India’s flagship digital payments platform, Unified Payments Interface (UPI), achieved a record-breaking 19.47 billion transactions worth ₹25.08 lakh crore in July 2025, as per the […]
Category: Digital Transformation
SEC Appoints First Chief AI Officer, Launches Task Force to Drive AI Integration
The U.S. Securities and Exchange Commission (SEC) has established a dedicated Artificial Intelligence Task Force to accelerate the integration of AI across its operations. Valerie […]
RBC’s ATOM AI Model Redefines Banking with Hyper-Personalized Client Insights and Scalable Intelligence
TORONTO, July 29, 2025 — Royal Bank of Canada (RBC) has announced significant progress in its AI journey with its proprietary foundation model, ATOM (Asynchronous […]
RBC Deploys Proprietary AI Model ‘Atom’ to Revolutionize Credit and Loyalty Programs
The Royal Bank of Canada (RBC) has launched a proprietary AI foundation model, Atom (Asynchronous Temporal Model), developed by its Borealis AI research unit, to […]
Canada’s Real-Time Rail Nears Completion, Testing Phase Set for Autumn
Canada’s Real-Time Rail (RTR) payment system is entering its final stages, with the technical build nearly complete and testing scheduled for autumn. Developed as a […]
OpenText Expands Private Cloud to Meet Rising Global Demand for Data Sovereignty and Compliance
Waterloo, ON – July 29, 2025 – OpenText™ (NASDAQ: OTEX), a global leader in information management, has unveiled a major expansion of its Private Cloud […]
India’s Digital Payments Surge 10.7% YoY, RBI Index Hits Record High in March 2025
India’s digital payments sector continues to show strong momentum, with transactions growing by 10.7% year-on-year as of March 2025, according to the Reserve Bank of […]
PayPal Unveils ‘Pay with Crypto’ to Cut Cross-Border Fees by 90%, Boost Global Merchant Access
PayPal has launched its new Pay with Crypto solution, designed to significantly reduce cross-border transaction costs by up to 90% while enabling seamless payments for […]
Mercado Pago Launches Official Dollar Trading with Daily Returns via App-Based Investment
Starting this week, leading Latin American fintech Mercado Pago has entered the official foreign exchange market by enabling U.S. dollar trading directly through its app. […]
Elavon and WooCommerce Expand Payment Partnership to North America, Empowering SMB Growth
Elavon, a global payments leader, and WooCommerce, the open-source ecommerce platform powering over 4.5 million online stores, have announced the expansion of their strategic partnership […]