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

PYMNTS

MARCH 1, 2017

One of them is that too many people in the world are denied access to banking and financial services of any kind. That this lack of financial inclusion excludes them from participating in most of the payments and commerce activities that most of those reading this take for granted. The second?

Financial Inclusion 60

Financial Inclusion Visa Interoperability Economy 60

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.

Use Case 130

Use Case Cross-Border Regulations Best Practices 130

Fintech Finance

JANUARY 11, 2024

The Practicalities of Cross-Border Payments in a Faster Payments World also highlights the challenges faced by fintech companies, providing insights into regulatory compliance, security, foreign exchange rate risks, lack of transparency, high costs, interoperability, data privacy, competition with financial institutions, and liquidity management.

Cross-Border Payments 93

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

Fintech Finance

FEBRUARY 6, 2024

“ACI has a stellar track record in providing scalable and innovative solutions to build transformative payment capabilities, and we are excited to bring seamless and convenient card payment services in Nepal.” Currently, domestic card transactions are routed through international payment gateways. .

Interoperability 64

Interoperability Real Time Payments Non-Bank Financial Inclusion 64

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

Fintech Finance

JUNE 5, 2024

This innovative system facilitates instant payments between individuals and businesses, thereby reducing reliance on cash-based transactions and expanding the use of digital payments to Peru’s large unbanked population. It also reflects on our commitment towards advancing digital public goods across the globe.

Real Time Payments 52

Real Time Payments Financial Inclusion Agreements International Payments 52

Clearly Payments

JANUARY 4, 2024

Financial Inclusion: Cryptocurrencies have the potential to bring financial services to the unbanked and underbanked populations, fostering financial inclusion. By accepting cryptocurrency payments, merchants contribute to a more inclusive global economy. This is covered in the below section.

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

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.

Cross-Border 59

Cross-Border Cross-Border Payments Interoperability Payments 59

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). Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system.

CBDC 99

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 99

Fintech Finance

JULY 24, 2024

With experience and focus on innovative payment services across Real-Time Payments (RTP® and FedNow®), ACH, card solutions and alternative payment rails, Carl is well-positioned to support the FPC’s continued growth and innovation in faster payments.

Faster Payments 97

Faster Payments FPC FedNow RTP 97

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. Project Orchid, and the 1st use of purpose bound money, in partnership with Grab.

Stablecoins 97

Stablecoins Cross-Border Cross-Border Payments Blockchain 97

Fintech Finance

MAY 8, 2024

Our report aims to address the diverse needs and expectations of consumers, businesses, and financial institutions, laying the groundwork for widespread adoption and innovation.” For those reasons, the FPC urges all system participants to adopt the recommendations in this report.” The post U.S.

Faster Payments 52

Faster Payments FPC Payments RFP 52

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

Fintech News

MAY 6, 2024

At the heart of this transformation lies the concept of Open Finance – a paradigm shift that transcends traditional banking boundaries to usher in an era of innovation, collaboration, and customer-centricity. The Rise of Open Finance in Asia Open Finance represents a fundamental departure from the siloed approach of traditional banking.

Compliance 93

Compliance Finance Payment APIs and Integration API 93

The Fintech Times

APRIL 11, 2024

Having established what regulatory challenges banks and fintechs should be aware of when leveraging banking-as-a-service (BaaS), and how the technology is advancing financial inclusion across the globe, we now turn our attention to emerging trends and if they are region-dependent.

Embedded Finance 75

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

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

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.

Participant 45

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

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.”.

Interoperability 97

Interoperability Payments Financial Inclusion FinTech 97

Fintech Finance

FEBRUARY 6, 2024

This innovative service enables instant and secure number-to-number money transfers, revolutionizing the fintech sector across the country. Aani sets a new industry standard by offering full interoperability across all payment services, enabling instant digital payments 24/7.

FinTech 52

FinTech Funds Transfer IBAN P2P 52

Fintech Finance

DECEMBER 13, 2023

” The paper highlights several key factors influencing the adoption of instant payments globally, including the effectiveness of instant payment APIs in fostering innovation. As they become more prevalent, instant payments APIs will help to accelerate adoption of instant payments in the U.S.

Real Time Payments 52

Real Time Payments Faster Payments API FPC 52

Open Banking Excellence

NOVEMBER 7, 2023

BankID in Sweden has played a leading role in building the foundations of a digital society and has unlocked a wide range of opportunities for a thriving digital ecosystem to develop, enabling major cost savings and innovations in products and services. OneID was also the first Orchestration Service Provider to receive certification.

Due Diligence 130

Due Diligence Ubiquitous Government Governance 130

The Fintech Times

MARCH 5, 2024

Governments and regulatory bodies are actively supporting initiatives aimed at increasing financial inclusion. They are implementing policies and regulations that promote innovation while ensuring consumer protection and financial stability. What’s the best mistake you’ve ever made?

Financial Literacy 64

Financial Literacy Financial Inclusion Underserved FinTech 64

Faster Payments Council

AUGUST 23, 2024

This session will provide a comprehensive analysis of key industry metrics, highlight opportunities for innovation, and offer strategic guidance to navigate the evolving landscape of payments. It's time to confront the harsh reality—innovation alone doesn't drive broad adoption.

FPC 167

FPC ISO 20022 Federal Reserve Instant Payments 167

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.

Rules 77

Rules Non-Bank Audit Central Bank 77

PYMNTS

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. The letter highlighted the role of faster payments as a panacea to financial inclusion problems in the U.S.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

JUNE 4, 2019

Call it the curse of innovation, perhaps. That’s what one might think about when listening to a new PYMNTS interview, as Trulioo CEO Stephen Ufford described to Karen Webster his company’s new “strategic partnership” with Refinitiv , a global giant when it comes to financial market data and infrastructure — an effort announced today (June 4).

Consumer 50

Consumer Verification Financial Inclusion Small Business 50

The Fintech Times

FEBRUARY 28, 2024

“The result is financial inclusion across many parts of the world, often poorer nations, is seriously undermined. The absence of interoperability between different systems can create additional barriers and inefficiencies, affecting the growth of payments.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 59

Payment Savvy

MAY 15, 2023

Interoperability FedNow intends to work seamlessly with other payment networks. It encourages financial institutions to provide affordable and user-friendly services to customers. This promotes greater financial inclusion and ensures everyone can access fast, reliable payment services.

FedNow 52

FedNow Federal Reserve Liquidity Management Instant Payments 52

Faster Payments Council

SEPTEMBER 23, 2023

Leaders will need to make decisions more quickly; organizations will need to be more agile to opportunities for innovation. Here our experts discuss the challenges and opportunities for establishing interoperable directory capabilities in the United States. Mastering the art of change quickly will be a critical business differentiator.

FPC 88

FPC RFP Federal Reserve Faster Payments 88

Fintech News

JANUARY 15, 2024

Looking ahead, the Monetary Authority of Singapore (MAS) has introduced the SGQR+, an innovative concept aimed at revamping Singapore’s QR payments infrastructure for the future. Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants.,

Interoperability 101

Interoperability Cross-Border Payments Financial Inclusion 101

Segpay

JUNE 13, 2024

The Service Provider Showcase on FedNow Explorer includes a growing list of more than 100 payment processors, correspondents, banking operations, and application providers to help financial institutions connect and amplify their network. Interoperability: Designed to work alongside existing payment systems.

FedNow 52

FedNow Federal Reserve Real Time Payments Instant Payments 52

PYMNTS

SEPTEMBER 18, 2019

In an interview with Karen Webster, Trulioo CEO Stephen Ufford said the roadblocks on the path to real financial inclusion and a network that truly spans the globe can be boiled down to one key challenge: crossing the Rubicon from analog to digital. As Ufford asked: “Why shouldn’t identity function the same way?

Verification 63

Verification Cross-Border Push-to-Card Online and Mobile Banking 63

The Fintech Times

JULY 16, 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. Especially during key growth moments like funding rounds.

Financial Inclusion 52

Financial Inclusion Consumer Assessments Interoperability 52

Fintech News

DECEMBER 10, 2023

In APAC, financial inclusion has emerged as a driving force behind digital innovation. Many nations within the region have recognised the transformative potential of extending financial services to underserved populations. The absence of proper documentation and financial education presents significant hurdles.

Addressing 110

Addressing Fraud Prevention Financial Inclusion Payments 110

Fintech Finance

APRIL 19, 2024

“What struck me about our work is that while we started with a relatively narrow question, we found that answering it meant we needed to explore several domains,” said Scott Green, Manager, Product Innovation at SHAZAM and FPC QR Code Interface Work Group Chair. ” The report delves into international and U.S.

Faster Payments 59

Faster Payments FPC Payments Best Practices 59

Fintech Review

AUGUST 13, 2024

With a strong focus on financial inclusion, Fuse aims to bridge the gap between traditional and decentralized finance, empowering small businesses and emerging markets. Fuse is committed to driving financial inclusion and creating a decentralized future where everyone has the tools and opportunities to succeed.

Financial Inclusion 98

Financial Inclusion Blockchain Interoperability Small Business 98