# financial institutions Published articles for financial institutions. This is one page of public article previews, not the complete archive. Follow Next page to continue. Summaries are not the original full articles. ## The power of Transaction Foundation Models: Building the unified intelligence layer for payments DevFeed: [The power of Transaction Foundation Models: Building the unified intelligence layer for payments]() Original publisher: [Read original article]() Author: Alla Gancz, Sid Sengupta, Artiom Troyanovsky, Nathan Hilt Published: 2026-06-02T00:00:00Z Content type: article Language: en Sources: [Thoughtworks Insights]() Topics: [AI Models](), [Artificial Intelligence](), [AI Development](), [Embeddings](), [Transformer](), [data](), [AI Research](), [Large Language Model]() Tags: [ai](), [ai-and-ml](), [ai-model](), [ai-models](), [architecture](), [article](), [data-strategy](), [embeddings](), [finance](), [financial-institutions](), [foundation-models](), [fraud-detection](), [machine-learning]() ### AI overview This article explains how transaction foundation models can provide a reusable intelligence layer for banking and payments. It describes using large-scale transaction and event data, transformer architectures, and intelligent embeddings to support multiple applications, including fraud detection, credit scoring, customer engagement, recommendations, and risk analysis. ### Source excerpt The power of Transaction Foundation Models: Building the unified intelligence layer for payments ## SWIFT Ledger: a new chapter for global finance DevFeed: [SWIFT Ledger: a new chapter for global finance]() Original publisher: [Read original article]() Author: Alla Gancz, Sid Zalaki, Nathan Hilt Published: 2025-10-17T00:00:00Z Content type: article Language: en Sources: [Thoughtworks Insights]() Topics: [Blockchain](), [transaction-log](), [interoperability](), [Transactions](), [real-time]() Tags: [article](), [blockchain](), [cross-border](), [digital-transformation](), [financial-institutions](), [infrastructure](), [interoperability](), [ledger](), [real-time](), [technology-strategy]() ### AI overview The article examines SWIFT's proposed blockchain-based shared ledger, developed with ConsenSys and backed by global banks, to support real-time, 24/7 cross-border settlement. It describes a shift from transmitting payment instructions to coordinating tokenized value through a shared transaction log, smart contracts, and interoperability across digital money networks. ### Source excerpt SWIFT Ledger: a new chapter for global finance ## Becoming ISO-native: Navigating the end of coexistence in the ISO 20022 migration journey DevFeed: [Becoming ISO-native: Navigating the end of coexistence in the ISO 20022 migration journey]() Original publisher: [Read original article]() Author: Alla Gancz, Sid Zalaki, Nathan Hilt Published: 2025-09-22T00:00:00Z Content type: tutorial Language: en Sources: [Thoughtworks Insights]() Topics: [migration](), [data-architecture](), [Structured-data](), [data-governance](), [Data Management](), [Resilience](), [Risk]() Tags: [2026](), [article](), [compliance](), [cross-border-payments](), [data-governance](), [data-management](), [data-strategy](), [financial-institutions](), [financial-services](), [formats](), [iso-20022](), [migration](), [technology-strategy]() ### AI overview A guide to the end of the ISO 20022 coexistence period in November 2025, when financial institutions must support native MX payment messages rather than relying on legacy MT translation. It also outlines the 2026 requirement for more structured postal addresses and the resulting implications for data governance, KYC, customer data systems, reconciliation, and payment processing. ### Source excerpt Becoming ISO-native: Navigating the end of coexistence in the ISO 20022 migration journey ## Streamlining compliance: How generative AI revolutionizes Know Your Customer processes DevFeed: [Streamlining compliance: How generative AI revolutionizes Know Your Customer processes]() Original publisher: [Read original article]() Author: Santosh Bhagat, Sandeep Reddy, Muralikrishnan Puthanveedu Published: 2025-07-02T00:00:00Z Content type: article Language: en Sources: [Thoughtworks Insights]() Topics: [Generative AI](), [risk-management](), [data](), [trust](), [Transactions]() Tags: [ai](), [banking](), [compliance](), [data](), [financial-institutions](), [generative-ai](), [governance](), [risk-management](), [transactions](), [trust]() ### AI overview This article examines how generative AI could improve Know Your Customer workflows in financial institutions. It describes digital KYC, video KYC, document validation, risk-based re-KYC, and the regulatory and financial costs of non-compliance. ### Source excerpt Streamlining compliance: How generative AI revolutionizes Know Your Customer processes ## Modernizing Legacy Core Banking Systems for Growth and Digital Experiences DevFeed: [Modernizing Legacy Core Banking Systems for Growth and Digital Experiences]() Original publisher: [Read original article]() Author: Omar Bashir, Muralikrishnan Puthanveedu, Manu Iyer Published: 2025-02-19T00:00:00Z Content type: article Language: en Sources: [Thoughtworks Insights]() Topics: [legacy systems](), [systems](), [Cloud](), [Optimization]() Tags: [cloud](), [complexity](), [coupling](), [delivery](), [financial-institutions](), [growth](), [legacy-systems](), [modernization]() ### AI overview This article explains how incumbent banks can modernize decades-old, tightly coupled core banking systems into modular, cloud-based platforms. It argues that incremental, domain-aligned modernization can reduce delivery risk, improve flexibility and resilience, and support digital customer experiences and growth. ### Source excerpt Making modernization a path to growth ## How Financial Institutions Can Use Payments Data for Growth and Product Innovation DevFeed: [How Financial Institutions Can Use Payments Data for Growth and Product Innovation]() Original publisher: [Read original article]() Author: Muralikrishnan Puthanveedu, Praveen Ninawe, Manu Iyer Published: 2024-09-10T00:00:00Z Content type: article Language: en Sources: [Thoughtworks Insights]() Topics: [data](), [systems](), [Messaging](), [standard]() Tags: [article](), [compliance](), [data](), [digital-innovation](), [financial-data](), [financial-institutions](), [growth](), [iso-20022](), [monetization](), [payments](), [privacy](), [product-innovation]() ### AI overview This article explains how cashless payments, instant-payment infrastructure, ISO 20022, and open-banking regulations are creating richer payments data. It describes how financial institutions can use that data to support product innovation, improve operations, reduce costs, and develop monetization opportunities while addressing privacy and compliance concerns. ### Source excerpt How financial institutions can drive growth by tapping the hidden value of payments data