Fintech News

MARCH 25, 2024

Specifically, in digital trade, the experiments proved the capability for interoperability among diverse digital networks, facilitating atomic trade payments. Tom Zschach “Swift is a community – a convener of and for our industry – and I’m delighted that we’ve been able to facilitate these critical innovation experiments.

CBDC 91

CBDC SWIFT Interoperability Settlement 91

Fintech News

JANUARY 15, 2024

Looking ahead, the Monetary Authority of Singapore (MAS) has introduced the SGQR+, an innovative concept aimed at revamping Singapore’s QR payments infrastructure for the future. Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants.,

Interoperability 93

Interoperability Cross-Border Payments Financial Inclusion 93

Fintech News

JANUARY 7, 2024

Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. This system is also supporting the country’s digital economy and connecting Indonesians across its large geographically dispersed set of islands.

Financial Inclusion 97

Financial Inclusion Innovation Payments NOV 97

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

PYMNTS

AUGUST 1, 2019

Such experiences require payments interoperability, which can be a significant challenge due to changing technologies and regulations. Many initiatives are currently underway around the globe to push such efforts along, meaning interoperability may not be as far off as once thought. What is payments interoperability?

Cross-Border Payments 43

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

Fintech Finance

SEPTEMBER 5, 2024

Stay tuned for more updates as Fidesmo continues to innovate and expand the availability of contactless services and interoperability with devices. This partnership underscores Fidesmo’s dedication to providing secure and scalable payment solutions and fostering a robust, interconnected ecosystem that benefits all stakeholders.

Contactless Payments 94

Contactless Payments Interoperability Payments Issuers 94

Fintech Review

SEPTEMBER 11, 2024

The Web3 Foundation , in partnership with Scytale Digital , has led the seed funding round for Hyperbridge , a groundbreaking protocol poised to transform blockchain interoperability. Unlike existing point-to-point bridge models, Hyperbridge introduces a hub model that scales verifiable interoperability across all chains.

Interoperability 52

Interoperability Blockchain Authentication Security 52

PYMNTS

DECEMBER 30, 2020

Corporate Spending Innovations (CSI) President David Disque , for instance, spoke with PYMNTS about the challenges organizations face regarding interconnectivity with their business partners, as well as the friction that exists in moving not only electronic money, but electronic data from one corporate to another. It's All About Timing.

B2B 119

B2B Payer Payments BNPL 119

The Fintech Times

JULY 17, 2024

Two firms combining forces to make this simple and more seamless are Global Digital Finance (GDF), the global members association and platform for open innovation in digital assets in financial services and the Global LEI Foundation (GLEIF), the global not-for-profit organisation.

Best Practices 87

Best Practices Interoperability Message Standards Legal 87

PYMNTS

OCTOBER 21, 2020

In an interview with Karen Webster, the European Banking Federation’s ( EBF ) Alexandra Maniati , Director of Cybersecurity & Innovation, said the European banking industry is, increasingly, embracing the cloud to pivot to new financial services and products across the Continent. Interoperability is Key — and so are Partnerships .

Interoperability 126

Interoperability Digital Currency Cross-Border Regulations 126

Fintech News

JUNE 12, 2024

The Bank for International Settlements (BIS) Innovation Hub ‘s Point Zero Forum 2023 roundtable brought together key stakeholders and leaders from both the public and private sectors to discuss opportunities and challenges in cross-border payments.

Cross-Border Payments 92

Cross-Border Payments Cross-Border Interoperability Payments 92

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

JUNE 24, 2024

We invested in Curve because of its innovative approach to consolidating multiple cards and accounts into a single digital wallet, offering seamless interoperability and enhanced user experience without requiring consumers to switch banks or change their behavior,” said Carlos Castellanos, investor at Samsung Next.

Mobile Payments 111

Mobile Payments Payments Interoperability Credit Cards 111

PYMNTS

MARCH 4, 2017

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

API 78

API Payment APIs and Integration Innovation Privacy 78

The Fintech Times

DECEMBER 15, 2023

Corda offers a permissioned ledger, asset modelling capabilities and a multi-party workflow engine in one interoperable and scalable distributed platform. The expansion demonstrates Emirates NBD’s continuing commitment to spearhead innovation in the financial sector. The Lab focuses purely on digital assets.

Multi-Currency 103

Multi-Currency Interoperability Innovation Regulations 103

Fintech News

SEPTEMBER 10, 2024

Their growing popularity has spurred continuous financial innovation, such as the rise of buy now, pay later (BNPL). In the region, several countries have introduced cross-border QR code payment linkage, creating a unique interoperable ecosystem within ASEAN.

Cross-Border Payments 95

Cross-Border Payments Cross-Border APACS Interoperability 95

PYMNTS

MARCH 4, 2017

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

API 76

API Payment APIs and Integration Innovation Privacy 76

Fintech News

JULY 9, 2024

The company plans to continue rolling out innovative commerce products in partnership with Pine Labs. The company also collaborates with DBS Bank, Google Pay, United Overseas Bank, and Singtel Dash as part of its loyalty program to enable interoperable payments.

Interoperability 74

Interoperability Payments Payments Institute Facilitators 74

The Payments Association

DECEMBER 11, 2024

2025 payment trends focus on digital wallets, instant payments, AI, fraud prevention, and consumer convenience, driven by evolving regulations and innovation. What was once cutting-edge has quickly become standard, and the pace of innovation shows no signs of slowing. Here are five key areas to watch closely in the year ahead.

Payments Trends 88

Payments Trends Fraud Prevention Instant Payments Payments 88

PYMNTS

OCTOBER 15, 2020

The real innovation cycle is where you layer on the program ability of money as a data type on the internet,” noted Allaire. Interoperability In Focus . There has to also be this continuity of transaction flow from a blockchain environment to a traditional payment environment,” added Scola. There need to be governance models.

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

Fintech Review

JULY 2, 2024

In 2024, advancements in RegTech are revolutionizing how firms manage regulatory requirements, leveraging innovations such as AI-driven monitoring and big data analytics to enhance efficiency and transparency. Looking ahead, the future of RegTech promises continued innovation and evolution.

Compliance 98

Compliance Regulatory Compliance AI Interoperability 98

PYMNTS

MAY 3, 2018

For many in the financial services world, though, implementing innovations is easier said than done. According to Bruce Parker, CEO of cloud-based payment utility Modo , the chief obstacles to implementing today’s innovations are those of yesterday. That’s where we come in.”. Making Old and New Work Hand-in-Hand.

API 74

API Payment APIs and Integration Interoperability Point-of-Sale (POS) 74

Fintech News

SEPTEMBER 3, 2024

The company also established the Wallet Interoperability Council with five other wallet providers. His strategic insights and deep-rooted experience in product innovation will prove to be vital as we continue to elevate our offerings and deliver unparalleled value to our customers.”

Product 83

Product Interoperability SWIFT Innovation 83

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. On-Demand Insurance Another innovation is on-demand insurance, which allows customers to purchase coverage when needed.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Fintech Finance

OCTOBER 28, 2024

With Thunes’ Pay-to-Card solution, Thunes continues to revolutionize the payment landscape by offering Members unparalleled access to diverse financial ecosystems, breaking the barriers of payments interoperability for real-time global money movement.

Cross-Border Payments 80

Cross-Border Payments Cross-Border Visa Interoperability 80

Fintech News

AUGUST 21, 2024

How Tech and Consumer Preferences are Driving Digital Payment Adoption in Asia One of the primary catalysts driving this transformation is the pervasive influence of technological innovation. Nevertheless, this is still a payment trend to watch, as it continues to gain traction and adoption in the APAC region over the years.

Payments Trends 98

Payments Trends Digital Payments Payments Instant Payments 98

Fintech Finance

APRIL 25, 2024

Our strategy is to listen carefully to the needs of the most sophisticated and innovative businesses in the world. Fighting fraud with AI Online fraud continues to rise across the internet, up 11% in 2023 alone. We count on Stripe for scaling our business so we can focus on innovating and serving our customers.

Interoperability 52

Interoperability AI Payment APIs and Integration Fraud Prevention 52

Fintech News

MAY 8, 2024

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). To address these objectives, the BOT conducted the pilot test within a confined environment, divided into the Foundation Track and the Innovation Track.

CBDC 103

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 103

PYMNTS

JUNE 24, 2020

The partnership is “the next step toward the development of sustainable and scalable interoperable payment options,” said Ambar Sur , founder and CEO of the global payments infrastructure company. Global m/eCommerce continues to evolve and is expected to reach $4,574 billion by 2023,” according to Allied Market Research.

Interoperability 97

Interoperability Payments Financial Inclusion FinTech 97

The Fintech Times

MARCH 26, 2024

Ray Merceron, general manager of sales, LAC region at i2c i2c’s mission is to responsibly help our clients remove barriers to innovation. The paytech scene in Latin America is indeed burgeoning with innovation and growth. Boosting Profits and Mitigating Risks: Innovation is at the forefront of our strategy.

Innovation 59

Innovation Alternative Payment Methods Payments SWIFT 59

PYMNTS

AUGUST 31, 2017

With initiatives like the Faster Payments Task Force and the Secure Payments Task Force, the Fed is pushing for innovation and progress in the nation’s payments infrastructure and market. Sapenaro said B2B payments, too, are finally experiencing innovation and progress, but it still has a long way to go.

Federal Reserve 64

Federal Reserve Innovation Secure Payments Task Force Faster Payments 64

PYMNTS

NOVEMBER 27, 2019

That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same. A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin. The Community Approach to Ubiquity.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

Fintech Finance

JULY 24, 2024

With experience and focus on innovative payment services across Real-Time Payments (RTP® and FedNow®), ACH, card solutions and alternative payment rails, Carl is well-positioned to support the FPC’s continued growth and innovation in faster payments.

Faster Payments 89

Faster Payments FPC FedNow RTP 89

Fintech News

AUGUST 7, 2024

Valenbreder expressed confidence in the company’s progress, stating, “We are building strong connections with leading financial institutions and partners, enhancing our network’s depth and interoperability.”

Liquidity Management 89

Liquidity Management Interoperability Blockchain FinTech 89

Fintech Finance

SEPTEMBER 27, 2024

This involves enhancing accessibility, affordability, connectivity with domestic and international payment networks in the times to come and ensuring interoperability. We extend sincere thanks to the Central Bank of Trinidad and Tobago which continues to be a strategic partner and stakeholder in this important initiative.

Real Time Payments 98

Real Time Payments Financial Inclusion Central Bank International Payments 98

PYMNTS

NOVEMBER 16, 2020

In addition, the review will let the Eurosystem address the issues and learn from them, looking into the "robustness" of the model for business continuity, the adequacy of regular recovery tests and the efficiency of managing change and the communication protocols, according to the release.

Central Bank 86

Central Bank Interoperability Cybersecurity Settlement 86

Fintech Finance

OCTOBER 15, 2024

RoPay is available 24/7, including weekends and public holidays, ensuring continuous access to funds for all users. RoPay is an alternative to cash or card payments, keeping up with technological innovations, allowing the end consumer to choose their preferred payment method.

Instant Payments 98

Instant Payments Online and Mobile Banking Processors Payments 98