Fintech News

DECEMBER 11, 2023

The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies. The indirect model featured an on-chain DLT-based solution developed by UDPN engineers.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 106

PYMNTS

DECEMBER 22, 2020

The digital currency in trial is supported by distributed ledger technology (DLT), and the two-part experiments also aim to examine the use cases of a DLT-enabled currency. Any bank can participate in the digital currency initiative, Ledger Insights reported.

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Distributed Ledger Technology (DLT) CBDC Digital Currency Bitcoin 69

Neopay

MAY 28, 2024

Participants discussed operational resilience and agreed to explore ways to strengthen cooperation between their respective evolving oversight regimes for critical third party (CTP) service providers to the financial sector. The EU and the UK provided views and updates on recent developments in digital innovation in the financial sector.

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Distributed Ledger Technology (DLT) Money Laundering AML AI 52

PYMNTS

APRIL 5, 2019

Blockchain startups are also participating, such as ethereum development studio ConsenSys AG, blockchain tech firm Bitfury, blockchain firm R3, crypto hardware wallet maker Ledger and crypto protocol developer IOTA. Other members include banks such as Barclays and BBVA, consultancy firm Accenture and French beauty company L’Oreal.

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Distributed Ledger Technology (DLT) SWIFT Blockchain Cross-Border 75

The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. It has now completed its first experiment using DLT, giving the monetary authority a glimpse into the potential merits of the tech.

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Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

PYMNTS

SEPTEMBER 26, 2018

. “Building on the enterprise blockchain technology, Visa B2B Connect is a new transaction platform designed for the exchange of high-value international payments between participating banks on behalf of their corporate clients. “We think we can accelerate that as an integrated solution.” ”

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Distributed Ledger Technology (DLT) B2B Cross-Border Payments Cross-Border 65

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. Work remains to be done to determine how it can be set up to maximize the benefits for the whole financial system.”.

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Distributed Ledger Technology (DLT) Stablecoins Bitcoin Blockchain 76

Fintech News

FEBRUARY 14, 2024

Key technologies The report names technology as a fundamental driver of trade finance digitalization, highlighting application programming interfaces (APIs), optical character recognition (OCR) and distributed ledger technology (DLT) among the most promising innovations in trade finance.

Finance 117

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 117

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.” .

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

CB Insights

DECEMBER 17, 2020

Distributed ledger technology (DLT) like blockchain could help streamline the creation of securities by offering a shared source of truth to all participants, removing the need for extra layers of oversight. Phone number.

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Distributed Ledger Technology (DLT) Blockchain Legal Participant 76

PYMNTS

NOVEMBER 6, 2019

Billon , which created the first enterprise distributed ledger technology (DLT) system, announced that it is one of six companies that have been selected to participate in the Elevator Lab Partnership Program. It was chosen from a group of over 280 applications.

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Distributed Ledger Technology (DLT) Stablecoins Blockchain Bitcoin 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.

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Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

PYMNTS

OCTOBER 29, 2019

China’s Tencent will take the lead in helping the global blockchain industry standardize invoices sent on distributed ledger technology (DLT), China’s Global Times reported on Tuesday (Oct. According to reports, a recent report by asset management firm Guosheng Securities found that “as of Aug.

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Distributed Ledger Technology (DLT) Blockchain Participant Regulations 40

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

PYMNTS

OCTOBER 26, 2017

According to reports, plans to link those two platforms are part of larger efforts by the authorities to collaborate on distributed ledger technology (DLT) and FinTech projects. The HKMA is now looking to work with a developer to develop the platform, reports said.

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Distributed Ledger Technology (DLT) Blockchain Cross-Border Authorization 43

PYMNTS

JULY 30, 2018

IBM and CLS, a market infrastructure group delivering settlement, processing and data solutions, announced on Monday (July 30) a collaboration on a proof of concept (PoC) for LedgerConnect, a distributed ledger technology (DLT) platform for the financial services industry.

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Distributed Ledger Technology (DLT) Blockchain Value Added Service Reconciliation 40

PYMNTS

NOVEMBER 4, 2018

And New Zealand private bank ASB has launched a shipment of meat from its home country to South Korea through the use of distributed ledger technology (DLT). The firm added that it will focus next on completing a trade via airfreight, with participants announced in coming weeks. “Israelis are less than 0.1

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Distributed Ledger Technology (DLT) Bitcoin Blockchain Issuers 55

PYMNTS

NOVEMBER 14, 2019

And HSBC Singapore announced that it is partnering with Singapore Exchange (“ SGX ”) and Temasek on a pilot to explore the use of distributed ledger technology (DLT) for the issuance and servicing of fixed income securities.

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Distributed Ledger Technology (DLT) Void Security Legal 40

PYMNTS

JUNE 13, 2019

For blockchain technology, the crux of many of its purported benefits for the enterprise is its decentralized nature, which, proponents of distributed ledger technology (DLT) have said, promotes visibility and makes it more difficult for data to be manipulated.

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Blockchain Distributed Ledger Technology (DLT) Participant Use Case 73

The Fintech Times

JANUARY 25, 2024

Led by Canapi Ventures, the Series A also had participation from Andreessen Horowitz, Remarkable Ventures and banks Huntington National Bank, First Horizon and Regions. This round adds to a $4.5million seed round led by Andreessen Horowitz. Karimson joins R3 following leadership roles at CME Group, BrokerTec and LedgerEdge.

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Distributed Ledger Technology (DLT) FinTech RTP Multi-Currency 59

PYMNTS

FEBRUARY 20, 2019

The announcement comes in the wake of 15 banks’ participation in the Marco Polo consortium, with a roster that includes ING , BNP Paribas and Thailand’s largest bank, Bangkok Bank. “[The] PoC was conducted between SMBC and Mitsui & Co. SMBC said it will seek to commercialize Marco Polo through the first half of the financial year.

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Distributed Ledger Technology (DLT) Finance Blockchain Wire Transfer 64

The Fintech Times

MAY 16, 2024

This round was led by BECO Capital and Middle East Venture Partners (MEVP), with participation also from existing investors Vivium Holding, Jabbar Group and Signature Developers. It will use the investment to bring leading industry experts to support international expansion and product development.

FinTech 64

FinTech Distributed Ledger Technology (DLT) Embedded Finance Cross-Border 64

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.

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FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 111

Global Fintech & Digital Assets

NOVEMBER 16, 2023

The Regulations lay down key rules regarding a new type of foundation, based on distributed ledger technology (DLT). DLT foundations are defined in Section 3 as foundations established for the use, deployment, development, facilitation, or support of DLT or the issuance of tokens (as defined below).

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Regulations Technology Distributed Ledger Technology (DLT) Audit 52

CB Insights

AUGUST 23, 2018

HSBC, Standard Chartered, and others belong to a range of consortia that have had successful pilots using distributed ledger technologies (DLT) to process live trade finance transactions. Benefits of distributed ledger technologies (DLT) . Live briefing: Consumer Banks in The Digital Age.

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Distributed Ledger Technology (DLT) Blockchain Finance Cross-Border 63

PYMNTS

AUGUST 2, 2018

Reports came this week that the much-touted distributed ledger technology (DLT) may be less savior for all manner of problems across the business landscape than thought. Amid the early participants, which give access to seven blockchain vendors, are Citi and Barclays. Blockchain, blockchain everywhere.

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Blockchain Distributed Ledger Technology (DLT) Cross-Border Settlement 44

PYMNTS

SEPTEMBER 20, 2018

.” At the same time, the financial services market is significantly ahead of other markets — including manufacturing, government and healthcare — when it comes to their exploration and use of distributed ledger technology (DLT).

Blockchain 75

Blockchain Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 75

PYMNTS

AUGUST 1, 2018

As the financial publication reported, “the expectation was we’d quickly find use cases,” explained Magnus Haglind, Nasdaq ’s senior vice president and head of Product Management for Market Technology. But introducing new technologies requires broad collaboration with industry participants, and it all takes time.”.

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Blockchain Blocks Distributed Ledger Technology (DLT) Use Case 40

PYMNTS

OCTOBER 1, 2018

When it comes to supply chains, proponents say blockchain — specifically, distributed ledger technology (DLT) — holds promise. EmTech announced this week that it is introducing identity and biometric hashing technology into KYC processes across all its platforms. How It Works.

Blockchain 73

Blockchain Distributed Ledger Technology (DLT) Cross-Border Wire Transfer 73

PYMNTS

FEBRUARY 11, 2020

Of course, participants in the global trading ecosystem won’t simply take each other’s’ word for it. “In such a system, there is no need to ‘trust’ other people, because all participants are able to keep one another honest,” he said. But blockchain goes further, said Tarone. ”

Finance 53

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

PYMNTS

MAY 15, 2019

In this environment, blockchain has surfaced as a technology heralded by many as the disruptive force that can address some of the modern threats to supply chains, from cyberattacks to vendor risks. One of the biggest selling points of distributed ledger technology (DLT) is its ability to preserve the integrity of data.

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Distributed Ledger Technology (DLT) Blockchain Addressing Disputes 66

PYMNTS

JULY 5, 2018

That includes a new Know Your Customer (KYC) application for banks, as well as Hong Kong’s latest cross-border trade finance initiative using distributed ledger technology (DLT). And, indeed, this week’s Blockchain Tracker continues its coverage of ongoing tests and trails of blockchain solutions.

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Blockchain Distributed Ledger Technology (DLT) Cross-Border Finance 47

PYMNTS

AUGUST 29, 2018

PwC writes in its “Global Blockchain Survey 2018” that responses from 600 executives across 15 territories are embracing distributed ledger technology (DLT) with enthusiasm. Of those queried, as many as 84 percent of firms are involved with DLT. Companies have dabbled in the lab,” wrote PwC.

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Blockchain Distributed Ledger Technology (DLT) Financial Inclusion Interoperability 40

Global Fintech & Digital Assets

NOVEMBER 7, 2023

The circulars indeed reflect this gradual, incremental approach rather than a big-bang moment of regulatory change, and we expect market participants to welcome the SFC’s new guidance as some of them consider exploring tokenised products and services.

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Distributed Ledger Technology (DLT) Security Settlement Risk 52

PYMNTS

NOVEMBER 22, 2017

The nation’s excitement over distributed ledger technology (DLT) cannot be ignored. According to reports in the Business Times , Singapore’s central bank participated in a three-hour-long meeting late last week with Hong Kong to discuss the initiative, which has a lot of concerns to consider before the rollout.

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

PYMNTS

OCTOBER 24, 2019

Fewer than one-quarter (22 percent) stated they will participate in real-time payments within the next year. Cross-border payments can be streamlined and sped up by leveraging modern tools like distributed ledger technology (DLT), which can complete transactions within minutes.

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Cross-Border Payments Cross-Border B2B FedNow 42

PYMNTS

OCTOBER 22, 2019

Distributed ledger technologies (DLT) have also been considered for facilitating both P2P remittances and B2B cross-border payments. Global financial companies like Circle provide zero-fee remittances via DLT, and Ripple began piloting xRapid for U.S. Other players are jumping into the space, with J.P.

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Cross-Border Payments Cross-Border P2P B2B 41