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 122

Financial Inclusion Innovation Payments NOV 122

Fintech Review

JULY 16, 2024

Open banking is transforming the financial landscape by fostering innovation , competition, and improved customer experiences. For example, APIs allow fintech companies to access banking data, facilitating the creation of enhanced financial services. In Europe, the PSD2 directive has spurred significant innovation.

Innovation 98

Innovation Consumer API Financial Inclusion 98

Fintech News

DECEMBER 20, 2023

Singapore also made strides in payment innovation, focusing on enhancing electronic payments and expanding cross-border capabilities. Singapore furthers payment innovation aspirations 2023 also saw Singapore advance its payment innovation ambitions, particularly in the realms of electronic payments and cross-border payment capabilities.

FinTech 107

FinTech Cross-Border CBDC Web 3.0 107

Fintech News

NOVEMBER 12, 2024

The ninth edition of the Singapore Fintech Festival (SFF) wrapped up on 8th November, concluding a dynamic week-long of celebration of fintech that brought together tens of thousands of participants from around the world. However, challenges remain, particularly regarding interoperability.

FinTech 107

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 107

Fintech News

OCTOBER 28, 2024

This service also offers interoperability for real-time global money movement, making it easier for Thunes’ members to conduct transactions worldwide. Floris de Kort “This is a significant milestone for Thunes as we continue to expand the global reach of our Network and drive innovation in the global payments space.

Global Payments 124

Global Payments Visa Cross-Border Payments Cross-Border 124

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 Correspondent Bank 61

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 114

Cross-Border Finance Security Interoperability 114

Fintech News

JANUARY 10, 2024

As the tech-driven economic landscape continues to evolve at a remarkable pace, Singapore remains at the forefront of this transformation, particularly in the realm of fintech. This booming scene is driven by supportive government policies, a robust tech-savvy population, and an increasing number of fintech startups.

Cross-Border 114

Cross-Border FinTech Cross-Border Payments Embedded Finance 114

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 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

DECEMBER 22, 2024

In 2024, Singapore continued to solidify its position as a global fintech leader. Finally, the fintech startup ecosystem continued to diversify, a trend which is evident in the rapid growth of Web 3.0, Finally, the fintech startup ecosystem continued to diversify, a trend which is evident in the rapid growth of Web 3.0,

FinTech 110

FinTech Cross-Border Payments Cross-Border Money Laundering 110

Fintech News

OCTOBER 16, 2024

The Singapore Fintech Festival (SFF) 2024 is returning for its 9th edition from 6 to 8 November, with the Insights Forum taking place beforehand on 4 and 5 November. Fintech News Network readers will also get a 20% discount on their Delegate Passes.

FinTech 111

FinTech Cross-Border Payments AI Innovation 111

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 139

Blockchain Credential Verification AI 139

The Fintech Times

FEBRUARY 11, 2024

The Hong Kong government has reaffirmed its dedication to fostering fintech innovation following the issuance of approximately HK$6billion worth of digital green bonds. Paul Chan , the Financial Secretary, said: “The Government has once again issued digital green bonds this year, incorporating various technological innovations.

Government 64

Government Governance Innovation FinTech 64

PYMNTS

MAY 1, 2020

The EU’s PSD2 and GDPR regulations were passed in 2018 and designed with a primary focus on interoperability between open banking systems around the world. The presence and curation of FinTechs is growing … and we are leveraging the technologies offered by FinTech players to enhance customer experience. Similar to the U.K.

Privacy 98

Privacy API Innovation Payment APIs and Integration 98

Fintech Finance

FEBRUARY 20, 2025

However, challenges such as interoperability and fraud must be addressed to fully unlock the potential of faster payments. Overcoming cost and interoperability hurdles through innovative solutions will be key to sustaining this momentum and delivering on the promise of faster payments.

Faster Payments 101

Faster Payments Multifactor Authentication FedNow RTP 101

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 103

Interoperability Payments Payments Institute Facilitators 103

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

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

PYMNTS

AUGUST 10, 2017

Banks and FinTech companies have a complicated history. While traditional banks offer a more established and tested set of products, the offerings of newer FinTech companies — such as real-time data, streamlined payments and quick notifications — are helping these new players encroach on banks’ territories. Why the tension?

API 80

API FinTech Interoperability NACHA 80

Fintech News

NOVEMBER 6, 2024

Building on the success of the SGQR+ initiative led by the Monetary Authority of Singapore (MAS), roamQR will enable interoperability between various e-wallets, mobile payment apps, and national QR networks. This many-to-many approach fosters competition, driving improvements and innovation that benefit both consumers and merchants.

PCI DSS 106

PCI DSS Cross-Border Payments Interoperability Push-to-Card 106

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 119

Cross-Border Payments Cross-Border Interoperability Payments 119

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 107

CBDC SWIFT Interoperability Settlement 107

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 114

Interoperability Cross-Border Payments Financial Inclusion 114

Fintech News

MARCH 26, 2024

This collaboration aims to facilitate secure cryptocurrency transactions by connecting Binance’s extensive user base of over 183 million with Sumsub’s network of Virtual Asset Service Providers (VASPs), financial institutions, and fintech companies.

Travel Rule 117

Travel Rule Rules Compliance Transactions 117

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 News

MAY 16, 2024

The State of Open Banking in Southeast Asia The paper notes that across Southeast Asia, financial institutions are recognizing the potential advantages of open banking, including improved customer experiences and access to innovative products. Additionally, fintech companies like Curlec and Soft Space are contributing to open banking growth.

Payment APIs and Integration 130

Payment APIs and Integration API Facilitators Interoperability 130

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 105

Interoperability Stablecoins Blockchain Authorization 105

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 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 107

Cross-Border Payments Cross-Border APACS Interoperability 107

Fintech Finance

AUGUST 20, 2024

TerraPay , a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Interoperability Payments 52

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 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!

Contactless Payments 98

Contactless Payments Interoperability Payments Issuers 98

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 107

Product Interoperability SWIFT Innovation 107

PYMNTS

MARCH 4, 2017

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

API 78

API Payment APIs and Integration Innovation Privacy 78

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 128

Underserved Cross-Border Financial Inclusion Interoperability 128

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