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 PoC explored two models. Globally, over 130 countries are exploring, developing, or have launched CBDCs.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 97

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. ”

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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. The platform now invites further international participation and private sector proposals for value-added solutions.

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

PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo!

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Central Bank Digital Currency Distributed Ledger Technology (DLT) CBDC 94

PYMNTS

OCTOBER 11, 2018

Poland, Brazil and Spain — and is looking to bring Ripple on as a preferred settlement choice. The blockchain had been designed on the distributed ledger technology (DLT) via R3 ’s Corda offering. The executive added that OnePay FX might see adoption in places like Japan, where XRP has been gaining traction.

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Settlement Distributed Ledger Technology (DLT) Cross-Border Payment APIs and Integration 77

The Fintech Times

JANUARY 24, 2024

As regulations evolve to meet this demand, firms like R3 , the distributed ledger technology (DLT) and services provider, are looking to make adoption as seamless as possible. Digital assets and digital currencies continue to grow in popularity and demand.

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Distributed Ledger Technology (DLT) Product Digital Currency Interoperability 64

PYMNTS

NOVEMBER 26, 2019

Last month , SAP announced it was 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.

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Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement Blockchain 60

PYMNTS

JANUARY 30, 2019

The proof of concept is designed to “bring the benefits of gpi payments’ speed, ubiquity and certainty to distributed ledger technology (DLT)-enabled trade.”

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SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 60

PYMNTS

NOVEMBER 2, 2020

Their research will begin with a proof-of-concept for a CBDC operated on distributed ledger technology (DLT) to test the proposed coins’ use cases in payment settlements, the release stated.

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CBDC Distributed Ledger Technology (DLT) Visa AML 64

CB Insights

OCTOBER 29, 2020

But a growing number of companies want to employ distributed ledger technology (DLT) — which uses tech like blockchain to offer a simpler, streamlined way to verify transactions — to upend this status quo. One such company is Paxos, which offers custody, payment, and clearing & settlement services. First name.

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Real Time Gross Settlement (RTGS) Blockchain Distributed Ledger Technology (DLT) Money Laundering 101

CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees.

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Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Blockchain Money Laundering 98

PYMNTS

JANUARY 30, 2019

The proof of concept is designed to “bring the benefits of gpi payments’ speed, ubiquity and certainty to distributed ledger technology (DLT)-enabled trade.”

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SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 46

PYMNTS

JUNE 8, 2020

The firms are operating using distributed ledger technology (DLT), which has been growing — in 2018, the number of firms using it sat at only 27 percent by comparison. Trade finance settlement makes up 9 percent. Coinbase is looking to sell Coinbase Analytics, its blockchain analytics software, to the U.S.

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IRS Distributed Ledger Technology (DLT) Blockchain Cryptocurrency 52

PYMNTS

DECEMBER 13, 2019

The SNB and the Bank for International Settlements (BIS) are said to be exploring the widespread use of digital central bank currencies. Beau wants to use distributed ledger technology (DLT), and France is mulling a central bank digital currency.

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Digital Currency Central Bank Distributed Ledger Technology (DLT) Money Laundering 40

CB Insights

SEPTEMBER 7, 2021

For example, Paxos (over $500M in total funding) offers a crypto asset custodial service, brokerage, exchange, and equities settlement for institutions. As of August 2021, 5 different companies in this category raised funding rounds of at least $300M this year: Paxos, BlockFi, Blockchain.com , Fireblocks , and Ledger.

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Blockchain NFTs Distributed Ledger Technology (DLT) Multi-Currency 101

PYMNTS

NOVEMBER 25, 2020

To that end, a Bank for International Settlements ( BIS ) study concludes that “embedded regulation” might offer a solution for stablecoins, defined as cryptocurrencies with values tied to fiat currencies or other assets.

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Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

PYMNTS

SEPTEMBER 18, 2019

To that end, the Bank for International Settlements (BIS) said in a paper titled “Embedded supervision: how to build regulation into blockchain finance” that distributed ledger technology (DLT) could be a part of bank infrastructure and could be used to automate supervision.

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Distributed Ledger Technology (DLT) Blockchain Central Bank Compliance 43

The Fintech Times

DECEMBER 21, 2023

In 2023, Abu Dhabi Global Market (ADGM) introduced the Distributed Ledger Technology (DLT) Foundations Regulations. Similarly, in Africa, the African Continental Free Trade Agreement (AfCFTA) has paved the way for the Pan-African Payment and Settlement System (PAPSS), anticipated to commence operations in early 2024.

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FinTech Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 64

The Payments Association

NOVEMBER 18, 2024

Lewis notes, “Whenever you have tokenisation of fund units or any other financial instrument, you should also have a digital form of money that would enable atomic settlement on those platforms.” This capability can significantly streamline transactions, reducing costs and increasing efficiency.

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Stablecoins Distributed Ledger Technology (DLT) Digital Currency Caps 88

PYMNTS

JUNE 20, 2019

Carney also noted in published remarks , according to Coindesk , that consortia “propose to issue digital tokens that are fully backed by central bank money, allowing instant settlement.” ” He noted that projects with distributed ledger technology (DLT) could unlock “billions of pounds in capital and liquidity.”.

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Distributed Ledger Technology (DLT) Regulations Non-Bank Money Laundering 46

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

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. Also with an eye on blockchain, and on FX and settlement, CLS has said it is in the end stages of testing blockchain payments for banks.

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

The Fintech Times

MAY 16, 2024

Tassat, the private permissioned blockchain-based B2B real-time settlement platform, has announced a partnership with Glasstower Digital, a fintech facilitating cross-border B2B remittances. Contactless payments are expanding in Japan, with the acceptance rate among small and medium-sized businesses, known as SMEs, around 60 per cent.

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

PYMNTS

JULY 31, 2019

Some payments providers are also leveraging blockchain and distributed ledger technology (DLT) to meet these needs, expediting the cross-border payment process. Canadian payments network Interac is also investing in blockchain and DLT solutions. payment systems will have to become more international in scope.

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Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

Fintech News

JANUARY 30, 2024

Prototypes and proofs of concept are being developed for payment systems based on distributed ledger technology (DLT). These tokens are intended to facilitate a range of applications, including domestic and cross-border payments, trading and settlement processes, as well as serving as cash collateral.

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Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 106

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) 103

Global Fintech & Digital Assets

NOVEMBER 7, 2023

Tokenisation refers to the process of digitally representing an asset (or ownership of that asset) using distributed ledger technology (DLT) through the use of digital tokens. With the growing interest among intermediaries in tokenisation, the SFC has decided to provide additional guidance to the market.

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Distributed Ledger Technology (DLT) Security Settlement Risk 52

PYMNTS

NOVEMBER 3, 2020

By looping into existing rails, OpenPayd's technology can support instant settlement for businesses operating in multiple parts of the world. In the latest show of support for distributed ledger technology, J.P. Smaller FIs Drive Real-Time Demand. Chase Creates New Blockchain Unit.

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Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

Global Fintech & Digital Assets

FEBRUARY 26, 2024

digital representation of value, which can be used for payment or investment purposes or to access a good or service) that depend on cryptography and distributed ledger technologies (DLT) or similar technologies. Scope of Application Cryptoassets will be defined as private digital assets (i.e.,

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Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

PYMNTS

OCTOBER 12, 2016

That close attention means through a working group specifically focused on payments and settlements and on a research-oriented approach related to other market applications. Separately, the World Federation of Exchanges has called for the creation of regulatory sandbox environments for distributed ledger technology (DLT).

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Blockchain Regulations Distributed Ledger Technology (DLT) Fed 77

PYMNTS

JUNE 13, 2018

While banks have been investigating and investing in distributed ledger technology (DLT) the team at Ripple does not believe that DLTs are likely to make an appearance any time soon when it comes to processing cross-border payments. Issues around scalability and privacy are still too pointed. “I

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Distributed Ledger Technology (DLT) Transactions Cross-Border Blockchain 53

PYMNTS

AUGUST 1, 2018

In another example ASX, an Australian a stock exchange, has pushed back its plans for a blockchain clearing and settlement service to 2021, as compared to a rollout that, two years ago, was expected to be done in 18 months.

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Blockchain Blocks Distributed Ledger Technology (DLT) Use Case 40

PYMNTS

AUGUST 22, 2018

According to the report, distributed ledger technology (DLT) will continue to rise, along with what BIS touted as “the myriad” number of benefits that accrue with that technology. billion by 2026. That represents a compound annual growth rate (CAGR) of 65.8 percent, as measured from 2018.

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Blockchain Distributed Ledger Technology (DLT) Authentication User Authentication 41

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

PYMNTS

DECEMBER 9, 2019

Esser highlighted three key areas with major opportunities for improvement in the credit union market, with CULedger finding blockchain a promising technology to address them. Third is the exchange of value — which includes payments, Esser noted, but also incorporates other concepts of value like settlement, or even member loyalty.

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Credit Union Cross-Border Electronic Funds Transfer (EFT) Distributed Ledger Technology (DLT) 54

PYMNTS

OCTOBER 24, 2019

Cross-border payments can be streamlined and sped up by leveraging modern tools like distributed ledger technology (DLT), which can complete transactions within minutes. SWIFT’s gpi , Mastercard’s B2B Hub, Visa B2B Connect and RippleNet are some of the examples of newer cross-border financial infrastructures.

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Cross-Border Payments Cross-Border B2B FedNow 42

CB Insights

FEBRUARY 22, 2018

Banks have also been experimenting with blockchain as a way to expedite back office functions and settlement, which some in the industry say could cut up to $20B in middleman costs. THE UNITED NATIONS EXPLORES DLTS AND BLOCKCHAINS FOR HUMANITARIAN AID AND CLIMATE SCIENCE. TEPCO INVESTED AND PARTNERED WITH ELECTRON.

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Blockchain Distributed Ledger Technology (DLT) Cryptocurrency Legal 78