The Fintech Times

AUGUST 28, 2024

Through the project , HKMA explores financial market infrastructure that facilitates seamless interbank settlement of tokenised money through a wCBDC. Having completed building the sandbox, HKMA will use it to facilitate interbank settlement using experimental tokenised money, focusing on transactions involving these tokenised assets.

Interbank Settlement 134

Interbank Settlement CBDC Settlement Use Case 134

PYMNTS

MARCH 30, 2020

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15.

CBDC 98

CBDC Interbank Settlement Digital Currency Central Bank 98

PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. But she added that such innovation has raised “fundamental questions” about legal and regulatory safeguards.

Instant Payments 75

Instant Payments Fed FedNow Interbank Settlement 75

PYMNTS

FEBRUARY 13, 2020

Behind the scenes, interbank settlements and clearing can be done quicker than before with the new digital angle.

Interbank Settlement 61

Interbank Settlement Digital Currency eWallet Adjustments 61

The Fintech Times

MARCH 7, 2024

Through the new project, Hong Kong Monetary Authority will explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money through a wholesale CBDC.

CBDC 53

CBDC Authorization Interbank Settlement Central Bank 53

PYMNTS

OCTOBER 12, 2020

As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function).

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

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 106

FinTech Cross-Border CBDC Web 3.0 106