Fintech Finance

DECEMBER 3, 2024

Pix, Brazil’s instant payment system developed and managed by the Central Bank, has changed how transactions are made in the country. With over 170 million users and 90% of Brazil’s adult population using the system, Pix is now integral to payment processing for businesses across sectors.

Regulations 98

Regulations Account Validation Compliance Automation 98

PYMNTS

JANUARY 28, 2021

Yet for finance leaders of the enterprise, adoption of digital assets poses plenty of risks and challenges, not least of all the inability for their current treasury infrastructures to manage crypto in an integrated and compliant way. But it may not be smooth sailing ahead. We’re not just talking about the digitization of fiat,” he said. “As

Treasury 84

Treasury Cross-Border Cross-Border Payments Interoperability 84

PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In response to Mnuchin’s comments, Facebook told CNBC that “they anticipated critical feedback from regulators, central banks, lawmakers around the world.”

Treasury 75

Treasury Security Money Laundering Cryptocurrency 75

PYMNTS

MAY 17, 2018

According to a press release Wednesday (May 16), the European Central Bank (ECB), based in Germany, has chosen OpenLink to provide treasury and risk management technology to manage its euro-dominated investment portfolio, foreign reserves and other asset purchase programs.

Treasury Management 43

Treasury Management Central Bank Treasury Due Diligence 43

Fintech Finance

APRIL 2, 2025

ION Treasury , a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, announces the launch of its Enterprise Payment Hub , a new solution, to centralize, automate, and secure payment processing.

Treasury 64

Treasury Process Payment APIs and Integration Payments 64

The Paypers

FEBRUARY 8, 2023

The Bank of England and HM Treasury have published a new paper that explores the introduction of a central bank digital currency.

Treasury 69

Treasury CBDC Digital Currency Central Bank 69

PYMNTS

JUNE 2, 2016

The European Central Bank (ECB) needs a treasury management upgrade. Reports on Wednesday (June 1) said the ECB has issued a tender for a new TMS that offers real-time position-keeping, a move the bank described as “mission critical.” The contract would last eight years, reports said.

Treasury Management 40

Treasury Management Central Bank Treasury Database 40

PYMNTS

DECEMBER 29, 2020

The Central Bank of Kenya (CBK) is promoting the use of cashless transactions and is asking the providers of digital financial services to work together and encourage adoption. The central goals include open infrastructure, consumer protection, regulation and more. The public is invited to comment on the report through Jan.

Central Bank 64

Central Bank Transactions P2P Interoperability 64

PYMNTS

DECEMBER 10, 2019

Policymakers at the European Central Bank (ECB) will meet in Frankfurt on Wednesday (Dec. Lagarde has vocalized that she favors central banks releasing electronic money. Bank of England Governor Mark Carney has even implied that an international central bank coin could supersede the U.S.

Central Bank 54

Central Bank Digital Currency Federal Reserve Fed 54

PYMNTS

SEPTEMBER 15, 2020

In other news, European Central Bank (ECB) policy makers received a present of the globe’s first so-called “collectible digital coin” by email, Bloomberg reported. Vitas Vasiliauskas , the governor of Lithuania’s central bank, told Bloomberg, “I’m curious how popular this is going to be among Governing Council members.”.

Bitcoin 95

Bitcoin Central Bank Scams Treasury 95

PYMNTS

FEBRUARY 13, 2020

Financial services firm ION is introducing the industry’s first treasury management solution for cash forecasting, powered by machine learning, the company announced on Thursday (Feb. Developing solutions are on tap to lower costs related to the implementation and time-to-market of a treasury management system (TMS).

Treasury 56

Treasury AI Treasury Management Cash Management 56

The Fintech Times

FEBRUARY 5, 2025

Pix, managed by the Central Bank of Brazil , has had a huge impact on digital transactions across the country, with over 170 million users and 90 per cent of Brazils adult population relying on the system. .” It also enables deposit verification, ensuring player accounts are active and valid for transactions.

Compliance 59

Compliance Automation Rules Central Bank 59

PYMNTS

MARCH 30, 2020

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15.

CBDC 98

CBDC Interbank Settlement Digital Currency Central Bank 98

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. With the treasury market for S&P 500 companies valued at $2.3

Treasury 129

Treasury Cryptocurrency Stablecoins Fincen 129

The Fintech Times

APRIL 17, 2025

“Fnalitys Earmarking feature is a landmark achievement, bringing smart contracts and programmability to payments in a digital representation of central bank money for the first time,” explained Michelle Neal , CEO at Fnality International.

Central Bank 45

Central Bank Transactions Settlement Interoperability 45

The Fintech Times

SEPTEMBER 20, 2024

One of the biggest challenges central bank digital currencies (CBDCs) have faced in their development is who will actually use them. A new report from the Reserve Bank of Australia (RBA) supports this as it reveals public interest in a retail CBDC has yet to emerge in the country.

Treasury 59

Treasury CBDC Assessments Digital Currency 59

PYMNTS

MAY 22, 2020

The European Central Bank (ECB) is using its real-time payments network, TARGET Instant Payment Settlement (TIPS), as an infrastructural foundation to expand its real-time payments capacity and also bring together the region’s broader payments ecosystem,” the Tracker states. Problem No.

Faster Payments 137

Faster Payments Real Time Payments Cross-Border Payments 137

PYMNTS

OCTOBER 13, 2020

banking license, and a central bank digital currency would exist alongside cash. Revolut Eyes US Bank Charter. London-based digital bank Revolut, the continent's largest such institution with 13 million users, is close to applying for a U.S. banking license. with interstate agreements.

Central Bank 52

Central Bank Digital Currency Treasury Payments 52

PYMNTS

JUNE 24, 2020

billion that Wirecard said it deposited in two of the island nation’s banks, Reuters reported. Justice Secretary Menardo Guevarra said Wednesday (June 24) he told state investigators to coordinate with Bangko Sentral ng Pilipinas , the Philippines central bank, on the inquiry. Wirecard’s stock continues to tumble.

Central Bank 130

Central Bank Treasury Processors Returns 130

PYMNTS

DECEMBER 10, 2019

The FIs can use the solution to provide bank guarantees in markets in which they do not have a physical presence. Banks are also turning to APIs to support their regulatory work. The API system enables FIs to quickly and securely provide necessary data, saving time for all parties.

Treasury 52

Treasury API B2B Faster Payments 52

Fintech News

JULY 17, 2024

Digital banks have been advocating for higher deposit limits to enhance their lending capabilities. The bank’s reserves with the central bank grew to S$62.7 million, including S$800 million in Singapore government securities and treasury bills. million from S$817,000 a year earlier. million.

Caps 109

Caps Central Bank Authorization Advisors 109

The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.

Interbank Settlement 134

Interbank Settlement CBDC Settlement Use Case 134

The Fintech Times

NOVEMBER 6, 2024

Ant International is also working with StraitsX to enable the efficiency and interoperability of payments made via PBM through the Whale platform, Ant International’s treasury management solution.

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

PYMNTS

MAY 29, 2019

The Treasury Department announced Wednesday (May 29) in a report to Congress that of the 21 major U.S. Reuters, citing the semi-annual report, reported that the Treasury Department added Ireland, Italy, Malaysia, Singapore and Vietnam to a watch list that already includes China, Germany, Japan and South Korea. trade deficit.

Treasury 75

Treasury Assessments Central Bank Accounts 75

PYMNTS

SEPTEMBER 15, 2020

First Horizon Mixes Rails for Faster Treasury Payments. Using infrastructure developed by Visa within its Visa Direct service, Interchecks is leveraging its own platform to facilitate real-time transactions for corporate clients of First Horizon's treasury management solutions. Mastercard Leads Central Bank Digital Currency Test.

RTP 105

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

PYMNTS

APRIL 24, 2020

Treasury ordered public companies to return Paycheck Protection Program (PPP) loans. The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital yuan with 19 local businesses, including the U.S. Treasury Directs Public Firms To Return Small Business PPP Money. chains Starbucks, Subway and McDonald’s.

Treasury 58

Treasury Returns Credit Union Digital Currency 58

Fintech News

JANUARY 14, 2024

The Bank for International Settlements (BIS) has announced the appointment of Luis Bengoechea as the new Head of its Banking Department and Hyun Song Shin as the upcoming Head of the Monetary and Economic Department (MED). Zoellner has led the department since 2013 and is set to retire at the end of May this year.

Settlement 109

Settlement Central Bank Treasury Research 109

PYMNTS

APRIL 13, 2020

A Treasury-issued digital dollar would be inherently different than, say, the Libra project, which debuted last summer as a consortium backed by a number of companies (with Facebook the presumptive face of the digital currency) which in turn would have been backed by a basket of currencies across the globe.

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Fed Federal Reserve Accounts Direct Deposit 99

The Fintech Times

DECEMBER 28, 2024

. “We are starting to see central banks around the world forming at least some allegiances and alliances, as they try to build that direct connectivity to make it easier for fintechs to operate across markets, but also to move money between markets.

FinTech 59

FinTech Stablecoins Central Bank Use Case 59

PYMNTS

APRIL 30, 2020

Treasury will allow two financial technology companies to issue prepaid Visa cards loaded with coronavirus stimulus payments. Treasury Secretary Steven Mnuchin had said a more efficient distribution of government funds would be achieved through digital delivery and prepaid card providers.

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IRS Request for Comment Treasury Push-to-Card 74

Fintech News

MAY 8, 2024

The dialogue was co-chaired by Leong Sing Chiong, Deputy Managing Director of MAS, and Gwyneth Nurse, Director General of Financial Services at HM Treasury, with participation from senior officials from both nations. The post UK and Singapore Discuss Green Finance Gaps, Digital Asset Regulation appeared first on Fintech Singapore.

Finance 113

Finance Regulations Cross-Border Payments Cross-Border 113

Nanonets

APRIL 7, 2023

Cash management, or effective treasury management, can often be the deciding factor for the success or failure of tech startups. To operate safely and efficiently in every stage of growth, companies need the right mix of liquidity options and a range of treasury management products and services.

Treasury Management 98

Treasury Management Treasury Due Diligence Wire Transfer 98

PYMNTS

FEBRUARY 5, 2020

In today’s top payments news, former Bank of France Governor Christian Noyer said a centralized, global eCurrency is still at least a decade away, the U.S. Former BoF Gov: Central Bank Coin Currency At Least A Decade Away. economy could lose $10.3

Central Bank 52

Central Bank Economy API Liquidity Management 52

PYMNTS

MARCH 6, 2020

We have deep dives into treasury application programming interfaces (APIs) and buy now, pay later (BNPL), as well as a report on Robinhood ’s trading app outage that occurred earlier this week. HSBC on the Next Phase of Treasury APIs (B2B API Tracker). Trackers and Reports. In a feature story, Diane S.

Treasury 52

Treasury BNPL API Payment APIs and Integration 52

The Paypers

APRIL 19, 2021

The Bank of England and HM Treasury have announced the creation of a taskforce to explore central bank digital currencies (CBDC).

CBDC 34

CBDC Treasury Digital Currency Central Bank 34

PYMNTS

NOVEMBER 8, 2018

Treasury Secretary Steven Mnuchin had said that sanctions in turn might be served on SWIFT itself if it worked with the roughly 50 banks that had been listed as under sanction. SWIFT, as has been widely reported, facilitates cross-border transactions tied to more than 11,000 banks around the globe. Central Banks, Eyeing Cash.

SWIFT 81

SWIFT Central Bank Cross-Border Real Time Payments 81

The Paypers

SEPTEMBER 30, 2021

The Bank of England and the UK Treasury department have announced that PayPal , Amazon , and Visa will be among the corporate representatives participating in two advisory groups that are exploring a possible Central Bank Digital Currency.

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PayPal CBDC Digital Currency Central Bank 60