PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo!

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Central Bank Digital Currency Distributed Ledger Technology (DLT) CBDC 94

PYMNTS

SEPTEMBER 11, 2019

Enterprise software provider R3 is teaming up with Mastercard to establish a blockchain solution for cross-border payments, the companies said in a press release on Wednesday (Sept. The new blockchain-enabled solution aims to bridge international payments infrastructures, schemes and banks via a Mastercard clearing and settlement network.

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Cross-Border Payments Cross-Border Visa Blockchain 51

PYMNTS

JUNE 30, 2017

The blockchain has a bit of an identity crisis. And while it might be tempting to poke fun at those confident, if somewhat confused, CFOs, Adam Ludwin, co-founder & CEO at Chain , told Karen Webster that, actually, they are pretty much in the same boat as everyone else when it comes to the blockchain. “No Here’s a little proof.

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Blockchain B2B Payments Correspondent Bank 77

The Fintech Times

FEBRUARY 28, 2024

Aleks Stefanovski, VP for strategy and business operations at Visa “Another barrier is de-risking by correspondent banks. Most cross-border payments are processed on infrastructure provided by correspondent banks. “Over the past decade, the risk appetite at correspondent banks has declined.

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Cross-Border Payments Cross-Border Correspondent Bank Correspondent 57

PYMNTS

SEPTEMBER 6, 2018

Beyond cryptocurrencies, blockchain is making wakes as a conduit for transactions. And there are a number of initiatives from banks in that country to use blockchain to exchange assets. The digital asset facilitates the trade and supplies important settlement instructions.”

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Cross-Border SWIFT Cross-Border Payments Payment APIs and Integration 40

PYMNTS

DECEMBER 18, 2019

Accenture Backs Blockchain. Professional services firm Accenture is backing blockchain in a big way, announcing this week that it will collaborate with TradeIX to support corporate onboarding to the blockchain-powered trade finance platform of the Marco Polo Network. Credit Unions Mix Blockchain With Existing Rails.

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B2B Credit Union Electronic Funds Transfer (EFT) RTP 52

PYMNTS

JULY 31, 2019

Blockchain and AI to the Rescue. Some payments providers are also leveraging blockchain and distributed ledger technology (DLT) to meet these needs, expediting the cross-border payment process. Canadian payments network Interac is also investing in blockchain and DLT solutions.

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Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

PYMNTS

JULY 26, 2019

Increasingly, the financial services industry is targeting sluggishness in corporates’ cross-border payments, too, through technologies like blockchain and the development of faster payment rails around the globe. Some solution providers like Ripple are introducing new ways to bypass the correspondent banking system entirely.

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Cross-Border Payments Cross-Border Innovation Correspondent Bank 64

PYMNTS

SEPTEMBER 6, 2018

Blockchain — or rather, blockchain-focused projects — has been in the spotlight as China has been trialing financial services (FinServ) and security measures across those rails. However, blockchain is also gaining ground, and currency is offering a boost to the payments infrastructure. Africa As Greenfield Payments Opportunity.

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SWIFT Payment Initiation Caps Cross-Border Payments 40

PYMNTS

FEBRUARY 20, 2018

In addition, innovators the world over are exploring how technologies like blockchain could address payments speeds and efficiency on an international level. Payments experiences are far from ubiquitous from market to market, however, and a global payments settlement agency is now pressing for faster cross-border payments at a global scale.

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Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

FEBRUARY 8, 2018

This is particularly true as improving the payment experience, in terms of velocity of settlement, transparency and traceability, is a positive impact on commerce by [making it easier to do] business in places like China.”. It could be key to the broader Chinese economy too.

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B2B Cross-Border Payments Cross-Border Innovation 44

Fintech Labs Insights

OCTOBER 9, 2015

The company also announced this week that it was shortening its name to “Ripple,” representing the technology’s emergence as an enterprise-grade solution and the debut of two new products for banks: Cross-Currency Settlement and FX Market Making. International transaction banking service.

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Cross-Border Settlement Correspondent Bank Correspondent 25

The Fintech Times

FEBRUARY 21, 2024

. “Swift’s own strategy for instant and frictionless transactions is closely aligned with the G20 targets, and 89 per cent of transactions on our network now reach the recipient bank within an hour – ahead of the G20’s 2027 goal of settlement within an hour for 75 per cent of international payments.

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Cross-Border Payments Cross-Border ISO 20022 SWIFT 76

PYMNTS

SEPTEMBER 24, 2019

This week, SWIFT picks the latter, while JPMorgan Chase grows its initiative using blockchain to make cross-border transactions, and Form3 announces a new international payment services that connects banks with global small business payments capabilities via application programming interface (API).

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SWIFT Cross-Border Payment APIs and Integration Cross-Border Payments 73

CB Insights

FEBRUARY 8, 2018

Yet at the same time, according to a survey by The International Securities Association, 55% of companies polled are monitoring, researching, or developing solutions on top of blockchain. But this very loud and public backlash against cryptocurrencies from banks begs the question: What do banks have to be afraid of?

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Blockchain Bitcoin Correspondent Bank Cryptocurrency 78

PYMNTS

JANUARY 9, 2019

News came this week from Ripple, which has a presence in both the cryptocurrency and blockchain realms, that 13 more financial institutions have signed on RippleNet. Among the new additions to the roster: Euro Exim Bank, Ahli Bank of Kuwait, Pontual/USEND and others. Of Cryptos And Blockchain.

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Cross-Border SWIFT Correspondent Bank Multi-Currency 76

PYMNTS

JUNE 30, 2019

Visa, of course, announced its B2B Connect network, which will streamline 30 global trade corridors (to start) via fiat-based transactions settled over blockchain. The strategic move also has a financial component, as Ripple took a $50 million stake in the money transfer company. The Roadmap. “I

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B2B Cross-Border Cross-Border Payments Payments 109