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Fraud detection, face payments and real-time cross border payments key trends for 2025: Phi Commerce

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Phi Commerce envisages five key payment trends to emerge in 2025

MUMBAI, India, Dec. 26, 2024 /PRNewswire/ — In the past few years, digital payments have transformed the way Indians conduct financial transactions, driven by the explosive growth of Unified Payments Interface (UPI). Indian policymakers have facilitated a payments ecosystem in the country like never before, that consumers have begun to come to terms with a new ease of transacting, which has also thrown up challenges of its own.

2024 saw significant changes in the payments landscape, with frameworks drawn for features like conversational voice payments, credit lines, UPI vouchers and UPI Circle. These enhancements aim to improve user convenience and broaden the adoption of digital payments. UPI has also become a global role model in payments, with several countries in Asia, Africa and South America engaging the National Payments Corporation of India to develop digital payment systems modelled after UPI, with launches anticipated by early 2027. 2024 also saw the Reserve Bank of India conducting a digital currency pilot, with major payment firms like Google Pay, PhonePe, and Amazon Pay seeking to participate, indicating a move towards integrating central bank digital currencies (CBDCs) into the payment ecosystem.

As a provider of digital payments like UPI to enterprise clients, Phi Commerce envisages five key payment trends to emerge in 2025, after consistent deliberations with its ecosystem partners. These touch upon the emerging growth of AI-enabled fraud prevention tools, growing popularity of cross border payments, unified lending interface, interoperable mobile wallets and biometric payments.

AI-enabled Digital Fraud Detection

According to the Reserve Bank of India (RBI), domestic payment fraud increased by 70.64% in six months, reaching Rs 2,604 crore by March 2024, up from Rs 1,526 crore during the same period the previous year. The number of fraud cases also spiked, increasing to 15.51 lakh from 11.5 lakh in the prior six months.

As a result of the dynamic nature of threats in line with technology advancements in payments, traditional fraud detection systems that use rule-based frameworks to identify suspicious transactions are no longer effective. In the current context, prevention must be prioritised over detection and artificial intelligence (AI) could help address these issues a lot more efficiently. AI-enabled tools aim to offer proactive and predictive fraud detection tools against incidents like deepfake videos and sophisticated phishing scams. Financial institutions are turning to AI-powered fraud detection systems to analyse vast datasets in real time, identifying and neutralizing threats effectively. Security has become the foremost challenge for the payments industry as fintech innovations are on the rise, which is adding to the volumes of transactions.

Real-Time Cross-Border Payments

The domestic payment ecosystem is witnessing a global transformation, driven by the international interoperability of UPI. In FY2024, cross-border UPI transactions surged by 150%, according to NPCI data, reflecting robust adoption and rising consumer confidence. Looking ahead, the integration of central bank digital currencies (CBDCs) and stablecoins into real-time cross-border payment frameworks is set to revolutionise global financial transactions. These advancements promise to significantly reduce transaction costs, enhance processing speeds, and provide seamless payment experiences, thereby catalysing international trade and economic growth.

Unified Lending Interface

The Unified Lending Interface (ULI) framework introduced by the Reserve Bank of India will emerge as a transformational tool to address the last mile gap in India’s lending landscape, much like the way UPI transformed the retail payments landscape. ULI will simplify access to credit by integrating various stakeholders in the lending ecosystem, such as banks, NBFCs, digital lending platforms, and regulators, through a common platform using the plug-and-play model. And this will essentially help the under-banked communities more (read farmers, MSMEs etc), as lending institutions will now have access to borrowers’ digitised records lying with state or central databases, account aggregators, credit bureaus, financial institutions and so on.

Digital Wallet and Interoperability

India’s widespread adoption of digital wallets is paving the way for their seamless integration with card-based payment systems, eliminating silos and offering consumers unparalleled convenience. As per a GlobalData report, the value of mobile wallet transactions in India expanded at a compound growth rate of 72.1% to reach US$2.5 trillion, from 2019 to 2023. Digital wallets now make up for 25% of total payments in India, while UPI dominates 80% of retail transactions (RBI Payments Data 2024). Interoperable digital wallets that support multiple payment networks and protocols, enabling users to transact across various merchants and service providers, is the way forward, and 2025 will see more action on that front.

Face-based Payments

The Reserve Bank of India’s (RBI) move to allow non-OTP methods, such as biometric authentication for the second payment factor, opens the door to face-based payment systems. Facial recognition can offer a seamless and secure alternative to traditional OTP-based methods, eliminating the dependence on mobile networks or SMS delivery.

In the Indian context, this innovation could significantly enhance the user experience, especially in regions with inconsistent mobile connectivity. It also addresses challenges like SIM-swapping fraud or delays in receiving OTPs. Facial recognition leverages advanced AI and biometric data, ensuring both convenience and security, critical in high-volume and low-value transactions like those in retail or transit systems.

This shift aligns with India’s growing digital payment ecosystem, where Aadhaar-enabled authentication has already laid a robust foundation for biometric verification. For merchants, it reduces friction at checkout points, and for consumers, it means faster transactions without additional devices.

About Phi Commerce

Digital payments company Phi Commerce offers omnichannel payment solutions to enterprises that enable them smooth and flexible payments across all consumer touchpoints — browser, mobile, in-store and remote. A payment aggregator payment gateway (PAPG) licence holder from the Reserve Bank of India, Phi Commerce offers a unified omnichannel digital payment platform catering to both B2B and B2C payment requirements for businesses worldwide. The company, backed by investors like Beenext Singapore and Opus Ventures, has offices in Mumbai, Pune, and Singapore, with plans afoot to expand into Southeast Asia, Japan and the Middle East. Phi Commerce had won the ‘Best in Class Payment Startup in Established Fintech Category’ at the 2024 Assocham Annual Fintech Excellence Awards.

 

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Chemours Announces Dates for Third Quarter 2026 Earnings Release and Webcast Conference Call

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WILMINGTON, Del., Oct. 21, 2026 /PRNewswire/ — The Chemours Company (“Chemours” or “the Company”) (NYSE: CC) today announced that the Company expects to issue its third quarter 2026 financial results after market on Monday, November 2, 2026.

The Company expects to hold its conference call to discuss its third quarter 2026 financial results at 8:00 a.m. Eastern Standard Time on Tuesday, November 3, 2026. The call is open to the public and can be accessed via the webcast information below. The webcast and materials can be accessed by visiting the “Events and Presentations” section of the Investor Relations section of Chemours’ website at investors.chemours.com.

Conference Call: Please visit investors.chemours.com for a link to the live webcast and to view the accompanying slides.

Replay: A webcast replay will be available at investors.chemours.com.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers’ biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 5,700 employees and 28 manufacturing sites and serves approximately 2,400 customers in approximately 110 countries. For more information, visit chemours.com or follow us on LinkedIn. 

CONTACTS:

INVESTORS
Brandon Ontjes
Vice President, Head of Strategy & Investor Relations
+1.302.773.3300 
investor@chemours.com 

NEWS MEDIA
Cassie Olszewski
Media Relations & Reputation Leader
+1.302.219.7140
media@chemours.com  

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SOURCE The Chemours Company

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AGEDB Announces Preliminary Technical Evaluation of Graph Database and AI Data Platform Opportunities

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VANCOUVER, BC, Oct. 21, 2026 /CNW/ — AGEDB Technology Ltd. (TSXV: AGET) (“AGEDB” or the “Company”) announces that it is evaluating opportunities to re-engage in its historical graph database business area through preliminary architectural design and technical assessment of potential AI data platform applications, following its entry, on September 16, 2026, into a memorandum of understanding (the “MOU”) with a Korea-listed company exploring opportunities to enter the AI sector (the “Korean Company”).

The Company previously disclosed that it had discontinued its graph database management system operations during the year ended April 30, 2025 and was seeking new business opportunities. The Company is now assessing potential opportunities to leverage its existing Apache AGE-related technology and experience. These preliminary evaluations should not be interpreted as a resumption of full-scale development or commercial operations.

Under the MOU, AGEDB and the Korean Company contemplate evaluating an integrated package combining locally installed PostgreSQL and Apache AGE relationship-analysis database technology with an AI agent. The MOU also contemplates a separate “Personal AI Operating System” evaluation track, referred to as “AGE Brain,” for potential use in user-controlled computing environments. The proposed applications remain conceptual and subject to further technical and commercial assessment.

The contemplated preliminary work includes architectural design and technical evaluation of approaches to connecting relational data with graph-based relationships and supporting AI-assisted information retrieval and analysis. The parties may consider proof-of-concept testing and pilot activities, but no timeline or commitment to undertake such activities has been established under the MOU.

The MOU has a one-year term. Except for provisions expressly identified as binding, it is non-binding and does not require either party to complete development, launch or commercialize a product, make an investment, commit personnel, pay development fees, or enter into a definitive commercial agreement. Specific project scope, deliverables, schedules, responsibilities, costs and any commercialization terms remain subject to further discussions and, where applicable, separate written agreements. Each party will bear its own evaluation costs unless otherwise agreed in writing.

The Company’s evaluation remains preliminary. No product launch, commercial revenue or definitive commercialization arrangement has been agreed, and there can be no assurance that the parties will proceed with development, that the proposed platform will be completed or commercialized, or that the Company will obtain the resources required to advance the opportunity.

AGEDB may also explore potential collaborations with AI development companies in Korea and other markets, subject to available resources and further assessment.

AGEDB Technology Ltd.

On behalf of the board of directors,

“Jungsoo Kim”
CEO

About AGEDB Technology Ltd.

AGEDB Technology Ltd. is a technology company listed on the TSX Venture Exchange under the symbol “AGET.” The Company is focused on developing and pursuing opportunities in data intelligence, graph database technology and applied artificial intelligence.

Forward-Looking Information

This news release contains forward-looking information, including statements regarding the Company’s development activities, the proposed AI data platform, potential proof-of-concept and pilot activities, and possible future collaborations and commercialization. Forward-looking information is based on management’s current expectations and assumptions and is subject to risks and uncertainties that could cause actual results to differ materially. The memorandum of understanding is generally non-binding, and there can be no assurance that the parties will proceed with or complete any development, pilot, product launch or commercial arrangement, or that AGEDB will enter into additional collaborations. Readers are cautioned not to place undue reliance on forward-looking information. AGEDB undertakes no obligation to update such information except as required by applicable securities laws.

SOURCE AGEDB Technology Ltd.

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Bose Corporation Acquires Skullcandy, Expanding Its Consumer Audio Portfolio to Reach New Audiences

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Acquisition follows a successful partnership between the two companies and advances Bose’s evolution into a multi-brand products and technology company

FRAMINGHAM, Mass. and PARK CITY, Utah, Oct. 21, 2026 /PRNewswire/ — Bose Corporation, a global leader in audio innovation and research, announced today it has acquired Skullcandy, a lifestyle audio brand known for its bold products that bring together sound, style and performance. Bose and Skullcandy have each spent decades finding new ways to bring people closer to the music they love. Together, they’ll combine Bose’s audio expertise, technology and global reach with Skullcandy’s design, understanding of its consumers and authentic community connections to create new products and experiences and accelerate growth.

The acquisition follows a multi-year partnership that has already brought Sound by Bose technology to Skullcandy earbuds and headphones. The companies have seen firsthand how their strengths can come together to create products consumers love while staying true to what makes Skullcandy special, providing a foundation to accelerate further collaboration and innovation.

With a strong position at the intersection of audio, lifestyle and culture, Skullcandy will remain a separate brand within Bose’s Premium Consumer Audio business. Skullcandy’s deep roots in boardsports, including longstanding relationships with passionate supporters of the culture and its athletes, and authentic connections across music, gaming, fitness and other communities present new ways for Bose to meaningfully connect with consumers where it has less presence today.

“For more than 60 years, Bose has been committed to delivering incredible audio experiences however and wherever people choose to listen. As we work to reach even more people, we’re expanding how we do that, not only through Bose products, but through technology partnerships and a growing portfolio of brands,” said Lila Snyder, Chief Executive Officer of Bose Corporation. “As a privately held company, we have the freedom to make bold, long-term investments in opportunities we believe in, and Skullcandy is a great example of that. They have an established, thriving brand, and together we see tremendous opportunity to create new products and experiences and reach more consumers around the world.”

“We believe this is a win for Skullcandy and our fans,” said Brian Garofalow, Chief Executive Officer of Skullcandy. “Skullcandy was born on a chairlift in Park City, Utah, over 20 years ago, and we’ve always believed great music should be part of the experiences people love. Joining Bose gives us the opportunity to make those experiences even better by bringing more of their audio expertise and technology to our products, and it opens up even more ways to take Skullcandy further.”

Bose plans to invest in Skullcandy’s continued growth, providing greater access to technology, resources, global distribution and commercial relationships while giving the brand the freedom to continue evolving in ways that are authentic to its identity and consumers. Skullcandy will continue to be based in Park City, Utah.

Bose acquired Skullcandy from a fund managed by Mill Road Capital Management LLC, a Connecticut-based private investment firm. Jones Day acted as Bose’s legal counsel. Additional information, including financial and other terms of the transaction, will remain confidential.

About Bose Corporation
Bose Corporation is a global leader in audio innovation, driven by a singular belief: sound has the power to transform the way people connect with the world. For more than 60 years, Bose has combined pioneering research, engineering excellence, and a deep understanding of human perception to create products and technologies that deliver extraordinary experiences. Through its portfolio of iconic brands, including Bose, McIntosh, Sonus faber, and Skullcandy, the company offers premium and luxury audio solutions for the home, on the go, and in the car. Bose also collaborates with leading companies across industries, extending its audio expertise and technologies into new products, platforms, and applications beyond its own brands. 

Guided by a relentless spirit of innovation and a passion for what sound makes possible, Bose continues to advance the science and art of sound while expanding its impact on everyday life. From music and entertainment to communication, wellness, and emerging applications, Bose is creating new ways for people around the world to feel more connected, inspired, and engaged through the power of sound.

About Skullcandy
Founded in 2003 on a chairlift in Park City, Utah, Skullcandy is the original lifestyle audio brand. With deep roots in action sports culture, Skullcandy creates headphones, earbuds, and speakers that deliver powerful sound, bold style, and immersive experiences. Designed to move with you—from the mountains to the streets—Skullcandy gear is built to perform and made to stand out. Learn more at www.Skullcandy.com.

Contact

Joanne Berthaume
Joanne_berthaume@bose.com

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SOURCE Bose Corporation

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