Fintech Finance

AUGUST 14, 2024

DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquidity management solution, in collaboration with Ant International. This greatly enhances extensibility and interoperability with multiple industry payment infrastructures that DBS is involved in.

Liquidity Management 98

Liquidity Management Treasury Multi-Currency Cross-Border Payments 98

Fintech News

AUGUST 12, 2024

DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquidity management, in collaboration with Ant International.

Treasury 95

Treasury Blockchain Cross-Border Payments Multi-Currency 95

Fintech News

DECEMBER 11, 2023

The first being the indirect model, where commercial banks manage CBDC wallets and settlements directly on the UDPN, while the central bank handles wholesale settlement between commercial banks and keeps all transaction records. The indirect model featured an on-chain DLT-based solution developed by UDPN engineers.

CBDC 109

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 109

Fintech News

JULY 14, 2024

Partior, a fintech known for its global unified ledger based interbank rails for real-time clearing and settlement, has announced the first close of an over US$60 million Series B funding round led by Peak XV Partners, with participation from Valor Capital Group and Jump Trading Group as new investors. Existing shareholders J.P.

Cross-Border 106

Cross-Border Correspondent Bank Multi-Currency Settlement 106

Finovate

OCTOBER 16, 2024

Of the FedNow participants, 78% are community banks and credit unions. There are a handful of reasons why firms might be hesitant to participate in FedNow. Additionally, banks may be holding back because of the fees that come with participating in FedNow. The Fed also charges a liquidity management fee of $1 per transfer.

FedNow 59

FedNow Instant Payments Disputes Federal Reserve 59

Payment Savvy

MAY 15, 2023

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.

FedNow 52

FedNow Federal Reserve Liquidity Management Instant Payments 52

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.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97