WeLab Bank has launched what it says is Hong Kong’s first AI-powered foreign exchange service, offering customers cost-price FX rates with no hidden fees. The service is said to come with a “Best Rate Guarantee,” where the bank will match and refund the difference if a customer finds a better FX rate at another bank [...] The post WeLab Bank Launches AI-Powered FX Service in Hong Kong With 11 Major Currencies appeared first on Fintech Hong Kong.| Fintech Hong Kong
India remittances in 2024: With $129 billion annual inflows, India’s remittance story highlights both the opportunities of a connected world and the need for reforms. #remittance| Policy Circle
Addressing inefficiencies in B2B payments like back-office complexity and use of checks can help businesses improve their cash flow and reduce payment risks.| FedPayments Improvement
The E-remittance Exchange Pilot confirmed that an exchange framework supports the sending, receiving and automation of electronic remittance (e-remittance) information, which moves the industry closer to achieving straight-through processing.| FedPayments Improvement
