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This solution leverages blockchain technology, including advanced encryption and AI, to enhance the efficiency and transparency of fund movements for improved global liquiditymanagement. This achievement builds on a recent successful test settlement of a Hong Kong dollar (HKD)-denominated transaction between the two companies.
The $10 million inter-company liquiditymanagement payment, from a leading, global transfer agent, Computershare, to an account at another financial institution, marks a significant milestone in the evolution of instant payments, unlocking new opportunities for businesses to move money faster, optimize cash flow, and streamline financial operations.
DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquiditymanagement solution, in collaboration with Ant International. DBS Treasury Tokens enables Ant International to reduce the settlement of intra-group transactions from potentially days to seconds.
Additionally, integrated settlement and liquiditymanagement solutions, overseen by the Central Bank as the clearing and settlement agent, provide real-time net position updates and multiple settlement cycles, while a national QR payment standard known now as “SOMQR” enables fast contactless transactions with a simple scan.
By integrating with RTGS.global’s instant settlement infrastructure, TransferMate will deliver seamless, real-time international payments for RTGS.global’s business customers, reducing reliance on traditional banking intermediaries and eliminating the risk associated with moving money cross-border.
The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). KEPSS, which is Kenya’s Real-Time Gross Settlement (RTGS) system, is operated by CBK to process large-value and time-critical payments.
As the first tokenized RWA integrated into the MTN, Ondo’s Short-Term US Government Treasuries Fund (OUSG) will allow participating businesses to earn daily yield via tokenized assets with 24/7 subscriptions and redemptions, without the need for stablecoins onramps or settlement windows.
Additionally, integrated settlement and liquiditymanagement solutions, overseen by the Central Bank as the clearing and settlement agent, provide real-time net position updates and multiple settlement cycles, while a national QR payment standard known now as “SOMQR” enables fast contactless transactions with a simple scan.
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.
Nium, a global payments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. Partior’s platform addresses key inefficiencies in global payments by cutting settlement times, lowering costs, and improving transparency.
Additionally, integrated settlement and liquiditymanagement solutions, overseen by the central bank as the clearing and settlement agent, provide real-time net position updates and multiple settlement cycles, while a national QR payment standard known now as ‘SOMQR’ enables fast contactless transactions with a simple scan.
RTGS.global , the next generation settlement company revolutionising cross-border payments, has today announced the launch of a unique solution for Payment Service Providers (PSPs) that will enable them to offer cheaper and faster international payments to their retail and corporate customers.
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.
As part of its continued expansion, Nium’s partnership with Partior enhances its ability to facilitate frictionless global transactions and unlock new services such as intra-day FX swaps, cross-currency repos, programmable enterprise liquiditymanagement, and multi-bank payments for financial institutions.
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 liquiditymanagement within companies operating across multiple markets, rather than just cross-border transactions.
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.
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 liquiditymanagement for businesses. The push for digitalization of consumer payment methods will be key in driving down costs and improving transfer speeds.”
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.
DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquiditymanagement, in collaboration with Ant International. DBS Treasury Tokens aim to address the needs of large corporations like Ant International, which operate across multiple markets.
Matt Barclay , chief revenue officer at BVNK, also said: “FDUSD resonates deeply with the needs of businesses globally, where cross-border payments and liquiditymanagement are critical. Together, were not just scaling adoption of FDUSD but also empowering businesses to operate seamlessly across diverse financial ecosystems.”
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.
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.
Settlement and FX solutions for Wirex: Facilitating smoother, real-time payment flows within Wirex’s expanding collaboration network. Liquiditymanagement facilities: Ensuring the scalability and resilience of Wirex’s financial services as it grows its ecosystem globally.
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. .
For businesses, it enhances value by simplifying payments for customers, enabling faster wage disbursements, improving liquiditymanagement, and optimizing capital workflows. For governments, it helps activate local economies through disbursement and settlement. Chiro Aikat: It all comes down to choice.
But in a recent conversation with PYMNTS, Planixs Financial Services Director Pete McIntyre said the drive toward real-time payments – and real-time liquiditymanagement – is not only a difficult achievement, but one that introduces new challenges for treasurers of financial institutions. ”
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.
As Canada gears up to launch its real-time payments system, the Real-Time Rail (RTR), Payments Canada , the entity at the head of the initiative, has announced that Mastercard -owned Vocalink has been chosen as the clearing and settlement solution provider for the new payment rail. Volante Explores the Real-Time B2B Value Prop.
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? .
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.
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.
“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.”
Move Commercial Payments offers features like liquiditymanagement, 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.
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
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.
DBS Bank is focusing on helping merchants to get their revenues without a settlement wait. Deep Dive: Real-Time Payments’ Impact on LiquidityManagement. This month’s Deep Dive examines how real-time payments impact liquiditymanagement, and how treasurers can adjust to operate successfully in this new landscape.
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 liquiditymanagement tool to support transfers between Federal Reserve accounts. The Federal Approach. Dissenting Views.
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.
LiquidityManagement Tool To manageliquidity in this system, the FedNow service will offer a liquiditymanagement tool. Cost efficiency: A well-managedliquidity position means banks can use their funds more effectively, maximizing returns on investments and reducing borrowing costs.
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.
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].
This is good for credit unions because CACU will handle the settlement and liquiditymanagement of its members’ participation in the network, something that would cost a lot more for credit unions to do on their own.
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.
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