Fintech News

OCTOBER 28, 2024

The Singapore Fintech Festival (SFF) has announced the finalists for its 2024 Fintech Excellence Awards, organised in partnership with the Singapore Fintech Association (SFA) and supported by PwC Singapore. Napier AI designs and engineers technological innovation to make a measurable difference in driving down financial crime.

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AI FinTech Innovation Payment APIs and Integration 99

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.

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Cross-Border FinTech Cross-Border Payments Embedded Finance 114

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.

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Innovation Consumer API Financial Inclusion 98

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.

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Governance Government Innovation FinTech 64

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.

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Cross-Border Finance Security Interoperability 115

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.

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FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 106

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.

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FinTech Cross-Border CBDC Web 3.0 104

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.

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FinTech Cross-Border Payments AI Innovation 114

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

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Interoperability ISO 20022 Cross-Border ISOs 61

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.

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Global Payments Visa Cross-Border Payments Cross-Border 122

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.

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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.

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Embedded Finance FinTech Finance Interoperability 104

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.

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ISO 20022 ISOs FedWire Message Standards 144

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.

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Blockchain Credential AI Verification 139

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.

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Privacy API Innovation Payment APIs and Integration 98

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.,

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Interoperability Cross-Border Payments Financial Inclusion 115

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

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Technology Cross-Border Cross-Border Payments Federal Reserve 109

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?

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API FinTech Interoperability NACHA 80

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.

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CBDC SWIFT Interoperability Settlement 108

Fintech News

NOVEMBER 11, 2024

Launched in May 2022, Project Guardian brings together policymakers and key financial industry players to improve market liquidity and efficiency through the innovative use of technology. Featured image credit: Edited from Wikipedia The post German Central Bank Joins MAS-Led Project Guardian appeared first on Fintech Singapore.

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Central Bank Distributed Ledger Technology (DLT) Interoperability Cross-Border 122

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.

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Interoperability Payments Payments Institute Facilitators 94

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.

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Cross-Border Payments Cross-Border Interoperability Payments 116

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.

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Travel Rule Rules Compliance Transactions 119

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.

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PCI DSS Cross-Border Payments Interoperability Push-to-Card 100

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.

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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.

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Payment APIs and Integration API Facilitators Interoperability 129

Fintech Finance

NOVEMBER 21, 2024

Financial innovation is not limited to central banks. The post Universal Digital Payments Network (UDPN) and FORUS Digital Announce Strategic Cooperation to Advance Financial Innovation in Africa appeared first on FF News | Fintech Finance.

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Payment Networks Digital Payments Stablecoins Digital Currency 98

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.

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

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 110

Cross-Border Payments Cross-Border APACS Interoperability 110

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.

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Interoperability Stablecoins Blockchain Authorization 100

PYMNTS

SEPTEMBER 30, 2016

Major cities in Europe may not be the only ones after London’s FinTech crown. A new reported from the Association of Chartered Certified Accountants (ACCA) stated that Singapore’s fast-growing and lucrative FinTech sector is standing out as many larger rivals around the world are impacted by regulatory challenges and political turmoil.

FinTech 76

FinTech Money Laundering Interoperability Authorization 76

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.

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Global Payments Blockchain TPS Interoperability 124

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!

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Interoperability Contactless Payments Payments Issuers 98

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.

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Innovation FinTech Security Credential 52

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.

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Cross-Border Payments Cross-Border Interoperability Payments 52

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. .

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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.”

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Underserved Cross-Border Financial Inclusion Interoperability 128