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.

Use Case 130

Use Case Cross-Border Regulations Best Practices 130

Fintech Finance

JANUARY 25, 2024

Leading account-to-account (A2A) payment infrastructure provider, Token.io , has announced it has become an official participant in the SEPA Payment Account Access (SPAA) scheme: a commercial API initiative that will enable greater innovation and unlock wider adoption of A2A payments in Europe. As a SPAA participant, Token.io

Innovation 52

Innovation Participant Central Bank Payments 52

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.

Central Bank 105

Central Bank Distributed Ledger Technology (DLT) Interoperability Cross-Border 105

Tearsheet

FEBRUARY 16, 2024

This extended partnership will focus on integrating additional instant payment use cases across a range of payment flows for consumers, businesses, and governments. FedNow and RTP are eyeing new use cases to compete for bank partnerships, however, achieving widespread adoption remains a shared hurdle for both instant payment rails.

Instant Payments 119

Instant Payments RTP Visa TCH 119

PYMNTS

AUGUST 13, 2020

B2B FinTechs are once again showing the different use cases for corporate card technology and how these offerings add value to the enterprise. Below, PYMNTS rounds up the latest in commercial card innovation: CarrierHQ Adds Access To Comdata Card. Participating truck stops include Ambest, TA-Petro, Sapp Bros and Roady’s.

Use Case 56

Use Case B2B Online and Mobile Banking Credit Cards 56

The Fintech Times

SEPTEMBER 25, 2024

The HKMA completed Phase 1 of the e-HKD Pilot Programme in October 2023 and had studied domestic retail use cases in various areas such as programmable payments, settlement of tokenised assets, and offline payments. We look forward to working closely with industry participants in Phase 2 to co-create various innovative use cases.”

Authorization 59

Authorization Digital Currency Use Case Settlement 59

Open Banking Excellence

NOVEMBER 9, 2023

The number of adults using Open Banking in the UK represents around 10% of the adult population. The adoption of account data services has lagged behind Open Banking payments, whilst the number of Open Banking use cases is limited and it has not yet entered daily or weekly usage for most consumers and businesses.

Use Case 130

Use Case API Fraud Prevention Risk 130

Fintech Finance

AUGUST 15, 2024

Sionic teamed with Google Cloud Consulting to design and build the specific use case AI models. “We are investing heavily in a comprehensive and innovative instant payments system, with the kind of security that is lacking in today’s real-time payment landscape,” said Matt Watson, chief technology officer at Sionic. ”By

AI 79

AI Fraud Detection Technology Real Time Payments 79

Fintech News

OCTOBER 28, 2024

This year’s awards are also supported by 12 fintech community members, including Ripple, NETS, ADVANCE.AI, and HSBC, as part of the ‘Fintech Gives Back’ initiative, aimed at encouraging innovation and supporting emerging talent. Ripple, NETS, Syfe, and YouTrip returned as sponsors this year.

AI 82

AI FinTech Innovation Payment APIs and Integration 82

Fintech Finance

OCTOBER 24, 2024

One-click e-commerce payments were identified as a top use case. Although 79% of surveyed banks believe CVRP will benefit their account holders and the UK payments ecosystem, only 32% expect to support CVRP for low-risk use cases in 2025, and just 26% for e-commerce use cases.

Risk 89

Risk Use Case Payments Debit Card 89

Fintech News

OCTOBER 6, 2024

Banks in North America, Europe, and Asia will participate, using Swift ’s platform to conduct transactions involving both digital assets and traditional currencies. Key use cases for these trials include payments, foreign exchange (FX), and securities transactions.

SWIFT 80

SWIFT Transactions Settlement Use Case 80

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. We’re excited to be part of a truly pioneering initiative that will hopefully inform other future innovations.”

Payment APIs and Integration 137

Payment APIs and Integration Blockchain Finance Digital Payments 137

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. The first available use is for proximity-based person-to-person (P2P) payments.

Instant Payments 97

Instant Payments Online and Mobile Banking Processors Payments 97

The Fintech Times

MAY 31, 2024

However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. One innovation I see is the use of innovative technology to secure transfers of stablecoins and provide verification of the stablecoin’s reserve backing.

Stablecoins 49

Stablecoins Innovation Cross-Border Issuers 49

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.

CBDC 105

CBDC Transactions Payment APIs and Integration Cross-Border 105

Fintech Finance

OCTOBER 16, 2024

Since February, Swift has been working with leading global financial institutions to explore how federated learning, combined with privacy-enhancing technologies, could enable market participants to share information without revealing their proprietary data.

Cross-Border Payments 93

Cross-Border Payments Cross-Border SWIFT AI 93

Fintech Finance

SEPTEMBER 17, 2024

Across the use cases explored, a number of potential benefits were discovered, including reducing fraud, improving efficiency in the process of home buying and reducing the cost of failed payments in the UK. New functionality, such as programmable payments and locking/unlocking of funds, was demonstrated across a range of use cases.

Regulations 87

Regulations Finance Settlement Legal 87

The Fintech Times

MAY 21, 2024

However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. However, in the last couple of years, behind the scenes, some developers have continued to bet on the technology for other use cases.

NFTs 145

NFTs Use Case Non-Bank Facilitators 145

PYMNTS

MARCH 11, 2020

Below, PYMNTS rounds up the latest in commercial card innovation. The Series B+ investment was led by Eight Roads, Ribbit Capital and Glade Brook Capital, while BitRock Capital and existing backers also participated. QuickBooks Adds Card Payment Support.

Use Case 52

Use Case B2B Commercial Card Cross-Border 52

Fintech Finance

JUNE 17, 2024

Mastercard’s global network and innovative digital solutions, paired with Thought Machine’s next-generation core banking and payments platform, can enable financial institutions to accelerate the transition from legacy core banking and payment technologies to cloud-native ones and provide their customers with efficient, seamless banking experiences.

Visa 93

Visa Non-Bank Debit Card Payments 93

PYMNTS

MARCH 19, 2020

The current climate of innovators appears to be up for the challenge, however. Whether innovators develop new payment rails or create solutions that wield existing ones, they must take an ecosystem approach to easing friction. Accelerating Ecosystem Innovation. “It’s just so inefficient.

Cross-Border 95

Cross-Border B2B Innovation Payments 95

The Fintech Times

OCTOBER 25, 2024

.” Although 79 per cent of surveyed banks believe CVRP will benefit their account holders and the UK payments ecosystem, only 32 per cent expect to support CVRP for low-risk use cases in 2025, and just 26 per cent for e-commerce use cases.

Use Case 59

Use Case Debit Card Participant Consumer Protection 59

The Fintech Times

OCTOBER 11, 2024

The VTAP solution is available on the Visa Developer Platform for participating financial institution partners, to create and experiment with their own fiat-backed tokens in a VTAP sandbox. This is available in a test environment with plans to support live programmes in 2025 and when participating banks are ready to launch with end customers.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Near Real-Time Participant 52

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. 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 95

CBDC SWIFT Interoperability Settlement 95

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.

APACS 112

APACS FinTech Participant ISO 20022 112

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.

CBDC 108

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 108

Faster Payments Council

AUGUST 23, 2024

This session will provide a comprehensive analysis of key industry metrics, highlight opportunities for innovation, and offer strategic guidance to navigate the evolving landscape of payments. It's time to confront the harsh reality—innovation alone doesn't drive broad adoption. What are the pros and cons?

FPC 167

FPC ISO 20022 Federal Reserve Instant Payments 167

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.

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

The Fintech Times

AUGUST 19, 2024

This will enable users to pursue various digital asset use cases. Furthermore, it will allow banks to participate in the virtual asset economy. Bitpanda Technology Solutions is fully modular, enabling us to tailor products to our partners’ needs. This partnership exemplifies the importance of that flexibility.

Technology 59

Technology Central Bank Use Case Participant 59

PYMNTS

MAY 16, 2019

That provides a rough idea of some of the motivation behind Mastercard ’s latest effort in payments and commerce innovation — an effort described in depth in a new PYMNTS interview between Karen Webster and Amnah Ajmal, Mastercard’s executive vice president of core products. Not Just A Number. FinTech Role.

Visa 68

Visa Innovation Issuers Payments 68

Fintech Finance

OCTOBER 30, 2024

As part of Fnality’s vision to develop a regulated FMI that addresses a variety of pain points across the financial market, these successfully settled margin transfers are a first step in exploring the potential use of £FnPS for cleared margin payments in the future, subject to further regulatory analysis.

Distributed Ledger Technology (DLT) 78

Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments 78

The Fintech Times

FEBRUARY 24, 2024

It has entered the official register to become one of the first participants of the European Payments Council ’s newly launched SPAA scheme. Having played a key role in shaping SPAA to this point, it’s brilliant to be among the first participants to join the scheme,” said Andrew Boyajian, Tink’s VP of payments and customer experience.

Payment APIs and Integration 64

Payment APIs and Integration Payments Real Time Payments Participant 64

The Fintech Times

FEBRUARY 29, 2024

By bridging the XRPL with Axelar’s network ecosystem of interconnected blockchains, this initiative broadens the scope of interoperability, enabling the XRPL to tap into new ecosystems and drive forward multi-chain innovation. XRPL adds a powerhouse of DeFi and RWA innovation into the growing Axelar ecosystem.

Interoperability 133

Interoperability Blockchain Payment APIs and Integration Risk Mitigation 133

Fintech News

JUNE 19, 2024

This means that unlike a lot of digital assets, whose practical applications might not be known for some time (if ever), stablecoins have begun to show demonstrable real-world use cases. Tianwei acknowledges these concerns, but points out that the open-source nature of public blockchain technology can actually enhance security.

Stablecoins 94

Stablecoins Cross-Border Cross-Border Payments Blockchain 94

Fintech Review

AUGUST 27, 2024

This connectivity enhances the functionality and utility of blockchain networks, promoting broader adoption and innovation. Additionally, Polkadot supports on-chain governance, allowing stakeholders to participate in decision-making processes and adapt the network to evolving needs. Interoperability is vital for several reasons.

Interoperability 105

Interoperability Blockchain Facilitators Innovation 105

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.

CBDC 97

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 97

PYMNTS

MAY 24, 2019

As the sharing economy grows, more customers are participating in clothing rental models and the features and functions they want are changing fast. This might attract customers, but retaining them requires constant innovation. Maintaining that level of flexibility as the platform expands will be critical to its success. Johnson said.

Innovation 53

Innovation AI Rules Use Case 53