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Innovation Interoperability Participant 
The Fintech Times
FEBRUARY 29, 2024
Ensuring this is possible on the XRP Ledger (XRPL), Ripple , the crypto solutions provider, has partnered with Axelar Foundation , the nonprofit decentralised interoperability network. The partnership with Axelar Foundation propels interoperability into the broader blockchain realm.
133 
Fintech Review
AUGUST 27, 2024
However, one of the significant challenges it faces is interoperability between different blockchain networks. Cross-chain interoperability aims to address this issue, enabling seamless communication and transactions across various blockchain platforms. Interoperability is vital for several reasons.
105 
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.
Open Banking Excellence
MAY 2, 2024
Today, Georgia is a centre of fintech innovation and home to a pioneering Open Banking ecosystem. In doing so, it bridged Western and Eastern cultures, serving as a conduit for the propagation of innovations and knowledge.” Our banks are agile and innovative. It is a competitive market.
147 
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.,
Finovate
SEPTEMBER 20, 2024
What is the level of interest in fintech innovation there? A recent example of this was with Hungary’s OTP, which in June 2023 became the first international player to participate in the privatization of the Uzbek banking sector, acquiring former state-owned Ipoteka Bank. There is a lot of talk about enabling technologies such as AI.
122 
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.
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.
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 FSS understands that innovations often lead to heightened systemic, operational and cyber risks, as well,” he noted. “[It] The Interoperability Dream .
98 
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.
Fintech News
MARCH 25, 2024
Over the last six months, 38 global institutions participated in Swift’s CBDC sandbox, marking it as one of the most extensive CBDC experiments to date. Specifically, in digital trade, the experiments proved the capability for interoperability among diverse digital networks, facilitating atomic trade payments.
92 
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.
64 
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. The Bundesbank’s expertise will be invaluable as we work together to enhance liquidity and efficiency of financial markets through asset tokenisation.”
103 
Fintech News
MAY 27, 2024
CBDC for cross-border payments, programmable money, and DeFi Kazakhstan’s Digital Tenge project is pursuing several ambitious goals: intensifying cross-border trade, implementing innovative social and anti-corruption initiatives, and integrating digital assets issued by decentralised finance (DeFi) participants and those issued by the government.
103 
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.
Fintech Review
SEPTEMBER 11, 2024
The Web3 Foundation , in partnership with Scytale Digital , has led the seed funding round for Hyperbridge , a groundbreaking protocol poised to transform blockchain interoperability. Unlike existing point-to-point bridge models, Hyperbridge introduces a hub model that scales verifiable interoperability across all chains.
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.
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. With roamQR, users will be able to make payments using their preferred e-wallet at participating merchants across different countries.
81 
The Fintech Times
JUNE 6, 2024
The platform now invites further international participation and private sector proposals for value-added solutions. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing. In 2022, a pilot involving real-value transactions demonstrated the platform’s capabilities.
45 
Fintech News
MAY 8, 2024
In 2022, the BOT initiated a Retail CBDC Hackathon to encourage public participation and promote private-public collaboration in developing CBDC proof-of-concept initiatives. To address these objectives, the BOT conducted the pilot test within a confined environment, divided into the Foundation Track and the Innovation Track.
107 
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.
130 
Fintech News
DECEMBER 11, 2023
SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). The participants noted significant improvements in the efficiency, cost, speed, and transparency of cross-border transactions.
95 
The Fintech Times
DECEMBER 15, 2023
Corda offers a permissioned ledger, asset modelling capabilities and a multi-party workflow engine in one interoperable and scalable distributed platform. The expansion demonstrates Emirates NBD’s continuing commitment to spearhead innovation in the financial sector. The Lab focuses purely on digital assets.
103 
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. .
78 
PYMNTS
OCTOBER 15, 2020
The real innovation cycle is where you layer on the program ability of money as a data type on the internet,” noted Allaire. Interoperability In Focus . Interoperability, said the panel, can improve B2B payments, creating new payments structures that contain message payloads that (can eventually) enable straight-through processing.
Fintech Finance
JUNE 18, 2024
STET’s platform uses ACI Low Value Real-Time Payments as a SaaS service, offering sophisticated routing and processing capabilities to enable its 20 member banks to connect directly to the European schemes, TIPS and RT1, hence providing full pan-European reachability and interoperability for instant payments.
95 
Fintech News
AUGUST 8, 2024
In the dynamic financial landscape of the Asia-Pacific (APAC) region, private banks, asset managers, fund managers, and other capital market participants are increasingly recognising the pivotal role of Swift connectivity. It is also essential to collaborate on interoperability between traditional finance and tokenised/digital assets.
124 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 recognize 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. .
76 
Fintech News
AUGUST 23, 2024
These events are serving as platforms for networking, knowledge exchange, and the showcase of innovative solutions. Participants will discuss emerging market trends and strategies for maintaining resilience amidst global economic challenges. The following is a curated list of the top fintech events taking place in APAC in H2 2024.
109 
Fintech Finance
DECEMBER 11, 2024
This innovative approach uses federated learning techniques, combined with privacy-enhancing technologies (PETs), to enable collaborative intelligence without compromising proprietary data. Heres how it works for Swift: A copy of Swifts anomaly detection model is sent to each participating bank.
86 
Fintech Review
JULY 10, 2024
Gaining Traction: Empowering the Unbanked In regions with significant unbanked populations, Decentralised Finance (DeFi) platforms are offering accessible financial services through the innovative use of blockchain technology. Interoperability with traditional financial systems presents another significant hurdle.
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. Simultaneously, industry participants are embracing the trend at a fast pace.
FICO
APRIL 9, 2019
The good news is that consumer-permissioned data is providing the industry a platform for further innovation. With this data, which hadn’t been easily available, applications are innovating with new forms of analysis and insight, while financial services embrace new models for greater accuracy.
66 
Fintech News
MAY 14, 2024
Deutsche Bank has announced its participation in the Monetary Authority of Singapore’s (MAS) Project Guardian. Within the asset and wealth management workstream, Deutsche Bank will test an open architecture and interoperable blockchain platform for servicing tokenised and digital funds.
Fintech News
JUNE 19, 2024
Purpose Bound Money: Piloting Real-World Interoperable Payments While stablecoins offer advantages in terms of speed and efficiency in theory, StraitsX has taken the concept a step closer to reality with the development of purpose bound money (PBM). Project Orchid, and the 1st use of purpose bound money, in partnership with Grab.
92 
PYMNTS
OCTOBER 12, 2020
These comment letters highlighted the need for features to address accessibility, interoperability, security, liquidity, and fraud prevention,” Montgomery said. FinTechs are interested in providing value-added services to FIs — and can conceivably connect their offerings to the FedNow platform via participating depository institutions.
Fintech Finance
OCTOBER 15, 2024
The RoPay service is being gradually rolled out, as participating banks introduce new features and cover more use cases, while users get accustomed to the service. RoPay is an alternative to cash or card payments, keeping up with technological innovations, allowing the end consumer to choose their preferred payment method.
The Fintech Times
MAY 17, 2024
Today we unveiled new card features and digital innovations that will bring consumers into a more customised, convenient and secure future.” There is a global desire to find commonality, interoperability and simplicity for online payments. We’re announcing the next generation of truly digital-native payment card experiences.
128 
Fintech News
OCTOBER 28, 2024
Finalists in the corporate categories were evaluated based on impact, sustainability, practicality, interoperability, and creativity, while individual submissions were assessed on contributions to the Singapore fintech sector. Four finalists were shortlisted in each category. Ripple, NETS, Syfe, and YouTrip returned as sponsors this year.
80 
Fintech News
MAY 21, 2024
A recent report by SBI Digital Asset Holdings (SBI DAH) sheds light on the growing interest and adoption of these innovative financial instruments among institutional investors. Nearly a quarter (23.5%) of the participants cited this as the key impediment to investing in digital assets. Institutional investors focus on digital assets.
124 
PYMNTS
NOVEMBER 27, 2019
A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin. That’s where I believe it becomes an assessment for each participant in the payments chain to consider.”. Not all of the underlying systems are as open with allowing cross-border payments,” he noted.
117 
The Fintech Times
MAY 18, 2024
Over the next six months, onboarded companies will conduct trials and experiments on three Eurosystem interoperability-type solutions proposed for central bank money settlement of wholesale financial transactions recorded on DLT platforms. The participating companies will perform the assessment in cooperation with Eurosystem.
75 
Fintech News
DECEMBER 9, 2024
The goal is to attract investment and innovation, maintain Singapore’s competitive edge in the global arena, and expand financial inclusion. However, this embrace of the new is not without a cautious side, as Singapore carefully balances innovation with robust regulation and consumer protection.
Fintech Finance
SEPTEMBER 24, 2024
The Payments Association , the most influential community in payments, has today launched The Payments Manifesto 2025: creating conditions to support growth and innovation in payments. Include strategic change programmes aligned with key priorities, including independent oversight, regulatory effectiveness, innovation, and risk management.
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