TranSwap Officially Launches New Global R&D Centre at The University Of Edinburgh

SINGAPORE – Media OutReach – 2 March 2021 – TranSwap, a fintech company which empowers global business growth by simplifying  global payments and collections, has officially launched a new global Research and Development (R&D)
centre at the University of Edinburgh. Located at Bayes Centre, the R&D  centre aims to drive technology and market-led innovation in cross-border  financial solutions, enabling TranSwap to strengthen its capabilities in  fintech and expertise in AI-driven payment solutions. This global R&D  centre follows the launch of TranSwap’s new office in the UK.

Leveraging on the expertise of Bayes Centre, the   School of Informatics and the Business School, the partnership between TranSwap  and the University brings together world-leading data science and AI teams,  industry experts, and innovation support professionals in the fields of  computation, information and cognition. R&D and product innovation at Bayes  Centre will focus on state-of-the-art methodologies in speech recognition, Natural  Language Processing, 5G, blockchain, data analytics and machine learning —  accelerating TranSwap’s capabilities to deliver a streamlined cross-border  payment and collection experience. In addition, the partnership will help  develop research talents and create new jobs at the Bayes Centre.

“Today’s cross-border payments industry is at the  centre of fintech innovation which has shaped competitive dynamics globally.  New business models resulting from emerging technologies, digital  transformation of payment methods and development through tech-enabled  innovation are continuously disrupting cross-border payments, by optimising and  automating the transaction process. Partnering with the University of Edinburgh  to transform our current digital cross-border payments platform, will allow us  to tap into emerging technologies such as NLP and 5G to speed up cross-border  payments, sharpen our competitive edge and maximise profitability through enhanced  fraud detection system, sentiment and risk analysis. TranSwap aims to become a  cross-border payments, collections and financial solutions provider that serves  as a touchstone for financial innovation in major global financial centres.  Such innovations can unlock opportunities to drive consistency and provide a seamless  cross-border payment experience,” said Mr. Sanjay Rakshit, Head of Products  and R&D of TranSwap.

Mr. Grant McKenzie, Director & UK Country Head  of TranSwap, added, “TranSwap’s R&D partnership with the University underlines our  commitment to drive innovation in the payments industry. The University’s  research expertise, along with our design approach in our system architecture,  platform development and interfaces, will help ensure a seamless user experience  through our platform.”

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