Fintech Finance

OCTOBER 30, 2024

Banco Santander , Lloyds Banking Group , and UBS have successfully completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS).

Distributed Ledger Technology (DLT) 96

Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments 96

The Fintech Times

AUGUST 6, 2024

In 2019, the Bank of Thailand launched a regulatory sandbox initiative. The central bank is also involved in the Inthanon Project , a joint initiative with the Hong Kong Monetary Authority in which it works alongside eight commercial banks to explore the potential of Distributed Ledger Technology (DLT) in developing a wholesale CBDC.

FinTech 116

FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

PYMNTS

DECEMBER 22, 2020

The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk. NTT Data, Project Spunta’s developer, and payment system provider SIA, are participating in the research experiment, Ledger Insights reported.

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Distributed Ledger Technology (DLT) CBDC Digital Currency Bitcoin 69

PYMNTS

SEPTEMBER 15, 2020

According to Emirates NBD Group Chief Operating Officer Abdulla Qassem, TCS' solution "has moved our payments operations internally for standardized, scalable and centralized processing, along with the capability to adopt new market evolutions in clearing, including SWIFT for Corporates.". Mastercard Leads Central Bank Digital Currency Test.

RTP 105

RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105

PYMNTS

DECEMBER 13, 2019

With the belief that it could cause instability within the country’s financial system, the government of Switzerland spoke against making a central bank digital currency available to the public. The SNB and the Bank for International Settlements (BIS) are said to be exploring the widespread use of digital central bank currencies.

Digital Currency 40

Digital Currency Central Bank Distributed Ledger Technology (DLT) Money Laundering 40

PYMNTS

NOVEMBER 25, 2020

“Today, authorities around the world are grappling with the rise of digital currencies and decentralized finance based on both emerging technologies — particularly various combinations of distributed ledger technology (DLT) and blockchain and advances in traditional centralized systems underpinning finance,” according to the report.

Stablecoins 92

Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees.

Real Time Gross Settlement (RTGS) 98

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Blockchain Money Laundering 98

PYMNTS

OCTOBER 23, 2018

The system, intended to be linked with market infrastructure already in place, enabled participants to settle mock securities with mock central bank cash.

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Distributed Ledger Technology (DLT) Stablecoins Bitcoin Blockchain 76

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024.

Payments Trends 120

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 120

The Paypers

MAY 16, 2024

The Eurosystem has begun a series of trials to assess the application of distributed ledger technology (DLT) for settling wholesale transactions in central bank money.

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Distributed Ledger Technology (DLT) Transactions Central Bank Assessments 36

PYMNTS

AUGUST 23, 2018

In Thailand, headlines showed that the country’s central bank will issue its own digital currency. The currency to be released by the Bank of Thailand, according to The Next Web , is based off an open source blockchain that the site said is “eerily reminiscent of Ripple ,” the banking ledger from Ripple Labs.

Central Bank 41

Central Bank Distributed Ledger Technology (DLT) Bitcoin Accounts 41

The Paypers

SEPTEMBER 22, 2017

(The Paypers) Deutsche Bundesbank has explored the potential of distributed ledger technology (DLT) for the financial sector in a new report.

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Distributed Ledger Technology (DLT) Central Bank Payments Technology 31

PYMNTS

NOVEMBER 2, 2020

In other news, the Reserve Bank of Australia (RBA) is exploring the potential of a central bank digital currency (CBDC), in partnership with the National Australia Bank , Commonwealth Bank , Perpetual Limited and ConsenSys Software , the bank announced in a press release.

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CBDC Distributed Ledger Technology (DLT) Visa AML 64

CoinRemitter

FEBRUARY 9, 2024

A Central Bank Digital Currency is a country’s official currency, presented in a digital form. It operates on a blockchain network and is issued and backed by the central bank of the respective country. Unlike cryptocurrencies, they’re issued by centralized authorities and can be used as legal tenders.

Digital Currency 40

Digital Currency Central Bank CBDC Distributed Ledger Technology (DLT) 40

PYMNTS

NOVEMBER 26, 2019

The SAP App Center is a fully digital enterprise marketplace where people can try, buy, manage and deploy trusted partner applications that extend existing SAP technology and solutions. The solution integrates into R3’s Corda distributed ledger platform to support interaction of the solution with existing RTGS systems.

Real Time Gross Settlement (RTGS) 60

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

PYMNTS

DECEMBER 17, 2019

With [distributed ledger technology] DLT, Accenture has been focused on financial services infrastructure, supply chain and digital identity — this hits the core of all three of those.” . Last month, Bank of New York Mellon was the 28th bank to join.

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Distributed Ledger Technology (DLT) Blockchain Finance Cross-Border Payments 53

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 Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing.

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

PYMNTS

SEPTEMBER 18, 2019

To that end, the Bank for International Settlements (BIS) said in a paper titled “Embedded supervision: how to build regulation into blockchain finance” that distributed ledger technology (DLT) could be a part of bank infrastructure and could be used to automate supervision.

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Distributed Ledger Technology (DLT) Blockchain Central Bank Compliance 43

PYMNTS

SEPTEMBER 18, 2018

trillion by the Asian Development Bank – could be reduced by $1 trillion if distributed ledger technology (DLT) sees greater adoption by industry participants. ” Significant shifts, including the migration of banks away from the center of trade finance, won’t necessarily be easy to endure.

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Distributed Ledger Technology (DLT) Blockchain Finance Government 55

The Fintech Times

DECEMBER 21, 2023

Looking specifically at open banking, 2024 will see more news on this front. In 2023, Saudi Arabia announced its Open Banking Lab by the Saudi Central Bank (SAMA) , not even a year after SAMA launched its Open Banking Framework. Notably, in countries like Saudi Arabia, Bahrain and the United Arab Emirates (UAE).

FinTech 64

FinTech Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 64

PYMNTS

AUGUST 23, 2018

Bloomberg reports that banks in Kenya are pursuing regulatory approval to use distributed ledger technologies (DLT) to help facilitate payments and create credit scoring models. But, Kenya’s central bank has sounded a note of caution.

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Distributed Ledger Technology (DLT) Blockchain Central Bank Caps 40

PYMNTS

OCTOBER 25, 2019

Enterprise software firm SAP is 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. A press release issued on Thursday (Oct. ”

Real Time Gross Settlement (RTGS) 40

Real Time Gross Settlement (RTGS) Settlement Distributed Ledger Technology (DLT) Blockchain 40

Neopay

MAY 28, 2024

Both sides also shared insights from their work on tokenisation and exchanged some reflections from their respective work on the UK’s Digital Securities Sandbox and the EU’s Distributed Ledger Technology (DLT) Pilot Regime.

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Distributed Ledger Technology (DLT) Money Laundering AML AI 52

PYMNTS

JUNE 20, 2019

Carney also noted in published remarks , according to Coindesk , that consortia “propose to issue digital tokens that are fully backed by central bank money, allowing instant settlement.” ” He noted that projects with distributed ledger technology (DLT) could unlock “billions of pounds in capital and liquidity.”.

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Distributed Ledger Technology (DLT) Regulations Non-Bank Money Laundering 46

PYMNTS

NOVEMBER 22, 2017

The nation’s excitement over distributed ledger technology (DLT) cannot be ignored. The Monetary Authority said it expects about 20 global banks to join the partnership, which aims to develop a blockchain-based network to facilitate trade between Singapore and Hong Kong via the transmission of digital documents and data.

Blockchain 53

Blockchain Cross-Border Distributed Ledger Technology (DLT) Central Bank 53

PYMNTS

NOVEMBER 3, 2020

In the latest show of support for distributed ledger technology, J.P. Morgan Chase said it has forged a new blockchain unit to focus on distributed ledger technology (DLT)-related project. Chase Creates New Blockchain Unit. and break its "monetary sovereignty.".

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

PYMNTS

DECEMBER 9, 2019

Esser highlighted three key areas with major opportunities for improvement in the credit union market, with CULedger finding blockchain a promising technology to address them. Esser highlighted the friction that traditionally emerges when central banks hold control in a cross-border transaction.

Credit Union 54

Credit Union Cross-Border Distributed Ledger Technology (DLT) Electronic Funds Transfer (EFT) 54

PYMNTS

DECEMBER 5, 2018

Central banks must work hard to keep up with the ever-changing payments landscape. While central banks with legacy RTGS systems are pondering their next moves, others are looking to incorporate the technology for the first time. Some, like Denmark , debuted their in-house solutions in the early 2000s.

Real Time Gross Settlement (RTGS) 40

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Central Bank Instant Payments 40

Fintech News

OCTOBER 28, 2024

The shortlisted teams, comprising fintech firms and solution providers from regions including Australia, India, the United States, and Kenya, have presented proposals utilising technologies like Artificial Intelligence (AI) and Distributed Ledger Technology (DLT) to enhance financial well-being and resilience in today’s evolving economic landscape.

FinTech 117

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 117

PYMNTS

AUGUST 29, 2018

Banks seem smitten by blockchain. Traditional banks, especially, and central banks, too. PwC writes in its “Global Blockchain Survey 2018” that responses from 600 executives across 15 territories are embracing distributed ledger technology (DLT) with enthusiasm.

Blockchain 40

Blockchain Distributed Ledger Technology (DLT) Financial Inclusion Interoperability 40

Global Fintech & Digital Assets

FEBRUARY 26, 2024

digital representation of value, which can be used for payment or investment purposes or to access a good or service) that depend on cryptography and distributed ledger technologies (DLT) or similar technologies. Scope of Application Cryptoassets will be defined as private digital assets (i.e.,

Consulting 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

Clearly Payments

AUGUST 29, 2024

Central Bank Digital Currencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial transactions. Europe : The European Central Bank (ECB) is actively working on a digital euro. According to the World Bank, around 1.7

Central Bank 90

Central Bank Digital Currency CBDC Cross-Border Payments 90

PYMNTS

JULY 24, 2018

A revamped Bank of England (BoE) payments system is expected to connect with FinTech firms using distributed ledger technology (DLT). A number of recommendations were received to ensure optimal access to central bank money.”.

Real Time Gross Settlement (RTGS) 40

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Blockchain Cross-Border Payments 40

PYMNTS

SEPTEMBER 3, 2018

The logistics-focused blockchain news comes in the wake of reports that Kenyan banks are looking to gain regulatory approval to enlist the aid of blockchain, to both facilitate payments and aid in developing credit scoring models.

Blockchain 41

Blockchain API Distributed Ledger Technology (DLT) Cross-Border 41

Fintech News

DECEMBER 15, 2024

Bank Indonesia has announced the successful completion of the Proof of Concept (PoC) for the wholesale Rupiah Digital under its Garuda Project. This marks a critical milestone in the exploration of a Central Bank Digital Currency (CBDC).

CBDC 69

CBDC Distributed Ledger Technology (DLT) ISO 20022 Cross-Border 69

The Payments Association

NOVEMBER 18, 2024

This acceleration could catalyse the uptake of central bank digital currencies (CBDCs) and other digital asset solutions. Lewis predicts that “if people start using stablecoins as a means of payment, I think that will then see a bit of a boom accelerate.”

Stablecoins 88

Stablecoins Distributed Ledger Technology (DLT) Digital Currency Caps 88