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

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

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

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

Instant Payments 131

Instant Payments Faster Payments FPC Real Time Payments 131

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

SEPTEMBER 18, 2024

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

ISO 20022 93

ISO 20022 ISOs Faster Payments FPC 93

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.”

Consumer 52

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

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

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

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

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 97

Consumer Credit Cards Online and Mobile Banking Instant Payments 97

Fintech News

DECEMBER 11, 2023

G+D’s non-DLT-based CBDC system, Filia, was used in the direct model, demonstrating its interoperability and can be integrated into both traditional account-based environments and DLT solutions. ” The post SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems appeared first on Fintech Singapore.

CBDC 104

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 104

Fintech Review

JULY 16, 2024

Loan applications become more efficient, as lenders can quickly and accurately assess an applicant’s financial health through direct access to banking data. It also promotes financial inclusion. Interoperability between different systems also presents a hurdle.

Innovation 98

Innovation Consumer API Financial Inclusion 98

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.

Cryptocurrency 84

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 84

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 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

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

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 102

Stablecoins Cross-Border Cross-Border Payments Blockchain 102

Fintech Finance

MAY 8, 2024

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

Faster Payments 52

Faster Payments FPC Payments RFP 52

Fintech Finance

JULY 24, 2024

The post Carl Slabicki Named Chairperson of U.S.

Faster Payments 96

Faster Payments FPC FedNow RTP 96

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.

Finance 99

Finance Compliance Payment APIs and Integration API 99

Fintech Finance

FEBRUARY 6, 2024

Aani sets a new industry standard by offering full interoperability across all payment services, enabling instant digital payments 24/7. Our partnership with Al Etihad Payments signifies our dedication to driving innovation, fostering financial inclusion, and contributing to the UAE’s cashless economy initiatives.

FinTech 52

FinTech Funds Transfer IBAN P2P 52

Fintech Finance

DECEMBER 13, 2023

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

Real Time Payments 52

Real Time Payments Faster Payments API FPC 52

Open Banking Excellence

NOVEMBER 7, 2023

The G20 has issued policy recommendations for advancing financial inclusion and productivity gains, highlighting the role of using technology systems at scale, known as Digital Public Infrastructure (DPI), to realise the benefits. The post Myth or Reality? Unlocking Bank ID in the UK appeared first on Open Banking Excellence.

Due Diligence 130

Due Diligence Ubiquitous Governance Government 130

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. appeared first on The Fintech Times.

Embedded Finance 75

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

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. The post In Profile: Rajat Dayal, CEO of Yabx appeared first on The Fintech Times.

Financial Literacy 64

Financial Literacy Financial Inclusion Underserved FinTech 64

Fintech News

MAY 19, 2024

Personalized products and services Muthukumar Krishnan, senior partner at Infosys Consulting, highlights in a blog post the significance of data analytics for personalization and customer experience. Most recently, the Philippine central bank launched the Open Finance PH Pilot. Register at this link.

Rules 81

Rules Non-Bank Audit Central Bank 81

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

Fintech News

OCTOBER 16, 2024

Furthermore, a closer look will be taken at digital assets, including stablecoins, central bank digital currencies (CBDCs) and tokenised deposits, focusing specifically on interoperability and regulations. If you have yet to purchase your passes for the Singapore Fintech Festival, you may do so via this link to enjoy the exclusive discount.

FinTech 96

FinTech Cross-Border Payments AI Innovation 96

Finovate

SEPTEMBER 20, 2024

The key development, which has not yet been replicated in developed markets, is the full banking interoperability that open banking enables in Uzbekistan. In practice, it allows customers to seamlessly interact with multiple financial institutions. Visa and dtcpay announce strategic partnership to enhance digital payments in Singapore.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

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

The Fintech Times

MARCH 20, 2024

Optimising consumer and business experiences During the event, Zhang Qingsong, deputy governor of the PBOC , stated that the rapid development and accelerated penetration of mobile payment in China in recent years have been pivotal in reducing transaction costs and promoting financial inclusion.

Use Case 59

Use Case Online and Mobile Banking Governance Government 59

Fintech Finance

SEPTEMBER 24, 2024

These cover financial crime, regulation, open banking, ESG, cross-border payments, digital currencies and financial inclusion. Financial Inclusion The policies aim to work alongside the government’s work to promote financial inclusion to ensure innovation serves diverse needs of businesses and consumers.

Cross-Border Payments 91

Cross-Border Payments Financial Inclusion Cross-Border Payments 91

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

Here our experts discuss the challenges and opportunities for establishing interoperable directory capabilities in the United States. We will explore the launch of FedNow and the intricacies of operating with multiple instant networks. The US does not lack directory capability – we have an overabundance of it!

FPC 88

FPC Federal Reserve RFP Faster Payments 88

Fintech News

JANUARY 15, 2024

Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants., designed to align with the country’s vision of a seamless, accessible, and interoperable payments ecosystem. Here are five interesting takeaways gathered from the interoperable SGQR+ trials.

Interoperability 107

Interoperability Cross-Border Payments Financial Inclusion 107