Fintech News

MARCH 25, 2024

Swift, the global financial messaging cooperative, revealed that the latest round of experiments conducted within a collaborative Central Bank Digital Currency (CBDC) sandbox has shown promising results for the application of CBDCs and digital tokens.

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CBDC SWIFT Interoperability Settlement 105

Fintech Finance

MARCH 26, 2024

Interoperability is critical to Swift’s strategy for instant and frictionless transactions. Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies. More than 750 transactions were carried out over the course of the experiments.

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Cross-Border Use Case SWIFT CBDC 52

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis.

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Central Bank Digital Currency CBDC Federal Reserve 57

Clearly Payments

JANUARY 4, 2024

As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency. Faster Settlements: Cryptocurrency transactions are typically faster than traditional banking transactions, providing merchants with quicker access to funds. What are Stablecoins?

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Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

The Fintech Times

APRIL 17, 2024

The project The project harnesses R3’s expertise in delivering sophisticated projects tailored for regulated markets, leveraging its pivotal shared ledger functionality through Corda, alongside its Digital Currency solution from the newly introduced R3 Digital Markets product suite.

Payment APIs and Integration 137

Payment APIs and Integration Blockchain Finance Digital Payments 137

Fintech News

MAY 21, 2024

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). Moreover, tokenised securities offer the potential for shorter settlement periods.

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Settlement Cryptocurrency Blockchain Digital Currency 138

The Fintech Times

JANUARY 24, 2024

Digital assets and digital currencies continue to grow in popularity and demand. The latest way in which it aims to do this is with the launch of R3 Digital Markets. R3 Digital Markets, powered by R3’s Corda , the regulatory-compliant tokenisation platform, is a solution built to connect financial markets.

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Distributed Ledger Technology (DLT) Product Digital Currency Interoperability 64

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. A press release issued on Thursday (Oct. ”

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

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. This allows it to serve as a testbed for additional technology solutions and interoperability with other platforms.

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

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). The project evolved, incorporating enhanced functionalities, cross-border fund transfers, and a Corporate CBDC Pilot Program.

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CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 120

The Fintech Times

APRIL 4, 2024

Paymentology , a global issuer-processor, has partnered with Rain , a corporate spend management platform, to accelerate the digital asset business market in the Caribbean and Latin America. Together, Paymentology and Rain have launched a new payment solution that allows companies to instantly spend their digital assets.

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Payment APIs and Integration Interoperability Issuers Digital Currency 59

The Fintech Times

DECEMBER 15, 2023

Today our selection of leaders discuss the evolving payment landscape in 2024, touching on trends like convergence of personal and corporate payments, real-time cross-border payments, interoperability’s influence, and the significance of orchestration in streamlining payments in the travel sector.

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Cross-Border Cross-Border Payments Interoperability Payments 59

PYMNTS

JANUARY 26, 2020

Villeroy said the plans were not because of Facebook’s Libra, but because of the speed of technology and the desire for digital currency by some banks. The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.

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Central Bank CBDC Digital Currency Cross-Border 100

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept. Interoperability Is Key.

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CBDC Fed Federal Reserve ISO 20022 107

PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific.

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Instant Payments Fed FedNow Interbank Settlement 75

Fintech News

JUNE 19, 2024

Be it central bank digital currencies (CBDCs), a tokenised digital Singapore Dollar, or various initiatives backed by governmental regulators, stablecoins are one of the more pivotal developments in the world of cryptocurrencies and blockchain technology.

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Stablecoins Cross-Border Cross-Border Payments Blockchain 107

Faster Payments Council

FEBRUARY 6, 2022

It also identified interoperability approaches, along with associated settlement schemes that are necessary to create a world-class cross-border payment system. A number of U.S.

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Faster Payments Cross-Border Payments Cross-Border FPC 68

PYMNTS

MARCH 15, 2019

The digital currency is currently used by the R3 Corda platform in its settlement process to facilitate movement of money across borders. Reports mused that R3’s appointment may give a boost to Ripple , which is working with the R3 Consortium to expand use of its XRP cryptocurrency.

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Finance Visa Blockchain Interoperability 76

PYMNTS

MAY 11, 2020

Speaking at a virtual conference about the future of money, European Central Bank (ECB) executive board member Yves Mersch said a retail central bank digital currency (CBDC) is a game-changer. “A He referenced a survey by the Bank for International Settlements that showed 80 percent of the 66 central banks polled are working on CBDCs.

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CBDC Central Bank Digital Currency Cross-Border 52

PYMNTS

AUGUST 3, 2020

One of the biggest disruptions of the payments ecosystem as a result of the growing traction of digital assets and the ubiquity of real-time settlement will be felt by corporate treasurers, Long predicted. “This is not a short-term prospect,” said Long. “But having an alternative is important.

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Real Time Payments Office of the Comptroller of the Currency Settlement Treasury 117

PYMNTS

FEBRUARY 3, 2020

The creation of a “single European data space, a genuine single market for data” would include new rules governing cross-border use and data interoperability, among other tenets. Digital Currencies, Too. Separately, the movement by at least some central governments to embrace digital currencies continues.

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Consumer Financial Protection Bureau (CFPB) CFPB Digital Currency Central Bank 52

Faster Payments Council

SEPTEMBER 12, 2022

The panel will discuss issues such as security, governance, and interoperability as well as concerns that the U.S. In this session, FPC QR Code work group leaders address the call to action for payment industry standards needed for universal acceptance and interoperability of QR codes.

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FPC Federal Reserve Cross-Border Payments Faster Payments 88

PYMNTS

NOVEMBER 3, 2020

Digital currencies loom, too, as stated by Jeremy Allaire , CEO at Circle. Paul Sheard, senior fellow at Harvard’s Kennedy School, told Karen Webster that there will be more innovation taking place at the central bank surrounding digital currencies, in tandem with private-sector players. That’s where the market’s going.

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Checks B2B Payments Payment APIs and Integration 82

The Fintech Times

FEBRUARY 27, 2024

Having looked at some of the biggest technologies to impact the payments world, like buy now pay later (BNPL) and central bank digital currencies (CBDCs) , we now look to the future and what the next trend may be. For businesses, A2A payments promise higher conversion rates, reduced transaction costs, and real-time settlement.

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Consumer Protection Stablecoins Payments Trends Consumer 69

PYMNTS

JULY 24, 2017

Soon, firms began popping up all over the country, filling in the pieces of the ubiquity puzzle essential for an interoperable network to operate at scale. For years, the Fed’s payments folks have been wracking their brains to figure out a way to remain relevant in a digital payments world in which it was becoming increasingly less so.

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Fed Faster Payments Ubiquitous Same Day ACH 47

Fintech News

APRIL 10, 2024

The Bank for International Settlements (BIS) has released a report, “Stablecoins: Regulatory Responses to Their Promise of Stability,” analysing the regulatory environments for stablecoins across seven distinct jurisdictions.

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Stablecoins Regulations Risk Mitigation Digital Currency 121

Fintech News

DECEMBER 20, 2023

Developments include cross-border quick response (QR) payment linkages, connectivity between real-time national payment schemes, and the ongoing Singapore Response Code Scheme (SGQR+) project focusing on furthering QR code payment interoperability.

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FinTech Cross-Border CBDC Central Bank 101

PYMNTS

NOVEMBER 2, 2020

Tech-driven Interoperability and collaboration will finally bring trillions of dollars into the digital age, Kevin Phalen , head of global business solutions at Visa , told Karen Webster in a recent interview. Interoperability will get a boost with messaging standards such as ISO 20022. Delving Into Digital Currencies.

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B2B Cross-Border Digital Currency Multi-Currency 119

PYMNTS

DECEMBER 18, 2019

MUFG’s Unconfirmed Digital Currency. Reports in The Japan News said that MUFG and Recruit are collaborating on a possible digital currency with the potential to facilitate B2B payments, and with plans to launch their joint venture in the first half of next year. MoolahGo Explores The Interoperability Challenge.

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PYMNTS

AUGUST 30, 2018

The company was recently certified by the Eurosystem, enabling the company to provide access to the monetary authority’s TARGET Instant Payment Settlement ( TIPS ) platform and RT1, the instant payment service offered by EBA Clearing. Meanwhile, emerging FinTech players are creating increased competition for SWIFT. And Ripple isn’t alone.

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Cross-Border Cross-Border Payments Same Day ACH Instant Payments 40

CB Insights

MAY 8, 2018

Launched in 2016, the NFF helps clients integrate business processes, like clearance and settlement, with new technologies. In the meantime, as consortia bolster their ranks and explore use cases, they should also focus on interoperability. Instead, it mentioned it more often alongside its new product, Nasdaq Financial Framework (NFF).

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Blockchain Technology Cryptocurrency Use Case 75

PYMNTS

SEPTEMBER 8, 2020

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system. “To

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Digital Currency Central Bank CBDC Instant Payments 87

PYMNTS

OCTOBER 1, 2018

31, 2018, will mark the 10th anniversary of the day that a link to a paper , authored by Satoshi Nakamoto , describing the digital currency called bitcoin was first publicly circulated. No one will argue that things could be more efficient, that networks could be more interoperable or that standards should be more consistent globally.

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Bitcoin Blockchain Cryptocurrency Innovation 85