Fintech News

NOVEMBER 3, 2024

The Bank for International Settlements ( BIS ) Innovation Hub announced that it has “graduated out” of Project mBridge. Project mBridge is a major cross-border payments initiative designed to leverage wholesale central bank digital currencies (CBDCs). BIS General Manager Agustín Carstens shared the transition during a fireside chat at the Santander International Banking Conference 2024 in Madrid, emphasizing that the decision was due to the project’s maturity and not political reason

Cross-Border Payments 117

Cross-Border Payments Cross-Border Central Bank Settlement 117

The Fintech Times

NOVEMBER 3, 2024

Privacy-focused digital identity platform Privado ID , has launched a multi-chain, device-agnostic identity attestation protocol that enables people to verify their credentials across multiple EVM-compatible blockchains, in a move to streamline the end-user experience in the Web3 space. The new protocol from Privado ID introduces cross-chain compatibility, enabling users to verify their identity once and use it across any supported blockchain.

Blockchain 116

Blockchain Credential Verification Interoperability 116

Fintech News

NOVEMBER 3, 2024

SBI Digital Markets is deepening its involvement in the Monetary Authority of Singapore’s Project Guardian , which explores tokenisation of financial assets. The company is working with financial institutions to create a framework for distributing tokenised securities in primary and secondary markets. It connects regulated digital asset exchanges across jurisdictions using a blockchain-agnostic platform.

Cross-Border 105

Cross-Border Security Interoperability Blockchain 105

Finextra

NOVEMBER 3, 2024

The rise of large language models (LLMs) and other AI systems has created an insatiable demand for

Privacy 104

Privacy AI 104

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

Payments

Fintech News

NOVEMBER 3, 2024

The Monetary Authority of Singapore (MAS) has announced plans to advance asset tokenisation within the financial services sector. This move aims to enhance how financial markets operate by representing assets like bonds and stocks digitally. MAS has been exploring tokenisation through Project Guardian , which involves over 40 financial institutions and policymakers across seven jurisdictions.

CBDC 103

CBDC Settlement Digital Currency Cross-Border 103

The Paypers

NOVEMBER 3, 2024

Affirm , a payment network that supports consumer purchases and merchant growth, has announced the launch of its pay-over-time options in the UK.

Payment Networks 76

Payment Networks Consumer Payments 76

The Fintech Times

NOVEMBER 3, 2024

UAE bank Commercial Bank International (CBI) has forged a partnership with Zumo, a digital-assets-as-a-service platform, to explore the tracking of digital asset sustainability. The UAE’s digital assets market is expected to generate $453.20million in revenue by 2024 and reach an estimated $616.80million by 2028. As the UAE continues to build a robust framework for digital asset adoption, the partnership between CBI and Zumo aims to support the nation’s ambition to integrate blockchain into its

Blockchain 59

Blockchain Innovation FinTech Technology 59

Fintech News

NOVEMBER 3, 2024

The Singapore Fintech Festival 2024 (SFF 2024) returns for its ninth edition from 6 to 8 November, with a focus on the impact of Artificial Intelligence (AI) and quantum technology on the financial sector. The event will attract global policymakers, industry leaders, and innovators to explore these technologies’ transformative impact on the financial sector.

AI 96

AI FinTech Financial Inclusion Finance 96

Finezza

NOVEMBER 3, 2024

Did you know that Non-Banking Financial Companies (NBFCs) can leverage data and digitisation to facilitate lending? It can lead to reduced costs, faster approvals, and increased financial inclusion. According to BCG, this might enable a 15X growth in this market, reaching INR 7 lakh crore in annual disbursements. But what drives this growth? It is […] The post What is the India Fintech Stack: A Guide to Seamless Digital Lending for NBFCs?

Financial Inclusion 52

Financial Inclusion FinTech Non-Bank Facilitators 52

Fintech News

NOVEMBER 3, 2024

Paxos, a blockchain and digital asset solutions provider, has launched a new US dollar-backed stablecoin called Global Dollar (USDG). The stablecoin is issued by Paxos Digital Singapore , which is regulated by the Monetary Authority of Singapore (MAS), and is designed to meet the regulator’s upcoming stablecoin framework. Paxos Global, an affiliate, will partner with global exchanges and platforms to distribute USDG to both individuals and institutions.

Stablecoins 94

Stablecoins Regulations Regulatory Compliance PayPal 94

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Finextra

NOVEMBER 3, 2024

Affirm, one of the biggest buy now, pay later platforms in North America, has launched in the UK.

BNPL 69

BNPL 69

Fintech News

NOVEMBER 3, 2024

Anchorage Digital Singapore, a crypto platform, has obtained a Major Payment Institution license from the Monetary Authority of Singapore (MAS). This follows the in-principle approval granted to Anchorage Digital in August 2024. This licence allows the company to expand its services to include custody, staking, trading, settlement, and fiat on and off ramps for global institutions.

On-Demand 75

On-Demand Settlement Regulations Payments Institute 75

The Paypers

NOVEMBER 3, 2024

British multinational universal bank Barclays has announced the completion of its acquisition of the retail banking business of Tesco Personal Finance.

Acquirers 45

Acquirers Finance 45

Fintech News

NOVEMBER 3, 2024

ANEXT Bank, a digital wholesale bank owned by Ant International, has partnered with global asset management firm Schroders to make investing easier for micro, small, and medium-sized enterprises (MSMEs). This collaboration aims to address the fact that many MSMEs face significant challenges when it comes to investing their funds. A recent ANEXT Bank survey revealed that four out of five MSMEs have never invested in financial instruments.

Financial Literacy 101

Financial Literacy Financial Inclusion Small Business Addressing 101

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

Best Practices

The Paypers

NOVEMBER 3, 2024

UK-based Starling Bank has launched a new tool aimed at helping customers detect and guard against bank impersonation scams.

Scams 36

Scams 36

Fintech Finance

NOVEMBER 3, 2024

Affirm , the payment network that empowers consumers and helps merchants drive growth, has launched its flexible and transparent pay-over-time options in the UK. Founded in 2012, Affirm’s mission is to build honest financial products that improve lives. The company offers approved consumers an alternative to credit cards and other pay-over-time options, providing the ability to split the total cost of purchases into budget-friendly payments.

Consumer 91

Consumer Economy Regulatory Compliance Payment Networks 91