Fintech News

MAY 8, 2024

In 2022, the BOT initiated a Retail CBDC Hackathon to encourage public participation and promote private-public collaboration in developing CBDC proof-of-concept initiatives. To address these objectives, the BOT conducted the pilot test within a confined environment, divided into the Foundation Track and the Innovation Track.

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CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 126

Fintech News

NOVEMBER 3, 2024

Addressing these concerns, Carstens firmly stated, “mBridge is not the ‘BRICs bridge.'” This project, involving central banks and over 40 private sector participants, explores the use of tokenised deposits and wholesale CBDCs to streamline cross-border payments, addressing inefficiencies in existing systems.

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Cross-Border Cross-Border Payments Central Bank Settlement 124

Fintech News

APRIL 8, 2024

The show will bring together over 3,000 senior decision-makers and 200+ speakers, sponsors, and exhibitors, and address key industry themes such as financial inclusion, sustainability, cybersecurity, and regulatory frameworks. Integration, a cornerstone of fintech advancement, will be spotlighted.

FinTech 119

FinTech Cross-Border APACS Participant 119

Fintech News

DECEMBER 10, 2024

This initiative, developed in partnership with Rhino Health and Capgemini , aims to address the limitations of conventional fraud detection methods, which often struggle to keep pace with sophisticated criminal tactics that span multiple institutions and countries.

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SWIFT AI Innovation Fraud Detection 97

The Fintech Times

SEPTEMBER 11, 2024

Project mBridge is an initiative aimed at addressing inefficiencies in cross-border payments. Additionally, this platform allows participating central and commercial banks to conduct real-time, peer-to-peer cross-border payments and foreign exchange transactions.

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CBDC Cross-Border Payments Transactions Cross-Border 126

Fintech Review

JULY 22, 2024

Zircuit aims to address this problem by becoming a major liquidity hub for restaked assets (ETH, BTC, LSTs, and LRTs) where users can easily allocate their capital and have peace of mind knowing that funds are deployed to the safest and highest quality protocols. Zircuit’s Mainnet Phase 1 is set to launch in the coming weeks.

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Participant Blockchain AI Security 52

Fintech News

MAY 20, 2024

Payments giant Visa has unveiled the participants of its 2024 Accelerator Programme, featuring a diverse group of startups from around the globe, including female co-founders. Over six months, participants will co-develop and test new solutions with Visa’s network of financial institutions, merchants, and digital partners.

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Cross-Border Payments Embedded Finance Cross-Border Participant 117

Fintech Finance

NOVEMBER 18, 2024

For low-income individuals and small businesses relying heavily on remittances and international trade, these barriers prevent them from fully participating in the global economy.” Additionally, the lack of affordable financial services can inhibit entrepreneurship in emerging markets.

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Cross-Border Payments Cross-Border Transactions Financial Inclusion 136

Fintech News

FEBRUARY 6, 2024

The Advanced Transaction Monitoring Masterclass Addressing this critical need for informed vigilance, Sumsub introduces the Advanced Transaction Monitoring Masterclass , commencing on 20 February. – Recognition of Achievement: A certificate of completion will be provided to showcase the participants’ newly acquired expertise. .

White Collar Crime 104

White Collar Crime Crime Suspicious Activity Report (SAR) Financial Crimes 104

Fintech News

JUNE 16, 2024

The new funding will support the second cohort of the AWS Generative AI Accelerator, offering up to US$1 million in AWS credits to each of the 80 selected startups using generative AI to address complex challenges. In December, participants will have the opportunity to present their solutions at re:Invent 2024 in Las Vegas.

AI 115

AI CHIPS Database Participant 115

Fintech Finance

OCTOBER 1, 2024

For over a year, more than 200 companies have benefited from Confirm’s data, combined with Trustpair’s most effective integration of banking and corporate data, risk algorithms, and human expertise, ensuring a high level of protection against international fraud, through Trustpair’s participation on Onyx. The post J.P.

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Account Validation Accounts Fraud Prevention Blockchain 97

Fintech News

MAY 8, 2024

The conference drew over 3,000 participants from 87 countries, including 24 nations across the Asia Pacific region. Key topics addressed at Money20/20 Asia included AI, cross-border payments, open banking, digital assets, and Central Bank Digital Currencies (CBDCs).

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Returns Cross-Border Payments Cross-Border APACS 123

Fintech News

NOVEMBER 27, 2024

The Series B initially secured US$60 million in July 2024, led by Peak XV Partners, with participation from J.P. The platform addresses inefficiencies in legacy payment systems by offering improved transparency, instant liquidity, and enhanced security. Morgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.

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Cross-Border SARS Multi-Currency Correspondent Bank 114

Fintech News

APRIL 29, 2024

The Huawei Digital and Intelligent APAC Congress , co-hosted by Huawei and the ASEAN Foundation, recently concluded in Bangkok, drawing over 2,000 participants from 15 Asia Pacific nations. The event featured discussions on advancing digital and intelligent infrastructure in the region.

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APACS Economy Participant Agreements 102

Fintech Finance

AUGUST 15, 2024

Sionic is addressing the largest use case for real-time payments by consumers using their Apple or Google Wallet to pay for goods and services directly with a Bank Perks pass and earn instant perks from participating merchants. Merchants receive the digital direct deposits in seconds and bypass expensive credit card processing fees.

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AI Fraud Detection Technology Real Time Payments 97

NFCW

SEPTEMBER 11, 2024

To address this challenge and promote a good user experience, EMVCo has defined minimum acceptance criteria and developed a supporting ‘reduced range’ approval process to evaluate the performance of consumer and enterprise devices for contactless payment acceptance.”

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Contactless Payments Process Payments Addressing 99

Fintech News

JANUARY 21, 2024

The round, led by Cathay Innovation, included participation from entities such as Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI, and Ripple. The firm aims to continue developing transparent and regulated market-making services to address current market challenges, such as regulatory uncertainty and transparency.

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APACS Issuers Participant Addressing 106

Fintech Finance

NOVEMBER 19, 2024

Addressing a critical industry challenge The Mastercard QMR (Quarterly Mastercard Report) and Visa GOC (Global Operating Certificate) reports are comprehensive data submissions required by card schemes from businesses involved in payment processing. It’s an honour to be recognised among such strong industry peers.”

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Compliance Technology Payments Visa 98

Fintech News

MAY 8, 2024

The meeting also addressed enhancements in the non-bank financial intermediation sector, emphasising the need for improved data collection and sharing to monitor risks effectively. Both countries emphasised the importance of international standards to facilitate innovation while safeguarding financial stability.

Finance 115

Finance Regulations Cross-Border Payments Cross-Border 115

Fintech News

FEBRUARY 14, 2024

The collaboration between IFC and Thai Credit Bank not only aims to address these financial barriers but also intends to offer tailored non-financial services, including training and networking opportunities for WMSMEs. Jane Yuan Xu “Dedicated financing for MSMEs, including WMSMEs, is critical for an inclusive and sustainable economy.

Financial Inclusion 115

Financial Inclusion Non-Bank Underserved Finance 115

Fintech News

JULY 3, 2024

The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus, which seeks to address longstanding challenges in international money transfers by leveraging the power of domestic instant payment systems (IPS).

Cross-Border Payments 119

Cross-Border Payments Cross-Border Instant Payments Central Bank 119

Fintech Finance

DECEMBER 17, 2024

By expanding its services to MeridianBet, Kuady is helping advance financial access and inclusion throughout Latin America, enabling more people to participate actively in the digital economy. This integration addresses a key operational need, ensuring our users have reliable access to their funds in real time.

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Processors Payments Economy Security 92

Tearsheet

APRIL 5, 2024

Bringing over two decades of experience in the payments sector to the table, in her role as Senior Vice President of Global Products at Discover, Judith applies her expertise to develop solutions and address customer needs. How does Discover address evolving consumer demands in payments and how does the product team tackle these challenges?

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Product Payment APIs and Integration Payments Embedded Finance 103

Fintech News

APRIL 28, 2024

The 2024 edition, under Brazil’s G20 presidency, will address three specific challenges: developing technology for biodiversity and nature preservation, enhancing the quality and reliability of Environmental, Social, and Governance (ESG) data, and creating open-source tools for financial decisions aligned with SDGs.

Finance 118

Finance Central Bank Cross-Border Payments Cross-Border 118

Fintech News

SEPTEMBER 23, 2024

However, despite MAS’s engagement and multiple opportunities provided to Qoo10 to address the payment delays, the persistent issues led to the suspension. While Qoo10 is not yet licensed by MAS, it was allowed to continue operating while its application was under review under an exemption provided by the PS Act.

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Disputes Payments Authorization Participant 101

Fintech News

MARCH 10, 2024

Participants in the OCBC Women Entrepreneurs Programme will also benefit from educational workshops, networking opportunities, and mentorship from seasoned female entrepreneurs, addressing the persistent challenges women face in business.

Finance 122

Finance Participant Addressing Accounts 122

Fintech News

FEBRUARY 19, 2024

Xalts, recognised for enabling financial institutions and businesses to create and manage digital finance applications, seeks to enhance communication and transactions between network participants by integrating Contour’s standardised workflows.

FinTech 106

FinTech Cross-Border Finance Participant 106

Fintech News

AUGUST 23, 2024

Participants will discuss emerging market trends and strategies for maintaining resilience amidst global economic challenges. It will focus on the theme “Blueprint for the Next Decade of Finance: Responsible AI | Inclusive | Resilient,” addressing the key challenges and opportunities facing the global fintech industry.

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APACS FinTech Participant ISO 20022 129

Fintech News

MAY 7, 2024

COSMIC, which stands for Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases, is currently utilised by participating banks to enhance the detection and prevention of significant financial crimes through shared customer information.

AML 109

AML Money Laundering Non-Bank Financial Crimes 109

Fintech News

MAY 21, 2024

Source; SBI DAH The Future of Digital Assets: CBDCs and Cryptocurrencies Looking ahead, the survey participants anticipate greater adoption of various digital assets over the next three years. Nearly a quarter (23.5%) of the participants cited this as the key impediment to investing in digital assets.

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Settlement Cryptocurrency Blockchain Digital Currency 139

Tearsheet

APRIL 22, 2024

Visa introduced the Visa+ service in April last year to bridge the gap among various apps in the peer-to-peer (P2P) payments space, allowing for real-time payouts to participating digital wallets. From there, a sender can enter the recipient’s Visa+ payname in their participating wallet app and submit the payment.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

Fintech News

OCTOBER 6, 2024

Banks in North America, Europe, and Asia will participate, using Swift ’s platform to conduct transactions involving both digital assets and traditional currencies. The trials aim to address the issue of fragmented digital platforms, often called “digital islands,” by connecting them through Swift’s global network.

SWIFT 103

SWIFT Transactions Settlement Use Case 103

Fintech News

AUGUST 13, 2024

Addressing the risks of instant payments While the benefits of instant cross-border payments are clear, they also bring new challenges, particularly in terms of security and fraud prevention. “In “We see it as expanding the market for Southeast Asian businesses … and eventually build that skill to be more successful globally.

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Cross-Border Payments Cross-Border Payments Instant Payments 128

Fintech News

AUGUST 14, 2024

The MoU builds on these efforts, establishing a framework for MAS and participating banks to test QKD solutions provided by SPTel and SpeQtral. The proof-of-concept trials will help MAS and financial institutions better understand QKD’s potential impact on operations and address challenges early. to support related projects.

Security 107

Security Cybersecurity Authorization Risk Management 107

Fintech Finance

OCTOBER 25, 2024

Through a single and streamlined platform, players across the ecosystem – merchants, financial service providers, payments processors, digital wallets – will be able to present installment offers for consumers to any eligible credit card from participating issuers. Mastercard Installments provides trust and transparency.

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Visa Issuers Payment APIs and Integration Point-of-Sale (POS) 98

Fintech News

AUGUST 6, 2024

Singapore’s Minister for Transport and Second Minister for Finance, Chee Hong Tat, clarified that the Ministry of Culture, Community and Youth (MCCY) had addressed Income Insurance’s social mission and NTUC Enterprise’s rationale for the deal with Allianz.

Consumer Protection 110

Consumer Protection Consumer Risk Management Best Practices 110

Fintech News

MARCH 31, 2024

These institutions will participate in the initial phase of the platform, which currently focuses on addressing three main risks: the misuse of legal entities, trade finance exploitation for illicit purposes, and proliferation financing.

Financial Crimes 110

Financial Crimes Crime Money Laundering Law Enforcement 110