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 108

Cross-Border Correspondent Bank Multi-Currency Settlement 108

Fintech News

OCTOBER 20, 2024

The new services allow for 24/7 real-time settlement of payments and utilise smart contracts to increase security and transparency. These tokens are designed to streamline liquidity management within companies operating across multiple markets, rather than just cross-border transactions.

Blockchain 116

Blockchain Innovation Liquidity Management Multi-Currency 116

The Fintech Times

AUGUST 28, 2024

Through the project , HKMA explores financial market infrastructure that facilitates seamless interbank settlement of tokenised money through a wCBDC. Having completed building the sandbox, HKMA will use it to facilitate interbank settlement using experimental tokenised money, focusing on transactions involving these tokenised assets.

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Interbank Settlement CBDC Settlement Use Case 134

Fintech Finance

JULY 12, 2024

Not only are they considered superior to traditional methods because of their speed, but these services are typically available 24/7, reduce transaction costs, and ease liquidity management for businesses. The push for digitalization of consumer payment methods will be key in driving down costs and improving transfer speeds.”

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Cross-Border Real Time Payments Cross-Border Payments Cross-Border Settlement 140

Finextra

AUGUST 22, 2024

Baton Systems, a global capital markets tech provider orchestrating the optimised settlement of $20-30 billion (USD) in asset value daily, has introduced new treasury management tools designed to optimise intraday liquidity, reduce costly buffers, and mitigate risk in real-time.

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Liquidity Management Treasury Management Treasury Mitigation 52

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.

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

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 PoC explored two models.

CBDC 112

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 112

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 84

Fintech Finance

NOVEMBER 20, 2024

Settlement and FX solutions for Wirex: Facilitating smoother, real-time payment flows within Wirex’s expanding collaboration network. Liquidity management facilities: Ensuring the scalability and resilience of Wirex’s financial services as it grows its ecosystem globally.

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Liquidity Management Faster Payments Real Time Payments Digital Currency 98

PYMNTS

DECEMBER 17, 2019

Integrated settlements within accounts payable and accounts receivable, integrated banking, charge cards with data automatically linked to an accounting portal, the addition of invoice factoring capabilities – all of these are financial services and products that now have the potential to exist within a unified platform, thanks to open banking. .

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Liquidity Management API Cross-Border Payments Payment APIs and Integration 52

The Paypers

MARCH 21, 2023

The European Central Bank has announced the launch of the new real-time gross settlement (RTGS) system and central liquidity management.

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Real Time Gross Settlement (RTGS) Liquidity Management Central Bank Settlement 68

Tearsheet

FEBRUARY 16, 2024

For businesses, it enhances value by simplifying payments for customers, enabling faster wage disbursements, improving liquidity management, and optimizing capital workflows. For governments, it helps activate local economies through disbursement and settlement. Chiro Aikat: It all comes down to choice.

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Instant Payments RTP Visa TCH 119

Fintech Finance

DECEMBER 9, 2024

In line with G20’s commitment to lower cross-border payment costs via technology innovation, Platform Tech developed a world-leading Time-Series Transformer AI FX Model to help multi-national merchants in airline, e-commerce and other sectors to improve treasury management efficiency and reduce cost.

Embedded Finance 98

Embedded Finance Cross-Border AI Cross-Border Settlement 98

PYMNTS

JANUARY 23, 2020

But in a recent conversation with PYMNTS, Planixs Financial Services Director Pete McIntyre said the drive toward real-time payments – and real-time liquidity management – is not only a difficult achievement, but one that introduces new challenges for treasurers of financial institutions. ”

Liquidity Management 96

Liquidity Management Real Time Payments Treasury FedWire 96

Fintech Finance

OCTOBER 30, 2024

MarginBloc unlocks new options for intraday margining processes and the potential benefits of digital assets as a clearing product by streamlining and reimagining the cash settlement process for cleared and uncleared initial and variation margin transactions.

Distributed Ledger Technology (DLT) 96

Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments 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). The Timeframe . Digital Dollars, Too? .

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Instant Payments FedNow Fed Interoperability 97

The Fintech Times

SEPTEMBER 4, 2024

Looking to free organisations from these shackles and enable faster, more seamless cross-border transactions, RTGS.global , the real-time cross-border settlement solutions, launched its instant atomic settlement solution which is now being rolled out in Bahrain.

Cross-Border Settlement 59

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

Fintech Finance

JULY 15, 2024

In addition, BNP Paribas will explore innovations in tokenised deposits for global treasury management with Ant International, through the latter’s Whale platform. The collaboration aims to improve the efficiency and speed of global fund settlements through the use of tokenised deposits.

Cross-Border Payments 96

Cross-Border Payments Cross-Border Treasury Management Treasury 96

PYMNTS

NOVEMBER 14, 2018

“While there might still be less use of liquidity at night and over the weekend, payment service providers will not want to set all their available liquidity aside for real-time payment services.”

Real Time Payments 78

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

Finovate

OCTOBER 21, 2024

Move Commercial Payments offers features like liquidity management, integration with existing SWIFT systems, and helps to reduce counterparty risk. However, many businesses still struggle with cross-border payments, frustrated by hidden costs and unpredictable settlement speed.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa FedNow 59

Fintech Finance

OCTOBER 29, 2024

William Kent, Executive Business Head at Standard Bank highlighted that this initiative, which will soon expand across 18 additional African countries, seamlessly integrates with the bank’s existing legacy systems, managing over 50 clearing and settlement systems, and ensuring both operational continuity and scalability. “Our

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ISO 20022 Payment APIs and Integration Technology Cross-Border 92

Finovate

NOVEMBER 7, 2024

Nium has partnered with Partior, a blockchain-based fintech for clearing and settlement. The move makes Nium the first payment service provider to join Partior’s blockchain-based network, enabling real-time cross-border payments, clearing, and settlement across 100+ markets.

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Real Time Payments Cross-Border Payments Cross-Border Payment APIs and Integration 52

PYMNTS

MAY 29, 2019

DBS Bank is focusing on helping merchants to get their revenues without a settlement wait. Deep Dive: Real-Time Payments’ Impact on Liquidity Management. This month’s Deep Dive examines how real-time payments impact liquidity management, and how treasurers can adjust to operate successfully in this new landscape.

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ISO 20022 Liquidity Management Real Time Payments Cross-Border 55

PYMNTS

FEBRUARY 4, 2019

The new rail facilitates 24/7 payment clearing and settlement in real time. The system would facilitate 24/7 year-round interbank settlements of faster payments and also provide a liquidity management tool to support transfers between Federal Reserve accounts. The Federal Approach. Dissenting Views.

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Faster Payments Federal Reserve Real Time Payments TCH 73

Finovate

JULY 26, 2024

Founded in 2021, the Singapore-based company offers banks unified, ledger-based interbank rails for real-time clearing and settlement. Partior’s 24/7 blockchain network works with real-time local currency payment and RTGS systems globally and facilitates direct and indirect settlement flows with market participants.

AI 72

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

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

The Fintech Times

JULY 15, 2024

Additionally, we are keen to foster innovation with such a key player to develop tomorrow’s treasury management standards.” ” Enhancing global fund settlements BNP Paribas will also explore innovations in tokenised deposits for global treasury management, through Ant International’s ‘Whale’ platform.

Cross-Border Payments 49

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

PYMNTS

OCTOBER 18, 2020

The new SIBS arrangement is possible, SIBS said, because SIBS has been connected to the TARGET Instant Payment Settlement, the system launched in November 2018 that allows European banks to make instant payments between each other. If they have a big order and need to be paid immediately, it could come in that way [through instant payments].

Instant Payments 67

Instant Payments Federal Reserve FedNow Payments 67

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

PYMNTS

OCTOBER 1, 2019

However, the banks that have been and will be successful are the ones that see faster payments as the “new normal” for payments, clearing and settlement — and with the “new normal” comes new ways to do everything, from account-to-account payments to transfers across borders.

ISO 20022 69

ISO 20022 Faster Payments FedNow ISOs 69

PYMNTS

JANUARY 23, 2020

With immediate settlement, funds can be cashed out in seconds and businesses will see advanced processing, fraud reduction and more. “In The acceleration of the movement of money is likely to have significant implications for how organizations of all kinds – particularly banks and financial institutions manage liquidity.

Real Time Payments 56

Real Time Payments RTP TCH Payments 56

Fintech Finance

JANUARY 24, 2024

For businesses, RTP enhances value by simplifying payments for customers, enabling faster wage disbursements, improving liquidity management, and optimizing capital workflows, and for governments, it helps activate local economies through disbursement and settlement.

Real Time Payments 52

Real Time Payments RTP Visa Instant Payments 52

PYMNTS

APRIL 15, 2020

For foreign payment service providers looking to facilitate cross-border B2B payments into China, the correspondent banking model often remains the only route to facilitate clearing and settlement. It’s not without its drawbacks, however.

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Correspondent Bank Correspondent Cross-Border B2B 76

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.

FPC 88

FPC Faster Payments Cross-Border Financial Inclusion 88

PYMNTS

JULY 26, 2019

Earlier this year it was one of six financial institutions in the country to signed up for gpi , while the bank also recently implemented Europe’s TARGET Instant Payment Settlement (TIPS), while embracing regulations and trends like General Data Protection Regulation (GDPR) and Open Banking.

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Cross-Border Payments Cross-Border Innovation Correspondent Bank 64

PYMNTS

JANUARY 25, 2019

Federal support could also come from a proposed real-time liquidity management tool. Richardson said this mechanism could help FIs to offer 24/7 year-round instant payments by ensuring that they have sufficient Fed account funds for around-the-clock settlement.

Real Time Payments 67

Real Time Payments Federal Reserve RTP TCH 67

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.

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Online and Mobile Banking Payments Settlement Transactions 52