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. DBS Treasury Tokens aim to address the needs of large corporations like Ant International, which operate across multiple markets.

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Treasury Blockchain Cross-Border Payments Multi-Currency 83

The Fintech Times

DECEMBER 6, 2023

RTGS.global, a settlement company focused on enhancing cross-border payments, is celebrating a significant milestone with the successful completion of an inaugural instant settlement cross-border transaction via its global network.

Cross-Border Settlement 59

Cross-Border Settlement Cross-Border Settlement Cross-Border Payments 59

Fintech Finance

OCTOBER 30, 2024

Following Adhara’s parallel simulation, participants will also have the opportunity to engage with its MarginBloc solution. Edward Budd, Co-Founder of Adhara, said: “Managing these margin payments for uncleared transactions has allowed us to see first-hand the benefits that can be brought to participants.

Distributed Ledger Technology (DLT) 96

Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments 96

Fintech Finance

JULY 15, 2024

The two sides also agreed to work together to strengthen WorldFirst’s participation in the Single Euro Payments Area (SEPA) scheme. BNP Paribas will sponsor WorldFirst’s participation in the SEPA scheme, allowing WorldFirst to leverage the bank’s expertise and products to expedite its integration and onboarding onto SEPA.

Cross-Border Payments 96

Cross-Border Payments Cross-Border Treasury Management Treasury 96

PYMNTS

OCTOBER 12, 2020

As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function). Looking Toward Interoperability And Scale . The Timeframe .

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Instant Payments FedNow Fed Interoperability 97

PYMNTS

NOVEMBER 14, 2018

What does that mean for liquidity? “One of the difficulties currently is that motivation amongst some industry participants [to adopt real-time liquidity] is relatively limited,” Deutsche Bank noted. This adoption curve is likely to repeat itself in a real-time payments environment, the report predicted.

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Real Time Payments Real Time Gross Settlement (RTGS) Liquidity Management Same Day ACH 78

The Fintech Times

JULY 15, 2024

The two organisations have agreed to work together to strengthen WorldFirst’s participation in the Single Euro Payments Area ( SEPA ) scheme. BNP Paribas will sponsor WorldFirst’s participation in the SEPA scheme, enabling WorldFirst to leverage the bank’s expertise and products to expedite its integration and onboarding onto SEPA.

Cross-Border Payments 49

Cross-Border Payments Cross-Border Payment Solutions Treasury Management 49

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.

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FedNow Federal Reserve Liquidity Management Instant Payments 52

Finovate

JULY 26, 2024

Valor Capital Group and Jump Trading Group also participated as new investors along with existing shareholders J.P. Founded in 2021, the Singapore-based company offers banks unified, ledger-based interbank rails for real-time clearing and settlement. Morgan, Standard Chartered, and Temasek.

AI 72

AI Cross-Border Payment APIs and Integration Multi-Currency 72

PYMNTS

DECEMBER 3, 2019

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.

Funding Agent 52

Funding Agent Credit Union RTP Real Time Payments 52

Faster Payments Council

MARCH 30, 2022

Financial institutions require 24/7 connectivity, real-time settlement and liquidity management, customer interfaces, and fraud mitigation tools to prepare their underlying systems for instant payments. These 30-min breakout sessions will run three times with a 10-min break between each.

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FPC Faster Payments Cross-Border Financial Inclusion 88

PYMNTS

APRIL 15, 2020

While China continues to slowly open up its financial services market to foreign participants to drive competition in areas like mobile payments and banking, when it comes to B2B payments, the market remains dominated by Chinese traditional banks. It’s not without its drawbacks, however.

Correspondent Bank 76

Correspondent Bank Correspondent Cross-Border B2B 76

The Fintech Times

JULY 24, 2024

Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management. RTP, on the other hand, is interoperable which allows third-party apps like Zelle to access and build products on.

FedNow 59

FedNow Instant Payments RTP Federal Reserve 59

Segpay

JUNE 25, 2024

Transaction Settlement : The PSP or intermediary ensures that the funds are settled between the customer’s and merchant’s banks, typically through the banking system’s clearing and settlement processes. Faster Settlement : Pay by Bank transactions often offer real-time or near-real-time settlement.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

Faster Payments Council

SEPTEMBER 23, 2023

Participating organizations will share insights gained and how they will implement these standards to catalyze instant payments adoption with a streamlined RFP customer experience. Cash Management: A Challenge for Real-Time Payments (Foundry Ballroom) Managing unpredictable cash flows for real-time 24x7x365 payments is critical.

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FPC Federal Reserve RFP Faster Payments 88

Clearly Payments

AUGUST 1, 2024

This trend is supported by the development of infrastructures like the Single Euro Payments Area (SEPA) Instant Credit Transfer scheme, which allows euro transactions to be processed within seconds across participating countries.

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Process Online and Mobile Banking Fraud Prevention Payments 52

The Fintech Times

NOVEMBER 6, 2024

It revealed that it will first roll out the service in Singapore, where Visa cardholders from participating banks, including DBS , OCBC , and UOB , will be part of the pilot programme. “Based on our biometrics study, close to seven in 10 Singapore consumers see this as a secure way to pay.

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

PYMNTS

SEPTEMBER 26, 2019

However, progress remains slow, not least of all because the stakes can be high: With so many financial institutions participating in a consortium or pilot, inter-functionality becomes more complex, while the demand to manage many (sometimes differing) end-user demands also adds complication. Frazier offered the example of a U.S.

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Blockchain Cross-Border Cross-Border Payments Liquidity Management 61