Open Banking Excellence

JULY 1, 2024

With the UK government continuing to support the UK’s broader fintech environment and promote open banking innovation, Open Banking in a Box will champion the UK’s world-leading open banking standards and make the case for greater cross-border interoperability that will benefit UK PLC and support financial inclusion globally.

Use Case 130

Use Case Cross-Border Regulations Best Practices 130

Fintech Finance

DECEMBER 13, 2023

The Central Bank of Colombia, Banco de la República , today announced it is partnering with ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software , to build a new domestic real-time payments ecosystem as part of a nationwide banking transformation project.

Real Time Payments 52

Real Time Payments Central Bank Financial Inclusion Payments 52

Fintech News

MARCH 5, 2024

Through this payment linkage launched in December 2023, individuals can pay for goods and services by scanning the Hong Kong FPS QR code or the Thai PromptPay QR Code at participating merchants. 3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P.

Embedded Finance 105

Embedded Finance APACS Financial Inclusion CBDC 105

The Fintech Times

SEPTEMBER 8, 2024

The Saudi Central Bank (SAMA) is working on strengthening the Saudi Arabian fintech ecosystem, and in doing so, has recognised the potential of open banking. As a result, SAMA has announced the issuance of the second release under the open banking framework, focused on the payment initiation service (PIS).

Innovation 59

Innovation Best Practices Financial Inclusion Central Bank 59

Fintech Finance

OCTOBER 4, 2024

The context and challenges of each impact the means, not the end, because the result of this digital revolution is very similar in all these regions: economic development, financial inclusion, and innovation,” says Juliana Etcheverry , Director of Country Growth – Latin America at EBANX.

Consumer 98

Consumer Credit Cards Online and Mobile Banking Instant Payments 98

Fintech News

MARCH 5, 2024

Through this payment linkage launched in December 2023, individuals can pay for goods and services by scanning the Hong Kong FPS QR code or the Thai PromptPay QR Code at participating merchants. 3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P.

Embedded Finance 98

Embedded Finance APACS Financial Inclusion CBDC 98

Fintech Finance

FEBRUARY 6, 2024

” Nepal’s transition from a cash-based economy to a burgeoning digital payment ecosystem has been a remarkable journey with positive impact on financial inclusion and economic development. Of these, 81% utilize banking services, and 9% opt for other formal financial services. billion people.

Interoperability 64

Interoperability Real Time Payments Non-Bank Financial Inclusion 64

CoinRemitter

MAY 29, 2024

With the rise in digital currencies for payments and transactions, two innovations are much discussed: Central Bank Decentralised Currencies (CBDCs) and cryptocurrencies. CBDCs Central Bank Decentralised Currencies (CBDCs) is a form of digital currency, that is issued and regulated by the central bank of a country.

Cryptocurrency 49

Cryptocurrency Central Bank Digital Currency Privacy 49

The Fintech Times

MAY 15, 2024

From government officials and policymakers to start-up founders, the two-day Dubai FinTech Summit 2024, held at Madinat Jumeirah, saw over 300 thought leaders participate in 125 discussions across five stages and over 200 exhibitors showcasing cutting-edge technologies.

FinTech 59

FinTech Advisors Financial Inclusion Participant 59

Fintech News

JUNE 19, 2024

Stablecoins have been rising in conversation within the financial ecosystem of Singapore. Stablecoins can be backed by fiat currencies, commodities, or even other cryptocurrencies, and offer a range of benefits, including faster and cheaper cross-border transactions, increased financial inclusion, and the potential for programmable money.

Stablecoins 109

Stablecoins Cross-Border Cross-Border Payments Blockchain 109

PYMNTS

JANUARY 14, 2021

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Saudi Arabia’s central bank said the plan is for open banking to go live in the first half of 2022.

Innovation 90

Innovation Financial Inclusion Central Bank Participant 90

The Fintech Times

MARCH 14, 2024

Benefits of digital wallets The surge in e-wallet popularity underscores the real demand to address the unbanked population and bolster financial inclusion, fundamentally reshaping the lives of millions of individuals. Here’s why. Firstly, the regulatory environment in the Philippines is conducive to fintech innovation.

Online and Mobile Banking 115

Online and Mobile Banking Financial Inclusion Encryption Financial Literacy 115

The Fintech Times

SEPTEMBER 25, 2024

While 134 countries and currency unions, representing 98 per cent of global GDP, are currently exploring a central bank digital currency (CBDC), the Bank of Canada has revealed it is officially putting efforts to introduce a digital version of the Canadian dollar on pause. Could a CBDC still be in Canada’s future? .

CBDC 75

CBDC Digital Currency Central Bank Privacy 75

Fintech News

AUGUST 12, 2024

Holistic inclusion, beyond financial inclusion Holistic inclusion is another key theme in the financial sector. Holistic inclusion goes beyond financial inclusion, focusing on participation from women, persons with disabilities, and providing opportunities across the rural and urban demographics.

Embedded Finance 109

Embedded Finance FinTech Non-Bank Cross-Border 109

Fintech Finance

FEBRUARY 6, 2024

Astra Tech , the leading consumer technology holding group in the MENA region, announces its partnership with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), for the launch of Aani —an advanced instant payment platform.

FinTech 52

FinTech Funds Transfer IBAN P2P 52

PYMNTS

SEPTEMBER 21, 2020

Or at least it presents the start of one, as it pushed Jordan’s central bank to develop JoMoPay , the nation’s national mobile payment system. Designed as part of the central bank’s national financial-inclusion strategy, JoMoPay provides the regulatory framework under which Dinarak operates.

Online and Mobile Banking 102

Online and Mobile Banking Financial Inclusion Interoperability Participant 102

Faster Payments Council

MARCH 30, 2022

Attend this session to hear a discussion on financial inclusion, authentication, and consumer protections. It will be based on the results of an online survey of 100 participants from payments processing organizations across the globe (conducted by Edgar, Dunn & Company on behalf of ACI Worldwide and the U.S.

FPC 88

FPC Faster Payments Cross-Border Financial Inclusion 88

PYMNTS

APRIL 16, 2019

Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. According to the publication, the Federal Reserve is eyeing ways to engage more frequently with industry participants on innovation outside the purview of the outsourced risk process.

Federal Reserve 84

Federal Reserve Cross-Border FinTech Payment APIs and Integration 84

The Fintech Times

FEBRUARY 19, 2024

They can easily capitalise on personalisation, financial inclusion , and frictionless finance through their data-driven approach to customers and providing customised payment solutions to all, even those who are unbanked and financially excluded. Fintechs are natural trailblazers in the cashless revolution.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

Fintech News

DECEMBER 10, 2023

Philippines funnelling resources to shape inclusive fintech future Fintech Philippines Report 2023 With a significant portion of the population still unbanked or underbanked, the Philippines offers fertile ground for fintech solutions to make a tangible impact.

FinTech 119

FinTech Cross-Border Deepfake Cross-Border Payments 119

Fintech News

DECEMBER 19, 2023

The 2024 edition of AFF will build on the success of the previous iteration, which witnessed a robust participation with over 2,500 on-site attendees and an additional 4,500 virtually connected participants. The event will host a lineup of over 900 renowned expert speakers who will delve into the latest trends in technology.

FinTech 124

FinTech Web 3.0 AI Participant 124

PYMNTS

AUGUST 29, 2018

The round was led by the payments company Stripe, with other participating investors including Visa, Tencent and Y Combinator. Despite being home to Africa’s biggest mobile phone market, Nigeria is seeing a decline in banked adults. million in seed financing. That has led to more people in the country becoming unbanked.

Financial Inclusion 40

Financial Inclusion Central Bank Processors Agreements 40

Fintech News

JANUARY 3, 2024

The 2024 edition of AFF will build on the success of the previous iteration, which witnessed a robust participation with over 2,500 on-site attendees and an additional 4,500 virtually connected participants. AI, and regional developments in the financial sector.

APACS 110

APACS FinTech Web 3.0 AI 110

PYMNTS

SEPTEMBER 17, 2019

16) said its Series A round was led by Flourish, a venture of The Omidyar Group, while DST Global and existing backers Newfund, Speedinvest and Le Studio VC also participated. The company also plans to introduce additional financial services including a savings account and digital wallet product. FairMoney on Monday (Sept.

Financial Inclusion 46

Financial Inclusion Underserved Small Business Underwriting 46

Finovate

SEPTEMBER 20, 2024

Before that, we were talking about Ireland’s Central Bank and its search for top fintech talent, new investment in mobile payments in the Philippines , and the pace of digital transformation in India’s financial services sector. You never know where Finovate Global will take you on any given week.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

Fintech News

OCTOBER 16, 2024

Building on its success in 2023, which attracted over 66,000 participants from 150 countries, SFF 2024 will feature a distinguished lineup of global central bankers, regulators, industry leaders, entrepreneurs, investors, innovators, and influencers.

FinTech 109

FinTech Cross-Border Payments AI Innovation 109

PYMNTS

OCTOBER 25, 2019

The network includes 46 additional financial authorities, central banks, and international organizations from around the globe. “By By promoting knowledge-sharing on innovation in financial services, U.S. Participation in international organizations such as this helps U.S.

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency Regulations Innovation OCC 40

Payment Savvy

MAY 15, 2023

It encourages financial institutions to provide affordable and user-friendly services to customers. This promotes greater financial inclusion and ensures everyone can access fast, reliable payment services. How FedNow Works FedNow instant payment service will allow for instant money transfers between banks, 24/7.

FedNow 52

FedNow Federal Reserve Liquidity Management Instant Payments 52

Fintech News

JULY 3, 2024

This includes provisions for anti-money laundering (AML) and countering the financing of terrorism (CFT) measures, as well as accommodating different foreign exchange regulations across participating countries. Bank Indonesia (BI) will continue its association with the project as a special observer.

Cross-Border Payments 112

Cross-Border Payments Cross-Border Instant Payments Central Bank 112

PYMNTS

NOVEMBER 22, 2018

These requirements were never anticipated by the industry participants at the time of signing contracts with the banks. By the way, cash usage has been on the upswing, as the central bank estimated late this last summer that the value of cash grew by more than 37 percent in 2018.). The Opportunity Ahead.

ATM 75

ATM Digital Payments Payments Financial Inclusion 75

PYMNTS

AUGUST 29, 2018

Banks seem smitten by blockchain. Traditional banks, especially, and central banks, too. First, some numbers and some observations, general ones, and then winnowed down through the financial sector. Seems everyone is getting into the act.

Blockchain 40

Blockchain Distributed Ledger Technology (DLT) Financial Inclusion Interoperability 40

Clearly Payments

MARCH 18, 2024

Reduced Friction: FedNow endeavors to streamline the digital cash transfer process by enabling immediate settlement between participating banks. Central bank digital currencies (CBDCs) represent a notable development, offering governments and central banks the ability to issue digital versions of their national currencies.

Credit Cards 94

Credit Cards Federal Reserve FedNow Online and Mobile Banking 94

PYMNTS

FEBRUARY 21, 2019

While these FIs are offering users different banking approaches and bringing new participants into the digital economy, they must still take the time to confirm that their customers are who they claim to be. Nubank and Neon cater to Brazilian consumers, and Uala is based in the Argentinian market.

Financial Inclusion 46

Financial Inclusion Financial Literacy Push-to-Card Credit Cards 46

PYMNTS

JUNE 17, 2019

FPS was developed and piloted with the collaboration of a dozen Russian banks and payment service providers, including Alfa Bank, Gazprombank, Raiffeisenbank and TB, all of which belonged to the Fintech Association founded by the Central Bank of Russia. Expanding financial access, boost financial competition.

Faster Payments 80

Faster Payments C2G Payments P2P 80

PYMNTS

FEBRUARY 20, 2018

China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. Those payments, according to chairman Benoît Cœuré, “are vital for growth and financial inclusion.”. In the U.S.,

Cross-Border Payments 43

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

Fintech News

MARCH 6, 2024

In an effort to mitigate these customer pain points and to cater to the evolving needs and growing digital inclination of customers, there has been a marked rise in the number of digital first banks appearing in the major markets in Asia, with over 40 having launched to date. However, not all digital banks in Asia are created equal.

Online and Mobile Banking 134

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 134

PYMNTS

JUNE 19, 2019

That means there are all kinds of reasons to be dubious over Facebook’s plans, despite the 28 impressive names around the association table that have agreed, at least so far, to do nothing more than participate in shaping the operating rules of the network and currency itself.

Bitcoin 59

Bitcoin Cryptocurrency Digital Currency Privacy 59