Citi and Ant International Pilot AI-Enabled Forecasting Solution LeapRate

July 18, 2025 BY Sam Boughedda

Citi and Ant International Pilot AI-Enabled Forecasting Solution

The companies explained in a press release on Friday that the programme is using artificial intelligence to improve forecasting accuracy and reduce hedging costs. The collaboration centres on Ant International’s Falcon Time-Series Transformer (TST) Model, which incorporates AI-powered time series forecasting with nearly 2 billion parameters. Combined with Citi’s Fixed FX Rates solution, the tool…

July 16, 2025 BY Sam Boughedda

Worldline Unveils AI-Powered Routing to Lift Payment Authorisation Rates

The Paris-based payments giant said on Wednesday that its AI routing solution, now live following successful pilot programmes, delivers a more than 2% improvement in authorisation rates, building on the 3% uplift already achieved through rule-based routing alone. They noted that one pilot customer reported a revenue increase of €1.63 million from higher authorisation rates…

Torstone Technology expands its London headquarters

July 15, 2025 BY Sam Boughedda

Corpay Launches Corpay Complete Platform in the UK

The move aims to help finance teams streamline operations and reduce cost and complexity, given that they are “under growing pressure to do more with less,” said the company. Already in use across the US, Corpay Complete integrates accounts payable, expenses, domestic and international payments, and FX into a single platform tailored for UK businesses. …

July 14, 2025 BY Sam Boughedda

Beeks Financial Cloud Group Announces 'Significant' Proximity Cloud Wins

The cloud computing and connectivity provider for financial markets said that the wins included four- to five-year contracts and renewals with brokerage and fintech firms across the UAE and Europe. The deals are said to reflect “growing demand for Beeks' private cloud infrastructure” and are expected to contribute revenue across both FY25 and FY26. Beeks…

Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution

July 08, 2025 BY Sam Boughedda

Broadridge Strengthens Banks’ Readiness for EU Instant Payment Rules

The fintech firm announced that seven financial institutions have already onboarded its service since its launch in late 2024, enabling real-time payments through connectivity with the European Central Bank’s Target Instant Payment Settlement (TIPS) system. “With instant payments now a regulatory necessity, financial institutions are actively looking for scalable and cost-efficient solutions that ensure seamless…

July 04, 2025 BY Sam Boughedda

Worldpay Adds Domestic Acquiring Capabilities in Thailand

The company said its entry into the market will enable global merchants to better serve Thai consumers. The move allows Worldpay to offer local currency settlements and access to popular alternative payment methods (APMs), including LINE Pay, TrueMoney, PromptPay, and online banking. The firm said Thai merchants will also benefit from the company’s suite of…

July 04, 2025 BY Sam Boughedda

Broadridge Agrees Deal to Acquire Acolin

The move is expected to bolster the company’s efficiency and transparency of European fund distribution. The deal will see Broadridge expand its capabilities across Europe, integrating Acolin’s compliance and fund launch support services with its own suite of distribution data, regulatory communication, and analytics offerings. “Acolin’s fund distribution technology and compliance capabilities complement Broadridge’s distribution…

June 30, 2025 BY Sam Boughedda

Clearstream Announces Launch of Tri-Party Collateral Management Solution with ECMS Go-Live

The move is seen as a milestone in post-trade infrastructure harmonisation across Europe. Following the ECMS go-live on 16 June 2025, Clearstream became the only central securities depository (CSD) to offer full tri-party collateral management integration with the European Central Bank’s new platform. The ECMS is said to replace previously fragmented national systems, creating a…

June 20, 2025 BY Sam Boughedda

Elon Musk's X App to Add Trading and Investing Features

According to reports, X CEO Linda Yaccarino confirmed at the Cannes Lions festival that users will “soon” be able to “transact your whole financial life on the platform.” She added that it could include paying for a pizza, “or making an investment or a trade.” The app is also reportedly developing a digital wallet and…

June 18, 2025 BY Sam Boughedda

Clearstream Launches a Digital Solution for Private Market Fund Processing

Built on the blockchain-based FundsDLT platform and integrated with Clearstream’s existing Vestima system, the company said the solution is being piloted with selected clients before a broader rollout. It is said to target long-standing inefficiencies in private market fund distribution by automating key processes and enhancing transparency across the value chain. According to Clearstream, the…

Category: Fintech