Fintech News

OCTOBER 17, 2024

The Bank for International Settlements (BIS) has launched Project Aperta , an initiative aimed at improving open finance interoperability, reducing frictions, and cutting costs in global finance. The post BIS Introduces Project Aperta for Secure Cross-Border Data Sharing in Finance appeared first on Fintech Singapore.

Cross-Border 111

Cross-Border Finance Security Interoperability 111

Fintech Finance

JUNE 3, 2024

VGS has announced a strategic partnership with Onafriq , Africa’s largest payments network, that is aimed at bolstering security and innovation for Fintechs across Africa and the Middle East. This partnership brings with it a host of important developments.

Innovation 52

Innovation FinTech Security Credential 52

Fintech News

AUGUST 23, 2024

In H1 2024, fintech startups in Asia raised a total of US$2.4 Despite current funding challenges, fintech experts and industry observers are still optimistic about the region’s long-term growth prospects, driven by factors such as a young population, a large consumer base, and supportive government initiatives.

APACS 126

APACS FinTech Participant ISO 20022 126

Fintech Finance

JULY 18, 2024

Toyota Financial Services Italy , the financial division of the Toyota Group, becomes a Corporate partner of Fintech District , the international reference community for the Fintech and Techfin ecosystem in Italy. This collaboration will see the implementation of new solutions for advanced payment service management.

Embedded Finance 104

Embedded Finance FinTech Finance Interoperability 104

Fintech News

JANUARY 7, 2024

Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. Indonesia’s burgeoning fintech sector Indonesia’s fintech sector has grown tremendously over the past years. million, BI also reported.

Financial Inclusion 119

Financial Inclusion Innovation Payments NOV 119

The Fintech Times

JULY 9, 2024

The Kingdom of Saudi Arabia has established itself as a notable player in the fintech space over the past few years. From its Vision 2030, to the launch of its new open banking framework, the Kingdom is a frontrunner in fintech innovation. Supporting 24 Fintech’s growth, The Fintech Times is proud to be a media partner.

FinTech 59

FinTech SARS Central Bank Non-Bank 59

The Fintech Times

AUGUST 28, 2024

Indonesia’s startup and fintech scene, are also growing and have strong potential. In the same year, the value of e-commerce transactions in Indonesia totalled around $51.9billion, highlighting the promise that fintech can offer the country. How is fintech integrating in Indonesia?

FinTech 69

FinTech Economy Authorization Underserved 69

Payments Source

NOVEMBER 7, 2018

The payments and financial services industry has enjoyed an unprecedented wave of invention, but the fruits of that labor are threatened by an ideologically driven political climate that complicates the evolution of global interoperable mobile-driven commerce.

Interoperability 125

Interoperability Innovation FinTech Payments 125

The Fintech Times

JUNE 8, 2024

African payments network, Onafriq , has joined forces with VGS , the payment tokenisation firm, to improve security for fintechs across the Middle East and Africa (MEA). This process also helps Onafriq’s fintech clients remain compliant, while offering user self-serve options and reducing customer service needs.

Security 64

Security FinTech Credential Interoperability 64

PYMNTS

AUGUST 1, 2019

In the latest Smarter Payments Tracker , PYMNTS takes a deep dive into the challenge of interoperability in achieving better cross-border payments services and experiences. In the public sector, corporates and government entities are also collaborating in pursuit of interoperability. Across the pond, meanwhile, the U.S.’s

Interoperability 61

Interoperability ISO 20022 Cross-Border ISOs 61

Fintech News

SEPTEMBER 30, 2024

ANZ will collaborate with Chainlink Labs and ADDX, a Singapore-based private market exchange platform, to test the interoperability of these assets between different blockchains. Featured image credit: Edited from Freepik The post ANZ Becomes First Australian Bank to Join MAS-Led Project Guardian appeared first on Fintech Singapore.

Interoperability 104

Interoperability Stablecoins Blockchain Authorization 104

Fintech News

AUGUST 12, 2024

XDC Network has selected eight startups to join its first-ever accelerator programme, powered by Tenity , an innovation ecosystem specialising in early-stage fintech startups. Kerc A healthcare platform focused on seamless data interoperability to improve patient outcomes and reduce errors.

Blockchain 138

Blockchain Credential AI Verification 138

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. The paytech scene in Latin America is indeed burgeoning with innovation and growth.

Innovation 59

Innovation Alternative Payment Methods Payments SWIFT 59

Fintech News

JULY 9, 2024

The company plans to continue rolling out innovative commerce products in partnership with Pine Labs. The company also collaborates with DBS Bank, Google Pay, United Overseas Bank, and Singtel Dash as part of its loyalty program to enable interoperable payments.

Interoperability 101

Interoperability Payments Payments Institute Facilitators 101

Fintech Finance

OCTOBER 8, 2024

WadzChain Network, a global leader in innovative blockchain technology, announced today the launch of one of the world’s first hybrid blockchains intending to transform global payments for businesses. It is the foundation for cutting-edge payment innovations. The WadzChain Testnet is just the beginning.

Global Payments 124

Global Payments Blockchain TPS Interoperability 124

Fintech Finance

JULY 9, 2024

“We are thrilled to welcome Banking Circle to our community of leading fintech companies at an exciting time as they expand their operations in the U.S.,” Companies like Banking Circle are powering banks and fintechs with seamless, interoperable solutions to transact across borders.” “We

Technology 109

Technology Cross-Border Cross-Border Payments Federal Reserve 109

The Fintech Times

APRIL 17, 2024

The creators envision the UK RLN as a unified ‘innovation platform,’ integrating various currency forms like current commercial bank deposits and a shared ledger for tokenized commercial bank deposits. This strategic choice highlights their complementary methods in achieving interoperability as well as seamless integration.

Payment APIs and Integration 137

Payment APIs and Integration Blockchain Finance Digital Payments 137

Fintech News

SEPTEMBER 10, 2024

Their growing popularity has spurred continuous financial innovation, such as the rise of buy now, pay later (BNPL). In the region, several countries have introduced cross-border QR code payment linkage, creating a unique interoperable ecosystem within ASEAN. billion grams of carbon emissions.

Cross-Border Payments 106

Cross-Border Payments Cross-Border APACS Interoperability 106

Fintech Finance

SEPTEMBER 24, 2024

As part of its strategic initiatives, CBI has formed an international partnership with Banfico in order to promote the interoperability of Verification of Payee solutions across pan-European and cross-border markets. The solution is compliant with Instant Payment Regulation, supporting payment institutions to match the normative requirements.

Payee 98

Payee Verification IBAN Regulatory Compliance 98

Fintech Finance

SEPTEMBER 5, 2024

Stay tuned for more updates as Fidesmo continues to innovate and expand the availability of contactless services and interoperability with devices. appeared first on FF News | Fintech Finance. The post Fidesmo Partners with Swatch as the Payment Platform for SwatchPAY!

Interoperability 98

Interoperability Contactless Payments Payments Issuers 98

Fintech Finance

APRIL 25, 2024

Our strategy is to listen carefully to the needs of the most sophisticated and innovative businesses in the world. We count on Stripe for scaling our business so we can focus on innovating and serving our customers. The features announced today focus on helping them accelerate their growth.

Interoperability 52

Interoperability AI Payment APIs and Integration Fraud Prevention 52

Fintech Finance

SEPTEMBER 25, 2024

It will allow payment service providers and merchant acquirers in Japan to accelerate speed to market with new innovative payment services, modernize merchant and consumer payment experiences, and lower the total cost of ownership. Together, we can help our clients unlock the immense potential of a next-generation payments ecosystem.”

ISO 20022 104

ISO 20022 Cross-Border Payments Stop Payment Acquirers 104

Fintech Finance

JUNE 17, 2024

The Eurosystem and London Centres of the BIS Innovation Hub, together with the Bank of England , have launched Project Meridian FX, to build on the findings of Project Meridian by focusing on foreign exchange (FX) transactions.

Real Time Gross Settlement (RTGS) 97

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement Interoperability 97

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 evolving nature of cross-border payments demands a proactive approach. The post U.S.

Cross-Border Payments 93

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

Fintech Finance

MARCH 1, 2024

Furthermore, it offers unparalleled flexibility, interoperability, and efficiency compared to legacy formats, positioning FIs for long-term success in an increasingly digital economy. By embracing ISO 20022, FIs can meet today’s demands and anticipate tomorrow’s needs, driving innovation and growth in the digital age.

ISO 20022 144

ISO 20022 ISOs FedWire Message Standards 144

Fintech News

MARCH 25, 2024

Specifically, in digital trade, the experiments proved the capability for interoperability among diverse digital networks, facilitating atomic trade payments. Tom Zschach “Swift is a community – a convener of and for our industry – and I’m delighted that we’ve been able to facilitate these critical innovation experiments.

CBDC 106

CBDC SWIFT Interoperability Settlement 106

Fintech Finance

OCTOBER 22, 2024

TerraPay , a global leader in cross-border money movement, has announced a strategic partnership with Tenpay Global , Tencent’s cross-border payment platform renowned for its innovative financial services through the Weixin ecosystem. billion wallets.

Cross-Border 52

Cross-Border Interoperability Cross-Border Payments Digital Payments 52

The Fintech Times

JULY 17, 2024

Two firms combining forces to make this simple and more seamless are Global Digital Finance (GDF), the global members association and platform for open innovation in digital assets in financial services and the Global LEI Foundation (GLEIF), the global not-for-profit organisation.

Best Practices 113

Best Practices Interoperability Message Standards Legal 113

Fintech News

SEPTEMBER 3, 2024

The company also established the Wallet Interoperability Council with five other wallet providers. His strategic insights and deep-rooted experience in product innovation will prove to be vital as we continue to elevate our offerings and deliver unparalleled value to our customers.”

Product 105

Product Interoperability SWIFT Innovation 105

The Fintech Times

JULY 9, 2024

Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 9 July 2024 bringing you the latest updates from across the world. UK fintech Ripe appoints Jamie Richards as head of M&A. Fairlo , a consumer credit fintech, has received B Corp certification.

ISO 20022 59

ISO 20022 FinTech ISOs Payroll 59

Fintech News

JUNE 12, 2024

The Bank for International Settlements (BIS) Innovation Hub ‘s Point Zero Forum 2023 roundtable brought together key stakeholders and leaders from both the public and private sectors to discuss opportunities and challenges in cross-border payments.

Cross-Border Payments 116

Cross-Border Payments Cross-Border Interoperability Payments 116

The Fintech Times

MAY 20, 2024

In early May, we attended the Dubai FinTech Summit , and got the opportunity to speak with some of the brightest minds in the industry, including Emirates NBD. The bank also hosted interactive activations by key business units, showcasing cutting-edge products and innovations designed to educate and engage visitors.

FinTech 59

FinTech AI Interoperability On-Demand 59

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. Committed to open competition and interoperability, we’re truly ecosystem agnostic, with a strong track record of working with global leading brands like Apple, Tesla, Allianz and CK Hutchison.”

Underserved 122

Underserved Cross-Border Financial Inclusion Interoperability 122

Fintech Finance

SEPTEMBER 19, 2024

HSBC also tested the interoperability of its gold tokens using post-quantum cryptography (PQC) to move digital assets safely across distributed ledgers via secure networks, addressing clients’ evolving needs and regulations. The post HSBC Pilots Quantum-Safe Technology for Tokenised Gold appeared first on FF News | Fintech Finance.

Distributed Ledger Technology (DLT) 93

Distributed Ledger Technology (DLT) Technology Interoperability Cybersecurity 93

Fintech News

AUGUST 7, 2024

Humphrey Valenbreder Partior CEO Humphrey Valenbreder acknowledged the challenges faced by the early-stage fintech firm, stating, “As a young company, our focus is on building a strong foundation for long-term growth and success.” million, according to DealStreetAsia’s DATA VANTAGE.

Liquidity Management 106

Liquidity Management Interoperability Blockchain FinTech 106

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. “The complexity and scale of corporate transactions necessitate a heightened focus on regulatory adherence and data protection.

Cross-Border 59

Cross-Border Cross-Border Payments Interoperability Payments 59

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