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Citi has launched multi-market instant payments through Swift, allowing bank clients to reach several domestic real-time payment systems through a single account structure and existing Swift connectivity. Citi Opens Multi-Market Instant Payments for Clients The service is being delivered through Citi’s WorldLink Payments Service and is intended to remove some of the traditional complexity associated

New merchants are particularly vulnerable to fraud during their earliest months of trading, with fresh analysis from Fraudio showing that 10.5% of newly observed businesses experienced at least one fraudulent transaction within their first 90 days. New Merchants Face Elevated Fraud Risk  The study examined more than 127.5 million transactions between January 2025 and April

Barclays is extending its use of Anthropic’s Claude AI models across software development, customer support and operational processes as the bank looks to modernise legacy technology and improve efficiency. Barclays Expands Claude AI Use  The lender expects Claude Code to reach around 50% of its developer population by the end of 2026, with adoption expanding

Some of Europe’s largest domestic payment schemes are joining forces to create a new cross-border network designed to reduce the continent’s reliance on US-controlled card infrastructure. European Payments Groups Unite  Bancomat, Bizum, the European Payments Initiative behind Wero, SIBS-MB WAY and Vipps MobilePay have formed a new company, the European Network for Payments, which will

Tokenisation is moving rapidly from experimentation towards mainstream financial infrastructure, with Lloyds’ latest Financial Institutions Sentiment Survey showing growing conviction that digital assets will materially change how money and securities move. Tokenisation Moves Up the Agenda for UK Finance Lloyds’ research says 71% of senior leaders expect tokenisation to reshape financial services. The underlying survey

FIS has integrated Spade’s real-time transaction enrichment technology into its debit processing platform, giving issuing banks access to more detailed merchant information at the point a transaction is processed. FIS adds Real-Time Merchant data for processing The move is designed to address a longstanding problem in card payments: transaction descriptions that bear little resemblance to

The battle over the future of digital money is becoming less about choosing between stablecoins, tokenised bank deposits and central bank money, and increasingly about building infrastructure capable of allowing all three to coexist. Digital Money Race Shifts For much of the past several years, debate has centered on which form of digital currency might

OpenAI and Anthropic are pushing AI valuations into territory previously occupied by only the world’s largest listed technology companies, while simultaneously revealing just how expensive the race to build frontier AI has become. OpenAI and Anthropic Test Economics AI Race OpenAI is reportedly seeking at least $30 billion from investors in a funding round that

Mambu and Mastercard have formed a strategic partnership designed to make it easier for banks to launch and scale cross-border payment services without undertaking complex infrastructure projects. Mambu and Mastercard Team Up to Simplify Payments Under the agreement, Mastercard Move will connect with Mambu’s Intelligent Core, giving financial institutions using Mambu a pre-built route into

Swift is taking aim at one of the most persistent frustrations in international payments: the need for consumers to enter unfamiliar account details when sending money abroad. Swift Links Pix, Bizum and PayID for Easier Payments The messaging network has launched an initiative connecting domestic alias-based payment systems including Brazil’s Pix, Spain’s Bizum and Australia’s