Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.

CBDC 111

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 111

The Fintech Times

AUGUST 28, 2024

It will also engage with the CBDC Expert Group to leverage its subject matter expertise to further advance the sandbox. The results from tests done in the HKMA’s new sandbox may well impact the future existence of an e-HKD, Hong Kong’s CBDC project.

Interbank Settlement 134

Interbank Settlement CBDC Settlement Use Case 134

Fintech Finance

JANUARY 11, 2024

The Practicalities of Cross-Border Payments in a Faster Payments World also highlights the challenges faced by fintech companies, providing insights into regulatory compliance, security, foreign exchange rate risks, lack of transparency, high costs, interoperability, data privacy, competition with financial institutions, and liquidity management.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

Fintech News

DECEMBER 15, 2024

This marks a critical milestone in the exploration of a Central Bank Digital Currency (CBDC). The PoC findings also revealed that DLT-based solutions could enhance liquidity management and security, ensuring seamless integration with both domestic and cross-border systems.

CBDC 111

CBDC Distributed Ledger Technology (DLT) ISO 20022 Cross-Border 111

Fintech News

JANUARY 9, 2025

The PoC demonstrated the transformative potential of DLT-based systems in improving liquidity management. The implementation of a decentralised fund transfer process further optimised liquidity management, enabling real-time transactions validated by distributed nodes. Each platform exhibited distinct strengths.

Distributed Ledger Technology (DLT) 124

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 124

The Payments Association

APRIL 14, 2025

For payment firms, a retail CBDC still represents a major prospective shift in the financial landscapeintroducing new competition in the form of central bank-issued money, and requiring firms to adapt their onboarding, wallet infrastructure, and data frameworks.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

The Payments Association

MARCH 18, 2025

During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC). Senator Lee has been among the most vocal opponents of a US CBDC, expressing concerns about potential government overreach.

Federal Reserve 88

Federal Reserve Stablecoins Fed Settlement 88