Fintech News

JULY 14, 2024

Partior, a fintech known for its global unified ledger based interbank rails for real-time clearing and settlement, has announced the first close of an over US$60 million Series B funding round led by Peak XV Partners, with participation from Valor Capital Group and Jump Trading Group as new investors. Existing shareholders J.P.

Cross-Border 101

Cross-Border Correspondent Bank Multi-Currency Settlement 101

The Fintech Times

AUGUST 28, 2024

Through the project , HKMA explores financial market infrastructure that facilitates seamless interbank settlement of tokenised money through a wCBDC. Having completed building the sandbox, HKMA will use it to facilitate interbank settlement using experimental tokenised money, focusing on transactions involving these tokenised assets.

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Interbank Settlement CBDC Settlement Use Case 134

PYMNTS

DECEMBER 17, 2019

Integrated settlements within accounts payable and accounts receivable, integrated banking, charge cards with data automatically linked to an accounting portal, the addition of invoice factoring capabilities – all of these are financial services and products that now have the potential to exist within a unified platform, thanks to open banking. .

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Liquidity Management API Cross-Border Payments Payment APIs and Integration 52

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.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 104

Finovate

JULY 26, 2024

Blockchain-based financial infrastructure company Partior has raised more than $60 million in Series B funding. Founded in 2021, the Singapore-based company offers banks unified, ledger-based interbank rails for real-time clearing and settlement. The AI component of FSTI 3.0 is designed in large part to remedy this.

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AI Cross-Border Payment APIs and Integration Multi-Currency 72

The Fintech Times

JULY 15, 2024

Additionally, we are keen to foster innovation with such a key player to develop tomorrow’s treasury management standards.” ” Enhancing global fund settlements BNP Paribas will also explore innovations in tokenised deposits for global treasury management, through Ant International’s ‘Whale’ platform.

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Cross-Border Payments Cross-Border Payment Solutions Treasury Management 49

Fintech Finance

JULY 15, 2024

The collaboration aims to improve the efficiency and speed of global fund settlements through the use of tokenised deposits.

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Cross-Border Payments Cross-Border Treasury Management Treasury 96

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.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

SEPTEMBER 13, 2018

Along with real-time conversions comes the need for real-time FX volatility management. Other areas of real-time processes include cash and liquidity management. Topics addressed will include clearing and settlement, rules and standards and migration away from existing infrastructure.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Risk Same Day ACH 40

The Fintech Times

JULY 24, 2024

Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management. RTP, on the other hand, is interoperable which allows third-party apps like Zelle to access and build products on.

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FedNow Instant Payments RTP Federal Reserve 58

PYMNTS

APRIL 15, 2020

For foreign payment service providers looking to facilitate cross-border B2B payments into China, the correspondent banking model often remains the only route to facilitate clearing and settlement. It’s not without its drawbacks, however.

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Correspondent Bank Correspondent Cross-Border B2B 76

The Fintech Times

DECEMBER 15, 2023

In the new world of borderless transactions, investing the time and technology in improving the cross-border payment experience will be critical to not only frictionless payments but also growth, liquidity management and risk mitigation.”

Cross-Border 58

Cross-Border Cross-Border Payments Interoperability Payments 58

Faster Payments Council

SEPTEMBER 23, 2023

. – making the life-cycle management and payments related to these assets an ever-increasing challenge. Newer infrastructure platforms are being built using blockchain / distributed ledger technology, posed to remediate the functional inefficiencies of legacy systems across product lines.

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FPC Federal Reserve RFP Faster Payments 88

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. From the bank’s point of view, transit from batch processing to real-time processing is not a minor issue.”.

Cross-Border Payments 64

Cross-Border Payments Cross-Border Innovation Correspondent Bank 64

PYMNTS

SEPTEMBER 26, 2019

Though the manic blockchain hype of 2018 has died down somewhat, FinTechs, banks and corporates continue to collaborate and innovate as they develop distributed ledger technology solutions for a range of use cases, including faster cross-border transactions. The technology uses a stablecoin linked to the U.S.

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Blockchain Cross-Border Cross-Border Payments Liquidity Management 61

The Fintech Times

NOVEMBER 6, 2024

” Blockchain-enabled cross-border payments StraitsX , a payments infrastructure provider for the digital assets space in Southeast Asia, has officially gone live in partnership with Ant International and Grab. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”

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Product Cross-Border FinTech Cross-Border Payments 58

PYMNTS

NOVEMBER 19, 2020

Plus, blockchain makes new inroads in the B2B arena. As Canada gears up to launch its real-time payments system, the Real-Time Rail (RTR), Payments Canada , the entity at the head of the initiative, has announced that Mastercard -owned Vocalink has been chosen as the clearing and settlement solution provider for the new payment rail.

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B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104