+ countries, ILF is actively working with businesses to redefine financial infrastructure and introduce innovative payment solutions. Through this initiative, the foundation seeks to fund projects that eliminate barriers in cross-border and domestic transactions, making payments seamless, affordable, and accessible. Eligible organizations can now apply for funding on the Interledger…
Cognizant (Nasdaq: CTSH) has partnered with ServiceNow (NYSE: NOW) to introduce an AI-driven Business Process as a Service (BPaaS) solution designed to help mid-market banks in North America optimize their dispute management processes. This innovative platform leverages artificial intelligence, automation, and data analytics to enhance efficiency, compliance, and customer satisfaction. Many mid-market banks face challenges with manual dispute processing, fragmented systems, regulatory complexities, and customer dissatisfaction due to delayed resolutions. By integrating ServiceNow’s cutting-edge dispute management technology with Cognizant’s expertise in banking operations, this new AI-powered BPaaS solution aims to ✅ Streamline dispute resolution with minimal manual intervention✅ Reduce chargeback…
FV Bank, a fully licensed U.S. digital bank specializing in both traditional and digital asset banking solutions, has officially launched its SWIFT services, marking a significant milestone in its global payment offerings. With the activation of its SWIFT BIC code (ITTLPRS2XXX), FV Bank now enables clients to receive international wire transfers from a vast network of over 11,000 financial institutions across more than 200 countries. This integration enhances FV Bank’s ability to facilitate secure, reliable, and efficient cross-border transactions, complementing its existing payment solutions, including ACH, Fedwire, and stablecoin-based payments. By bridging traditional banking with digital asset innovations, FV Bank…
Tuum, a next-generation core banking provider, has renewed its core banking software agreement with Fiinu Plc, a UK-based fintech and creator of the Plugin Overdraft®. This strategic renewal supports Fiinu’s white-label expansion, leveraging Open Banking to drive innovative credit solutions at scale. Building on a successful past deployment, this partnership aligns with Fiinu’s growth strategy, enabling seamless integration of its Plugin Overdraft® into third-party banking environments. With Tuum’s cloud-native, API-first infrastructure, Fiinu can rapidly scale its offering while maintaining a robust and high-performance banking core. Supporting Fiinu’s White-Label Growth Strategy The renewed agreement enables Fiinu to onboard multiple institutional partners…
PayPal has announced a strategic partnership with Ignyte, a Dubai-based digital platform dedicated to supporting startups and small businesses. This collaboration aims to enhance payment efficiency, simplify cross-border transactions, and accelerate business expansion in the digital economy. As a founding partner, PayPal will equip entrepreneurs with cutting-edge financial solutions, enabling them to scale internationally with seamless payment processing. Ignyte: A Hub for Innovation and Growth Launched in October 2024 under the Dubai Digital Economy Strategy, Ignyte is committed to positioning the UAE as a global innovation hub. The platform provides startups with mentorship, investor access, and over 250 resources from…