Remove Innovation Remove Liquidity Management Remove Participant
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Project Ensemble: Hong Kong Embraces Asset Tokenisation With New Sandbox

The Fintech Times

Eddie Yue, chief executive at HKMA “Since the launch of Project Ensemble in March, we have been encouraged by the strong interest from the industry in pioneering innovative solutions to redefine the digital finance landscape,” explained Eddie Yue , chief executive of the HKMA.

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Mastercard and The Clearing House deepen their partnership to zero in on new instant payments applications 

Tearsheet

Beyond extending our partnership with Mastercard, we intend to partner on innovating for the banks that use the network by looking for additional use cases that they’ve expressed interest in and that would help drive volume across RTP,” said Lee Alexander, Executive VP and CIO at The Clearing House.

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SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

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.

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A Comprehensive Guide to FedNow

Payment Savvy

Liquidity Management Tool To manage liquidity in this system, the FedNow service will offer a liquidity management tool. Cost efficiency: A well-managed liquidity position means banks can use their funds more effectively, maximizing returns on investments and reducing borrowing costs.

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New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

One thing is customer service, but the other is liquidity management or cash flow forecasting, and that's new to a lot of organizations.”. To me, the bottom line is the more volume, the better the pricing for all participants in the industry,” she said. RTP Outlook.

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SWIFT Reveals Success, Future Challenges Of Blockchain PoC

PYMNTS

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation and more. The PoC includes 34 banks, each with their own node in SWIFT’s DLT sandbox.

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Corporate America Credit Union To Serve As RTP Funding Agent

PYMNTS

This is good for credit unions because CACU will handle the settlement and liquidity management of its members’ participation in the network, something that would cost a lot more for credit unions to do on their own.