Fintech Review

SEPTEMBER 17, 2024

Integrating native USDC and CCTP enhances Sui’s utility, security and interoperability for users and developers, with the intent of bringing more liquidity to the network, streamlining transactions, and improving market efficiency across the ecosystem.

Stablecoins 52

Stablecoins Blockchain Interoperability Caps 52

Fintech News

APRIL 7, 2024

The stablecoin aims to improve the customer experience in payments and represents a significant use case in emerging markets for stablecoin disbursements. This move is also monumental for the XRP Ledger community, driving more use cases, liquidity and opportunities for developers and users.”

Stablecoins 104

Stablecoins Use Case Blockchain Regulatory Compliance 104

Fintech Finance

AUGUST 14, 2024

We have already seen successful use cases on our Whale platform in areas such as instant tax refund services and SME cross-border payments, and we will continue working together with industry partners and leveraging blockchain technology to enable more open and inclusive cross-border payments.”

Liquidity Management 98

Liquidity Management Treasury Multi-Currency Cross-Border Payments 98

The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. It has now completed its first experiment using DLT, giving the monetary authority a glimpse into the potential merits of the tech.

Central Bank 75

Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

Fintech News

MAY 27, 2024

Trialed Digital Tenge use cases include wholesale cross-border CBDC transactions with the Hong Kong Monetary Authority, CBDC vouchers for school meals, smart contracts designed to safeguard public funds allocated for road construction, and Digital Tenge stablecoins on the Binance cryptocurrency exchange.

CBDC 107

CBDC Transactions Payment APIs and Integration Cross-Border 107

PYMNTS

DECEMBER 18, 2017

“If I send you a message, there is all kinds of interoperability happening in the background that is moving the data from one network to another and one platform to another. If I bring that back to payments, say I want to use a card product on a specific network. Integrations Vs. Interoperability.

Interoperability 47

Interoperability Payments Payee Bitcoin 47

PYMNTS

OCTOBER 15, 2020

That’s strong growth for something that is a mature payment product,” said Larimer. Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a use case “that’s going to tip the scale here.” Interoperability In Focus .

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

The Fintech Times

JUNE 8, 2024

Rajat Mishra , COO at Onafriq , commented: “By leveraging VGS’s best-in-class technology and combining it with Onafriq’s unique expertise around payment interoperability, we are confident that we can drive meaningful impact and shape the future of fintech across MEA.”

Security 64

Security FinTech Credential Interoperability 64

The Fintech Times

APRIL 5, 2024

“Institutions entering this space are finding success by partnering with compliant, crypto-native players and Ripple’s track record and resiliency speaks for itself, as we launch new products and acquire companies through multiple market cycles. There is demand from Ripple’s customers in emerging markets to enable stablecoin payouts.

Stablecoins 64

Stablecoins Use Case Blockchain On-Demand 64

The Fintech Times

MAY 7, 2024

Corporate use cases – the biggest opportunity for US banks – are being left on the table opening the door to first moves and fintechs to grab market share.” Banks that lead instant payments and overlay services will gather greater market share as US companies apply these tools to productivity and growth.”

Instant Payments 59

Instant Payments FedNow RTP Zelle 59

PYMNTS

AUGUST 21, 2020

And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. It’s not about going to production.” Interoperability Is Key. To get there, interoperability is key, said Cunha. Digital dollars are a maybe – but if so, not for a while.

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

Faster Payments Council

FEBRUARY 2, 2022

The FPC conducted the latest survey of payments system stakeholders to gauge progress and perceptions around faster payments, trends, use cases, and challenges in the United States. Many respondents also reminded us that we have not reached an ideal state with the need for interoperability again perceived as key to success."

Faster Payments 68

Faster Payments FPC Interoperability Cross-Border 68

Faster Payments Council

NOVEMBER 3, 2019

Collaboration with Glenbrook Partners Uncovers Key Industry Views on Faster Payments Advancements; Need for Ubiquity, Interoperability, Strong Dispute Resolution The U.S. Industry Support for Interoperability Survey respondents were asked how important it is to achieve interoperability across compatible faster payments systems in the U.S.

Faster Payments 68

Faster Payments FPC Interoperability Payments 68

Fintech Finance

JUNE 3, 2024

Moreover, VGS and Onafriq are committed to exploring opportunities for product co-development and expanding the scope of payment acceptance use cases throughout Africa and the Middle East.

Innovation 52

Innovation FinTech Security Credential 52

The Fintech Times

MARCH 20, 2024

in key cities and use cases. The PBOC will work with relevant parties, further develop payment use cases, and coordinate efforts to address any shortcomings and weaknesses. It will direct CNY 3 billion to focus on acceptance terminal upgrades, signage placement and publicity, etc.

Use Case 59

Use Case Online and Mobile Banking Governance Government 59

PYMNTS

OCTOBER 12, 2020

These comment letters highlighted the need for features to address accessibility, interoperability, security, liquidity, and fraud prevention,” Montgomery said. Looking Toward Interoperability And Scale . Interoperability is a core component” of FedNow, said Montgomery.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

JANUARY 22, 2019

Financial Innovation Now (FIN) submitted a public letter in December, contending that the Fed was best-positioned to operate a ubiquitous, interoperable real-time payments network. 3: The almost across-the-board price point for products at Brandless, which recently rolled out a subscription service. DBI) in 2018.

Faster Payments 66

Faster Payments Real Time Payments Ubiquitous Debit Card 66

Stax

APRIL 18, 2024

TL;DR ISVs develop and distribute software products independently and often collaborate with hardware manufacturers and platform providers. ISVs, or Independent Software Vendors, are businesses that develop and distribute software products to end-users. This unsurprisingly has driven the SaaS industry to a 232 billion US dollar growth.

ISVS 88

ISVS Payment APIs and Integration End User On-Demand 88

PYMNTS

MARCH 17, 2020

In an interview with Karen Webster, Philipp Pointner, chief product officer at Jumio , said the coronavirus may hasten a shift from paper and plastic documents toward digital ID verification. And then,” Pointner told Webster, “you have the overarching, strategic developments of digital identities that can be interoperable.”.

Authentication 86

Authentication Verification Interoperability Cross-Border 86

Faster Payments Council

SEPTEMBER 23, 2023

Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. Thise session envisions the art of the possible for commerce use cases in the U.S. The US does not lack directory capability – we have an overabundance of it!

FPC 88

FPC RFP Federal Reserve Faster Payments 88

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. Project Orchid, and the 1st use of purpose bound money, in partnership with Grab.

Stablecoins 97

Stablecoins Cross-Border Cross-Border Payments Blockchain 97

PYMNTS

NOVEMBER 5, 2019

Faster Payments Council revealed the payments industry’s demand for interoperability as well as value-added services and features in any new, faster payments service that emerges, including the Federal Reserve’s FedNow service. Faster Payments Interoperability is a Must. A new report from the U.S. On Monday (Nov. 4), the U.S.

Interoperability 40

Interoperability Faster Payments FedNow ACH 40

PYMNTS

NOVEMBER 26, 2019

Source-to-pay solution provider Basware now offers its business automation resources on the SAP App Center , the digital marketplace for systems applications and product (SAP) partner offerings, Basware announced on Tuesday (Nov. The prototype uses SAP’s Payment Engine application to initiate, process, clear and settle transactions.

Real Time Gross Settlement (RTGS) 60

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement Blockchain 60

PYMNTS

AUGUST 10, 2020

Waiting for the Fed — and its promise of interoperability, which requires participation from the private sector — is akin to playing the (very) long game. Expanding The Use Cases. Waterhouse said that getting banks to sign on is about showing them the relevant use cases that will drive revenue and even new customer acquisition.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

Faster Payments Council

FEBRUARY 18, 2021

The Real-Time Recurring Work Group will promote the development and adoption of real-time recurring payment solutions to be used by business end users and financial institutions. The list of use cases for real-time recurring payments has grown substantially in recent years.

Financial Inclusion 68

Financial Inclusion Faster Payments FPC Cross-Border Payments 68

Faster Payments Council

SEPTEMBER 12, 2022

Money movement within the market for legal cannabis products must move to the traditional banking system as a matter of safety, equity and inclusion. How can we look to this rapidly growing business for new use cases for instant payments? What will this look like in the coming years? What will this look like in the coming years?

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

PYMNTS

NOVEMBER 27, 2019

According to Tom Halpin, head of payment products at HSBC , faster and real-time payment services don’t only provide the value of speed for corporate clients, especially in the context of cross-border transactions. A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

Faster Payments Council

JULY 21, 2020

Results from the survey indicated that bill pay ranked as one of the top three use cases for both FIs and businesses with nearly 60% of respondents indicating it as a top priority. Given these findings, the FPC and Glenbrook positioned bill pay as the subject for a second round of qualitative research.

Faster Payments 68

Faster Payments FPC Research Consumer 68

PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). It isn’t real-time, but it seems good enough for a lot of use cases.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

DECEMBER 12, 2019

There are some really strong use cases [of real-time payments] that could address inefficiencies in government payments, if you look at it from a perspective of what the government could get done in areas like tax payments and disbursements like social security,” said Killam. “You What’s especially noteworthy in the current U.S.

RTP 72

RTP Real Time Payments Faster Payments Cross-Border 72

Nanonets

MARCH 13, 2024

Some prominent use cases for OCR for invoices include: Retail : Retailers deal with a high volume of invoices from suppliers for products, services, and operational expenses. This interoperability enhances workflow efficiency by allowing smooth data exchange between the OCR solution and other essential business tools.

Payment APIs and Integration 52

Payment APIs and Integration Automation API Use Case 52

The Fintech Times

APRIL 11, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. “The modularity, interoperability and seamless integration of BaaS have also proven to be powerful drivers of innovation in sectors beyond banking.

Embedded Finance 75

Embedded Finance Non-Bank Online and Mobile Banking Financial Inclusion 75

The Fintech Times

MARCH 5, 2024

Yabx is an AI-based banking platform enabling banks, financial service providers, payment providers, telecom networks, retailers and other networks in emerging markets to offer tailored credit products to their end customers. This business case was also awarded the Best BNPL solution at Finovate in 2023.

Financial Literacy 64

Financial Literacy Financial Inclusion Underserved FinTech 64

PYMNTS

AUGUST 31, 2020

“In our recent surveys, we’ve found that there are a lot of businesses that believe they offer choice in disbursements, yet their customers don't share that opinion,” Ingo Money Executive Vice President and Chief Product Officer Lisa McFarland told PYMNTS. Underestimating Real-Time Requirements. That’s changing.

Payee 60

Payee Cross-Border Instant Payments Push-to-Card 60

Fintech News

AUGUST 23, 2024

The Fintech Revolution Summit will feature a range of activities, including 1:1 buyer meetings, keynote speeches, panel discussions, and product showcases. Participants will discuss key themes such as digital banking, payment gateways, open banking, blockchain, artificial intelligence (AI), and more.

APACS 114

APACS FinTech Participant ISO 20022 114

PYMNTS

DECEMBER 10, 2018

For Visa Global Head of Payments Products and Platforms TS Anil, it’s been a year in which many big steps have been taken on the journey toward giving merchants something that has made checking out in the store a safe, standard and interoperable checkout experience.

Credential 72

Credential Interoperability Security Checks 72

PYMNTS

DECEMBER 7, 2017

Typically, financial institutions (FIs) are a tougher sell than end users when it comes to new money-moving products. Often, different FIs have different opinions about which products and solutions will best serve their customers, leading to a fragmented ecosystem and keeping any one solution from reaching the payments holy grail of ubiquity.

Irrevocability 40

Irrevocability Payment APIs and Integration P2P Online and Mobile Banking 40