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Losses hit US$3.35m as regulators tighten controls.

The move follows the first live interbank settlement using wholesale digital currency.

Financial distress is not an emerging market-only problem.

Mastercard Move currently supports over 200 markets and 150 currencies.

DBS PayLah! users will soon be able to make payments at Alipay+ merchants.

The app will first launch in Singapore.

The system aims to speed up global payments and provide quicker access to funds.

Industry players are integrating services into everyday devices and platforms.

It integrates AI across its operations whilst keeping the bank human-centric and trusted.

It also plans to create frameworks to ensure AI reliability and transparency.

Artificial intelligence (AI) is set to reshape fraud detection and financial crime prevention across the global financial system, according to Swift Chief Executive Officer Javier Pérez-Tasso.

Tokenised deposits invert the model, allowing banks to deliver liquidity directly where required.

Falcon TST now handles about 60% of the company’s global transactions.

Central to this effort is Mastercard’s Agent Pay framework.

Human oversight remains crucial to manage AI safely.

It aims to enhance cross-border opportunities for financial institutions and AI firms.