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Failed cross-border payments cost banks USD $2.2 million
Risk & Compliance

Failed cross-border payments cost banks USD $2.2 million

For a bank handling 10,000 cross-border payments a day, failed transactions can drain about USD $2.2 million a year and drive customers away.

By Karen Joy Bacudo • 4 min read • Yesterday
CoinPayments names Aaron Budiman Asia Pacific director
Crypto

CoinPayments names Aaron Budiman Asia Pacific director

The hire comes as payments firms race to tap Asia Pacific's fast-growing crypto market, where CoinPayments is betting on stablecoin transfers.

By Joseph Gabriel Lagonsin • 3 min read • Yesterday
Hyperlayer joins Asia Pacific fintech lab as finalist
Digital Transformation

Hyperlayer joins Asia Pacific fintech lab as finalist

The Hong Kong firm will gain access to major banks and insurers as it seeks customers wary of costly core-system overhauls.

By Karen Joy Bacudo • 3 min read • 2 days ago
Gresham launches AI tool to speed reconciliation controls
Risk & Compliance

Gresham launches AI tool to speed reconciliation controls

Financial firms could cut delays in reconciliation changes as business users build controls without coding and test them before they go live.

By Karen Joy Bacudo • 3 min read • 3 days ago
Model ML appoints Alex Kayyal as Chief Financial Officer
Artificial Intelligence

Model ML appoints Alex Kayyal as Chief Financial Officer

The hire adds finance expertise as the software group scales rapidly, with annual recurring revenue doubling in the second quarter of 2026.

By Karen Joy Bacudo • 4 min read • 4 days ago
EMEA fraud attempts rise as AI scams grow more complex
Fintech

EMEA fraud attempts rise as AI scams grow more complex

More than a third of financial firms in Europe, the Middle East and Africa reported fraud attempts rising by over 25% in two years.

By Sofiah Nichole Salivio • 4 min read • 4 days ago
Visa study finds Asia-Pacific stablecoin interest rising
Crypto

Visa study finds Asia-Pacific stablecoin interest rising

Stablecoins are edging towards mainstream payments in Asia Pacific, with 46% of consumers saying they may use them within five years, Visa found.

By Karen Joy Bacudo • 3 min read • 4 days ago
Walapay raises USD $4.6 million seed funding round
Crypto

Walapay raises USD $4.6 million seed funding round

The fresh capital will fund licensing, banking ties and hiring as the payments platform expands direct links across Latin America, Africa and Asia.

By Karen Joy Bacudo • 4 min read • Last week
Citi launches instant cross-border payments on Swift
Fintech

Citi launches instant cross-border payments on Swift

The service gives banks single-account access to instant cross-border transfers in four currencies, reducing the need for local banking ties and infrastructure.

By Karen Joy Bacudo • 3 min read • Last week
ProSight survey says fraud is now a human problem too
Fintech

ProSight survey says fraud is now a human problem too

Most losses now stem from weak customer and employee awareness, even as banks pour more money into technology and still struggle to keep pace.

By Karen Joy Bacudo • 4 min read • Last week
Chainlink launches Fulcrum to link banks to onchain finance
Blockchain

Chainlink launches Fulcrum to link banks to onchain finance

Banks and funds could move collateral across blockchains without rebuilding systems, as the new platform targets fragmented tokenised finance markets.

By Karen Joy Bacudo • 4 min read • Last week
Teciem names new chief technology & customer officers
Software-as-a-Service

Teciem names new chief technology & customer officers

Banks seeking faster system upgrades may benefit as Teciem adds two senior executives to steer technology and customer delivery.

By Sofiah Nichole Salivio • 4 min read • Last week
Plumery launches rescue plan for digital banking exits
Digital Transformation

Plumery launches rescue plan for digital banking exits

Banks facing expensive digital platform exits will get migration support from Plumery, which is waiving licence fees for up to 24 months.

By Karen Joy Bacudo • 4 min read • Last week

Stories from Other Regions

Financial institutions stories

Only 4.7% of institutions update compliance continuously
Surveillance

Only 4.7% of institutions update compliance continuously

Most firms still review risks on a schedule, leaving 56.8% without always-on monitoring even as crime threats, rules and volumes shift faster.

By Joseph Gabriel Lagonsin • 3 min read • 2 days ago
Capitolis raises USD $220 million to buy eSecLending
Fintech

Capitolis raises USD $220 million to buy eSecLending

The deal gives the New York fintech a securities lending business and wider client access as it expands beyond bank-focused services.

By Karen Joy Bacudo • 4 min read • 2 days ago
Lloyds survey says tokenisation will reshape finance
Fintech

Lloyds survey says tokenisation will reshape finance

A Lloyds poll of 100 senior UK financial leaders found 71% expect tokenisation to transform services, with faster settlement seen as the main gain.

By Karen Joy Bacudo • 4 min read • 4 days ago
Finastra launches AI repair tool for payment banks
Software-as-a-Service

Finastra launches AI repair tool for payment banks

Banks handling failed payments could cut repair times as Finastra adds scheme-aware AI guidance to its OperatorAssist platform.

By Karen Joy Bacudo • 3 min read • Last week
FedNow cross-border move raises banks' operational strain
Fintech

FedNow cross-border move raises banks' operational strain

Banks face tighter screening and repair windows as the FedNow change speeds only the US leg of international payments.

By Karen Joy Bacudo • 4 min read • Last week