Fintech News

MAY 21, 2024

The report, based on a survey of over 50 financial institutions across Asia, reveals that the digital assets space is poised for significant growth as institutional investors seek to diversify their portfolios and capitalise on the benefits of blockchain technology. of respondents predicting their growth in the coming years.

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Settlement Cryptocurrency Blockchain Digital Currency 122

CoinRemitter

MARCH 20, 2024

The combination of AI and blockchain may fix all the hesitance and make crypto payments look more reliable than now. Let’s see how AI in blockchain can affect and what factors can cause an improved experience of accepting crypto payments. Generally, blockchains are isolated, which is good for security purposes.

Blockchain 40

Blockchain AI Fraud Detection Payment Gateways 40

Fintech News

JULY 16, 2024

Launched on Ethereum in February 2024, XUSD is available as an ERC-20 token with plans to expand to other blockchain networks and DeFi protocols. Tianwei Liu Tianwei Liu, CEO and Co-founder of StraitsX said, “The launch of XUSD and our recent MPI licences represent major steps forward in simplifying and securing payment settlements.

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Stablecoins Security Cross-Border Settlement 85

The Fintech Times

SEPTEMBER 12, 2024

Considering blockchain and tokenisation Attention turned to tokenisation for the next panel session, as George Gvazava , chief crypto officer at the Bank of Georgia , revealed his thoughts on the benefits of blockchain: “If the regulation permits fully what blockchain technology delivers, we could actually see our world become a better place.

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Central Bank Financial Inclusion Blockchain Interoperability 64

PYMNTS

AUGUST 1, 2019

Such experiences require payments interoperability, which can be a significant challenge due to changing technologies and regulations. Many initiatives are currently underway around the globe to push such efforts along, meaning interoperability may not be as far off as once thought. What is payments interoperability?

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

Fintech News

DECEMBER 11, 2023

The first being the indirect model, where commercial banks manage CBDC wallets and settlements directly on the UDPN, while the central bank handles wholesale settlement between commercial banks and keeps all transaction records. The PoC explored two models. Globally, over 130 countries are exploring, developing, or have launched CBDCs.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 89

Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).

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Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

The Fintech Times

JUNE 6, 2024

Project mBridge , a collaborative initiative involving multiple central banks and the Bank for International Settlements’ (BIS), h as reached an important development milestone. The platform supports real-time, peer-to-peer transactions and foreign exchange operations, using the mBridge Ledger, a new blockchain infrastructure.

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Participant Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 45

Fintech News

JUNE 19, 2024

Be it central bank digital currencies (CBDCs), a tokenised digital Singapore Dollar, or various initiatives backed by governmental regulators, stablecoins are one of the more pivotal developments in the world of cryptocurrencies and blockchain technology. It has already arrived.”

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Stablecoins Cross-Border Cross-Border Payments Blockchain 86

The Fintech Times

MAY 16, 2024

Standard Chartered Bank (Hong Kong) Limited (SCBHK), the international cross-border bank, is making strides in the world of blockchain as it explores the operational and risk management benefits of tokenised deposits to support the settlement of tokenised assets.

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Visa Blockchain Multi-Currency Cross-Border 75

PYMNTS

OCTOBER 12, 2016

Blockchain startup contests. With €15,000 in prize money ready to be handed out, BlockchainHub Graz and industry partners have announced a Blockchain Startup Contest. With the expansion of blockchain, this is likely not a one-off competition. The Blockchain Startup Contest is the very thing that the industry needs.

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Blockchain Regulations Distributed Ledger Technology (DLT) Fed 77

PYMNTS

SEPTEMBER 26, 2017

Blockchain remains a hot topic among FinTech innovators, and now, more corporates are paying attention. 25), Windsor Holden, head of forecasting and consultancy at Juniper Research, said the survey showed a “dramatic” increase in the awareness of blockchain technology among corporates.

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Research Blockchain Interoperability Settlement 50

PYMNTS

AUGUST 3, 2020

’ ongoing development of a faster payments ecosystem has created space for digital assets and blockchain to play an increasingly important role in the landscape. Real-time settlement negates the need for batch settlement, which has been the norm in corporate treasury departments and within financial institutions (FIs) for decades.

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Real Time Payments Office of the Comptroller of the Currency Settlement Treasury 117

PYMNTS

JULY 2, 2018

Financial Reporting Council’s Financial Reporting Lab has released a new report on the potential applications of blockchain in the corporate accounting space. But the group also acknowledges that blockchain technology is not yet sufficiently developed to actualize its effect in the corporate finance space.

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Blockchain Interoperability Settlement Finance 40

PYMNTS

NOVEMBER 26, 2019

Last month , SAP announced it was teaming up with professional services firm Accenture and blockchain company R3 to develop a distributed ledger technology (DLT) solution that aims to accelerate the settlement of payments between banks and customers.

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Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement Blockchain 60

The Fintech Times

DECEMBER 15, 2023

Today our selection of leaders discuss the evolving payment landscape in 2024, touching on trends like convergence of personal and corporate payments, real-time cross-border payments, interoperability’s influence, and the significance of orchestration in streamlining payments in the travel sector.

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Cross-Border Cross-Border Payments Interoperability Payments 59

Fintech Finance

MAY 16, 2024

Standard Chartered Bank (Hong Kong) Limited (“SCBHK”) has partnered with Mox Bank Limited (“Mox”), Mastercard and Libeara on a proof-of-concept (“POC”) pilot exploring the operational and risk management benefits of tokenized deposits to support the settlement of tokenized assets.

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Visa Multi-Currency Authorization Innovation 52

PYMNTS

AUGUST 29, 2018

Banks seem smitten by blockchain. PwC writes in its “Global Blockchain Survey 2018” that responses from 600 executives across 15 territories are embracing distributed ledger technology (DLT) with enthusiasm. Everyone is talking about blockchain and no one wants to be left behind.”. Seems everyone is getting into the act.

Blockchain 40

Blockchain Distributed Ledger Technology (DLT) Financial Inclusion Interoperability 40

PYMNTS

MARCH 15, 2019

Among the new members is blockchain company R3, according to Bitcoin Exchange Guide reports on Thursday (March 14), which will be represented in the Council by the firm’s Head of Trade and Supply Chain Alisa DiCaprio. “The ready availability of trade finance is a crucial ingredient to the success of U.S.

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Finance Visa Blockchain Interoperability 76

PYMNTS

NOVEMBER 23, 2020

Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments.

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Financial Inclusion Office of the Comptroller of the Currency Blockchain OCC 86

PYMNTS

JANUARY 30, 2019

The gateway will enable the continuous monitoring and control of payment flows and the subsequent movement of goods by those trade platforms, while, to ensure global integration and interoperability, it will support application programming interfaces (APIs), as well as SWIFT and ISO standards.”.

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SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 60

PYMNTS

JANUARY 26, 2017

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. For one firm, Finlync , the key to unlocking the potential of blockchain in B2B processes is unlocking the underlying data of that activity.

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Blockchain Cross-Border Payments Cross-Border B2B 57

PYMNTS

AUGUST 21, 2020

As many as 80 percent of the 66 central banks polled by the Bank of International Settlements said they were at some stage of CBDC development. Interoperability Is Key. To get there, interoperability is key, said Cunha. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept.

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CBDC Fed Federal Reserve ISO 20022 107

PYMNTS

JANUARY 30, 2019

The gateway will enable the continuous monitoring and control of payment flows and the subsequent movement of goods by those trade platforms, while to ensure global integration and interoperability it will support application programming interfaces (APIs), as well as SWIFT and ISO standards.”.

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SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 46

CB Insights

MAY 8, 2018

While the prices of cryptocurrencies and cryptoassets have fallen from their 2017 peaks, equity investment into blockchain startups is on pace to hit all-time highs in 2018. THE FUTURE OF BLOCKCHAIN TECH. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. in February.

Blockchain 75

Blockchain Technology Cryptocurrency Use Case 75

PYMNTS

DECEMBER 3, 2019

“For example, some freelance marketplaces, survey websites and affiliate marketing businesses are paying out funds using gift cards or store credits in order to avoid pricey cross-border fees and slow settlement times, which sometimes don’t support certain local currencies or bank account payouts.”. A Borderless Blockchain.

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Cross-Border B2B Cross-Border Payments Blockchain 53

PYMNTS

DECEMBER 18, 2017

Citi has implemented what it calls a “blockchain-inspired” distributed ledger technology in its back-office to manage collateral in its ledger and send cash or securities, the financial institution (FI) announced Friday (Dec. 15) in a press release. Currently, banks have to set aside capital as they wait for collateral to be settled.

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Blockchain Real Time Payments Interoperability Treasury 46

PYMNTS

FEBRUARY 4, 2019

The new rail facilitates 24/7 payment clearing and settlement in real time. The system would facilitate 24/7 year-round interbank settlements of faster payments and also provide a liquidity management tool to support transfers between Federal Reserve accounts. The Federal Approach. Dissenting Views.

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Faster Payments Federal Reserve Real Time Payments TCH 73

Fintech News

MAY 8, 2024

Thailand’s CBDC journey The BOT’s journey towards a CBDC began in 2018 with Project Inthanon, which focused on creating a decentralised Real-Time Gross Settlement (RTGS) prototype using wholesale CBDC. The project evolved, incorporating enhanced functionalities, cross-border fund transfers, and a Corporate CBDC Pilot Program.

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CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 101

Faster Payments Council

SEPTEMBER 12, 2022

The panel will discuss issues such as security, governance, and interoperability as well as concerns that the U.S. In this session, FPC QR Code work group leaders address the call to action for payment industry standards needed for universal acceptance and interoperability of QR codes.

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FPC Federal Reserve Cross-Border Payments Faster Payments 88

PYMNTS

SEPTEMBER 21, 2016

Two new same-day settlement windows will be added to the ACH Network, which will increase the actual movement of funds between all those financial institutions from once a day (at the beginning of the day) to three times a day. More frequent settlement can also benefit messaging layers that may operate on top of the ACH Network.

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Faster Payments Same Day ACH ACH ACH Network 76

PYMNTS

AUGUST 30, 2018

As more companies go global and engage in cross-border trade, these rails will face increased demand to efficiently deliver money, and there will be a growing need for the adoption of a common protocol to improve interoperability between payment systems, opening doors for new players to expand their reach.

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Same Day ACH Cross-Border ACH SWIFT 40

The Fintech Times

FEBRUARY 28, 2024

The absence of interoperability between different systems can create additional barriers and inefficiencies, affecting the growth of payments. “A lack of transparency in transaction tracking and settlement erodes overall market confidence, which can be further exacerbated by regulatory complexities.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 59

The Fintech Times

JULY 24, 2024

RTP, on the other hand, is interoperable which allows third-party apps like Zelle to access and build products on. With the Fed establishing their own instant payments platform (FedNow), instant settlement is no longer a novel innovation, but a permanent capability in the US economy.

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FedNow Instant Payments RTP Federal Reserve 59

PYMNTS

JUNE 21, 2017

Bruce Parker, CEO of Modo, told PYMNTS’ Karen Webster, “The whole reason we haven’t seen true proliferation of great ideas and great solutions and great experiences in payments comes down to a lack of interoperability.” It all comes down to simple accounting and communication.

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Interoperability Push-to-Card Reconciliation Transactions 65

PYMNTS

DECEMBER 7, 2017

PrivateLine uses a secure transmission protocol called InMail, offering digital certificates and real-time, reconciled clearing and settlement between financial firms via its Trusted Settlement offering. That has been thrown out” in favor of what he called “blockchain-like” technology.

Security 40

Security Online and Mobile Banking Blockchain Credit Cards 40

Clearly Payments

DECEMBER 5, 2023

Transaction Settlement: After authorization, the payment processor initiates the transfer of funds from the buyer’s account to the seller’s account. The emergence of networks like Visa and Mastercard further standardized the credit card industry, establishing a framework for interoperability and widespread acceptance.

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Processors ISOs Payment APIs and Integration Payments 52