\ncentre at the University of Edinburgh. Located at Bayes Centre, the R&D\u00a0 centre aims to drive technology and market-led innovation in cross-border\u00a0 financial solutions, enabling TranSwap to strengthen its capabilities in\u00a0 fintech and expertise in AI-driven payment solutions. This global R&D\u00a0 centre follows the launch of TranSwap’s new office in the UK.<\/p>\n
Leveraging on the expertise of Bayes Centre, the\u00a0\u00a0 School of Informatics and the Business School, the partnership between TranSwap\u00a0 and the University brings together world-leading data science and AI teams,\u00a0 industry experts, and innovation support professionals in the fields of\u00a0 computation, information and cognition. R&D and product innovation at Bayes\u00a0 Centre will focus on state-of-the-art methodologies in speech recognition, Natural\u00a0 Language Processing, 5G, blockchain, data analytics and machine learning —\u00a0 accelerating TranSwap’s capabilities to deliver a streamlined cross-border\u00a0 payment and collection experience. In addition, the partnership will help\u00a0 develop research talents and create new jobs at the Bayes Centre.<\/p>\n
“Today’s cross-border payments industry is at the\u00a0 centre of fintech innovation which has shaped competitive dynamics globally.\u00a0 New business models resulting from emerging technologies, digital\u00a0 transformation of payment methods and development through tech-enabled\u00a0 innovation are continuously disrupting cross-border payments, by optimising and\u00a0 automating the transaction process. Partnering with the University of Edinburgh\u00a0 to transform our current digital cross-border payments platform, will allow us\u00a0 to tap into emerging technologies such as NLP and 5G to speed up cross-border\u00a0 payments, sharpen our competitive edge and maximise profitability through enhanced\u00a0 fraud detection system, sentiment and risk analysis. TranSwap aims to become a\u00a0 cross-border payments, collections and financial solutions provider that serves\u00a0 as a touchstone for financial innovation in major global financial centres.\u00a0 Such innovations can unlock opportunities to drive consistency and provide a seamless\u00a0 cross-border payment experience,” said Mr. Sanjay Rakshit, Head of Products\u00a0 and R&D of TranSwap<\/b>.<\/p>\n
Mr. Grant McKenzie, Director & UK Country Head\u00a0 of TranSwap, added,<\/b> “TranSwap’s R&D partnership with the University underlines our\u00a0 commitment to drive innovation in the payments industry. The University’s\u00a0 research expertise, along with our design approach in our system architecture,\u00a0 platform development and interfaces, will help ensure a seamless user experience\u00a0 through our platform.”<\/p>\n
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