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Visa Said Their AI-Powered Fraud Detection Helped Prevent US$25 Bil in Fraud Annually
Visa just announced that their Visa Advanced Authorisation (VAA) process, done using artificial intelligence, has helped financial institutions prevent an estimated US$25 billion in annual fraud. VAA, used by Visa themselves, is a comprehensive risk management tool that monitors and
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Winners of Inclusive Fintech 50
MetLife Foundation and Visa, with partners Accion and IFC, launch inaugural list to help fintech companies attract capital and resources to benefit the 3 billion financially underserved people globally. MetLife Foundation and Visa with global nonprofit Accion and World Bank
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10 Innovation in Finance and Blockchain Books to Read
So here we go – it has been another six months and even though I thought I would not have time to read books anymore… … I just slept less I guess… Over the last 6 months there were also
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Line Founder Thinks its US$182 Mil Worth Fintech Arm Could Break Even in Two Years
Following the announcement of Line’s fintech ambitions, the Japan-based company with WeChat Pay-like financial ambitions claims that it may see the new arm break even as early as one to two years, according to Bloomberg. The claim is notable, as
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Calm Down, Grab Isn’t Trying to Become a Bank—Not in the Way You’re Thinking, at Least
Followers of this page are well aware that Grab, one of Singapore’s premier unicorns, has dabbled in many different areas of fintech-fuelled offerings in its drive to become what it self-describes as a “super app”. Most recently though, it seems
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Two Vietnamese Payments Startups are Merging and Raising US$30 Mil in Funding
Two Vietnamese payments startups, Vimo Technology and Vietnam MPOS Technology have merged to form a brand new entity NextPay according to Bloomberg. Vimo Technology operates a mobile wallet provider, while Vietnam mPOS Technology, as the name suggests, operates a portable
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A Shocking 72% of APAC Companies Struggle to Harness Financial Crime Prevention Tech
Organizations across Asia Pacific (APAC) are looking to increase investment in technology to fence off financial crime, according to Refinitiv’s new Innovation and the Fight against Financial Crime survey. Refinitiv, a global provider of financial markets data and risk intelligence, surveyed
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New Vietnam Fintech Startup Map Showcases Vietnam’s Growing Fintech Landscape
With a growing middle class, rising Internet penetration, and a population of nearly 100 million people, most of whom are young and tech-savvy, Vietnam has all the needed characteristics to become a major fintech market. In the past years, the
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LuneX Backed Sparrow Launches Crypto Trading Platform
Fresh out of Beta, Sparrow, a Singapore-based options trading platform has launched a platform for Bitcoin and Ethereum options trading which are settled by smart contract. The company is backed by LuneX Ventures a crypto and blockchain dedicated VC fund
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4xLabs’ New Platform Lets You Compare Prices of Overseas Money Transfer Services
Following the launch of Get4x, a price discovery platform for currency exchange, a Singapore-based fintech named 4xLabs has just launched a comparison platform which puts different money transfer solutions neck and neck to help users select cheaper or quicker transfers—particularly
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