Fintech News

SEPTEMBER 10, 2024

Asia Pacific point-of-sale payment methods – Select markets, Source: Beyond Payments: Digitalization Trends in the Cross-Border Checkout Revolution, Deloitte, Jul 2024 Payment interoperability The growth of digital payment innovations in APAC has emphasized the need for connectivity and interoperability in both online and offline transactions.

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Cross-Border Payments Cross-Border APACS Interoperability 106

The Fintech Times

MAY 29, 2024

The Interledger Foundation , an organisation building and advocating for an open, interoperable payment network, is introducing a new initiative to fund fintechs that leverage its Interledger Protocol (ILP) to bring payment capabilities to emerging markets and underserved populations.

Instant Payments 69

Instant Payments Cross-Border Payments Financial Inclusion Underserved 69

Fintech News

SEPTEMBER 19, 2024

Thailand’s Lightnet and Hong Kong-based fintech unicorn WeLab have teamed up to apply for a virtual bank license in Thailand. The aim is to enhance financial access for underserved retail customers and small businesses.

Underserved 122

Underserved Cross-Border Financial Inclusion Interoperability 122

Finovate

SEPTEMBER 20, 2024

Before that, we were talking about Ireland’s Central Bank and its search for top fintech talent, new investment in mobile payments in the Philippines , and the pace of digital transformation in India’s financial services sector. This supports demand for modern digital financial services. Why Uzbekistan?

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

Fintech Review

JULY 10, 2024

These initiatives not only provide financial services but also create new income opportunities in regions with limited job prospects. The integration of gaming and finance through blockchain technology opens up avenues for individuals to engage in the digital economy, fostering financial inclusion and economic development.

Finance 97

Finance Financial Inclusion Underserved Blockchain 97

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.

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Use Case Cross-Border Regulations Best Practices 130

Fintech Finance

JANUARY 11, 2024

It explores the challenges faced by financial institutions in correspondent banking relationships, shedding light on regulatory compliance, security concerns, foreign exchange rate risks, and the impact of fintech players entering the field. The post U.S.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

Fintech Finance

FEBRUARY 6, 2024

” NPS-NCS and NEPALPAY are part of the National Payment Switch (NPS) initiative, the core infrastructure for routing and settlement of retail transactions to ensure interoperability of card and non-card-based payments within Nepal. Currently, domestic card transactions are routed through international payment gateways. .”

Interoperability 64

Interoperability Real Time Payments Non-Bank Financial Inclusion 64

Fintech Finance

SEPTEMBER 13, 2024

Faster Payments Council Publishes Operational Considerations for Receiving Instant Payments Guideline appeared first on FF News | Fintech Finance. The post U.S.

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Instant Payments Faster Payments FPC Real Time Payments 131

The Fintech Times

OCTOBER 4, 2024

“India has recently achieved unprecedented levels of financial inclusion and is actively promoting the adoption and growth of the online sector,” explains Rashmi Satpute , country director of India at EBANX. “The forecast for consumer spending will be felt in digital commerce as well, in all verticals.”

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Consumer Online and Mobile Banking Instant Payments Financial Inclusion 52

Fintech Finance

MARCH 27, 2024

Since then, the company has remained steadfast in its commitment towards financial inclusion and has spearheaded multiple initiatives for its WLA network including deployment of Cash Recycling Machines (CRMs), supporting Interoperable Cash Deposits (ICD). Currently, it is the only WLA operator to offer cash deposit facility.

ATM 52

ATM Financial Inclusion Payments Value Added Service 52

The Fintech Times

SEPTEMBER 12, 2024

Kicking off proceedings in the morning on the main stage, Thomas Courtois , CEO of Nickel , the France-based neobank, highlighted the importance of financial inclusion in a modern economy. Courtois first explained that recent trends were positive: “Generally, we can say that financial inclusion has risen during the last year.

Central Bank 64

Central Bank Financial Inclusion Blockchain Interoperability 64

Fintech Finance

FEBRUARY 6, 2024

The integrated solution is available on the PayBy-powered Botim app, making it the first fintech platform to offer the AEP’s Aani solution. This innovative service enables instant and secure number-to-number money transfers, revolutionizing the fintech sector across the country.

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FinTech Funds Transfer IBAN P2P 52

Fintech Review

JULY 16, 2024

For example, APIs allow fintech companies to access banking data, facilitating the creation of enhanced financial services. APIs enable a wide range of financial services. These include budgeting tools, personalised financial advice, and streamlined loan applications. It also promotes financial inclusion.

Innovation 98

Innovation Consumer API Financial Inclusion 98

Fintech Finance

OCTOBER 4, 2024

The context and challenges of each impact the means, not the end, because the result of this digital revolution is very similar in all these regions: economic development, financial inclusion, and innovation,” says Juliana Etcheverry , Director of Country Growth – Latin America at EBANX.

Consumer 98

Consumer Credit Cards Online and Mobile Banking Economy 98

Fintech News

DECEMBER 11, 2023

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). ” The post SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems appeared first on Fintech Singapore.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 109

Fintech Finance

JUNE 5, 2024

UPI’s collaborative and open banking ethos enables greater connectivity and interoperability with both domestic and international payment networks and will foster innovation and resilience in the Peruvian payment ecosystem. The support of the Reserve Bank of India has been a cornerstone of this agreement.

Real Time Payments 52

Real Time Payments Financial Inclusion Agreements International Payments 52

Fintech Finance

MAY 3, 2024

By leveraging technology and experiences from India’s UPI, the partnership seeks to help Namibia modernize its financial ecosystem. This includes improving accessibility, affordability, connectivity with both domestic and international payment networks, and interoperability.

Underserved 52

Underserved Interoperability Instant Payments International Payments 52

Fintech Finance

SEPTEMBER 18, 2024

Faster Payments Council Releases Dual Reports on ISO 20022 Implementation and Benefits appeared first on FF News | Fintech Finance. The post U.S.

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ISO 20022 ISOs Faster Payments FPC 96

PYMNTS

MARCH 4, 2020

TerraPay, a Dutch FinTech, has been acquired by a number of investors, including Prime Ventures, Partech Africa and management for an undisclosed amount. We believe in our mission to address financial inclusion by making real-time national, regional and global payments accessible to everyone,” said Ambar Sur, founder and CEO of TerraPay. “We

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Acquirers FinTech Cross-Border Payments Cross-Border 67

PYMNTS

JUNE 24, 2020

Visa and the Dutch FinTech TerraPay said they plan to develop and deliver “payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances.”. “Interoperability is key to a digitally connected payments ecosystem.”.

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Interoperability Payments Financial Inclusion FinTech 97

The Fintech Times

DECEMBER 15, 2023

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. “Interoperability should not be dismissed as a buzzword.

Cross-Border 59

Cross-Border Cross-Border Payments Interoperability Payments 59

Fintech News

JUNE 19, 2024

Stablecoins can be backed by fiat currencies, commodities, or even other cryptocurrencies, and offer a range of benefits, including faster and cheaper cross-border transactions, increased financial inclusion, and the potential for programmable money. The process flow to use StraitsX XSGD at the Singapore Fintech Festival 2022.

Stablecoins 109

Stablecoins Cross-Border Cross-Border Payments Blockchain 109

Fintech Finance

DECEMBER 13, 2023

The Central Bank will utilize ACI’s Digital Central Infrastructure , part of the award-winning ACI Enterprise Payments Platform to build the Central Infrastructure of an interoperable, countrywide scheme that includes centralized settlement and addressing services for the existing real-time payments schemes.

Real Time Payments 52

Real Time Payments Central Bank Financial Inclusion Payments 52

Faster Payments Council

SEPTEMBER 12, 2022

They will discuss how the recently published white paper on "Faster Payments and Financial Inclusion" illustrates the pain points and barriers to financial inclusion, actions, and solutions to expand, requirements of the underserved, action and solutions for issues, and considerations for faster payment stakeholders.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

Fintech Finance

JULY 24, 2024

Faster Payments Council Board of Directors appeared first on FF News | Fintech Finance. The post Carl Slabicki Named Chairperson of U.S.

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Faster Payments FPC FedNow RTP 97

The Fintech Times

MARCH 5, 2024

How did you get into the fintech industry? What’s the best thing about working in the fintech industry? Now, there are a few reasons why fintech is relevant at this time. Governments and regulatory bodies are actively supporting initiatives aimed at increasing financial inclusion. That’s a staggering number.

Financial Literacy 64

Financial Literacy Financial Inclusion Underserved FinTech 64

The Fintech Times

MARCH 26, 2024

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services.

Innovation 59

Innovation Alternative Payment Methods Payments SWIFT 59

The Fintech Times

APRIL 11, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. By leveraging BaaS solutions, neobanks gain the ability to offer cutting-edge and user-friendly financial services tailored to meet the evolving needs of their client base.

Embedded Finance 75

Embedded Finance Non-Bank Online and Mobile Banking Financial Inclusion 75

Fintech News

MAY 6, 2024

It embodies the principles of openness, collaboration, interoperability, and advocates for the seamless exchange of data and services across diverse platforms and providers. Regulatory changes across the region encourage the adoption of Open Finance by fostering innovation, competition, and financial inclusion.

Compliance 108

Compliance Finance Payment APIs and Integration API 108

The Fintech Times

JUNE 6, 2024

The initiative seeks to address inefficiencies in cross-border payments, such as high costs, low speed, and operational complexities, while promoting financial inclusion. 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 Finance

MAY 8, 2024

Faster Payments Council Unveils Comprehensive Report on Instant Recurring Payments appeared first on Fintech Finance. The post U.S.

Faster Payments 52

Faster Payments FPC Payments RFP 52

Fintech Finance

DECEMBER 13, 2023

Faster Payments Council Publishes New Real-Time Payment APIs Report appeared first on Fintech Finance. The post U.S.

Real Time Payments 52

Real Time Payments Faster Payments API FPC 52

PYMNTS

NOVEMBER 12, 2020

Banks and financial institutions (FIs) have been layering patches and tools on top of outdated core banking systems for so long that it’s become a Frankenstein’s monster of tech entanglement. New approaches are about simplicity. A Positive Trend In A Tough Year. Many individuals lack emergency savings on which to fall back, with 35.8

Online and Mobile Banking 81

Online and Mobile Banking Financial Inclusion PayPal FDIC 81

PYMNTS

NOVEMBER 2, 2020

The Indian financial services ecosystem doesn’t have some of the things that are common to in the U.S. For example, there’s no local equivalent to the card networks to connect all of those small banks in an interoperable system.

Debit Card 84

Debit Card Push-to-Card FinTech ATM 84

PYMNTS

AUGUST 21, 2020

Jim Cunha, senior vice president, secure payments and fintech at the Federal Reserve Bank of Boston , told Karen Webster the joint efforts between the Fed and MIT are focused on exploring the infrastructure that would underpin a CBDC — and, at the same time, will probe various use cases. Interoperability Is Key.

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CBDC Fed Federal Reserve ISO 20022 107

Fintech News

MAY 19, 2024

An evolving regulatory landscape The surge in data monetization within the banking sector coincides with governments worldwide implementing new data sharing rules and establishing open banking standards to promote innovation, enhance competition and drive financial inclusion. Register at this link.

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Rules Non-Bank Audit Central Bank 95