PYMNTS

JANUARY 8, 2021

In short, the global pandemic has ushered in rising usage — and use cases — for TCH’s RTP ® network, and Whisler doesn’t see that slowing down anytime soon. To me, the bottom line is the more volume, the better the pricing for all participants in the industry,” she said. RTP Outlook.

RTP 139

RTP TCH Funding Agent Continuing Education 139

Fintech Finance

MARCH 15, 2024

Federal Reserve Financial Services (FRFS) has introduced the new FedNow User Group to continue promoting collaboration among the 607 participating financial institutions and their service providers on the FedNow Service network.

Federal Reserve 52

Federal Reserve FedNow Participant Instant Payments 52

Open Banking Excellence

NOVEMBER 9, 2023

The number of adults using Open Banking in the UK represents around 10% of the adult population. The adoption of account data services has lagged behind Open Banking payments, whilst the number of Open Banking use cases is limited and it has not yet entered daily or weekly usage for most consumers and businesses.

Use Case 130

Use Case API Fraud Prevention Risk 130

Fintech Finance

MARCH 26, 2024

The second phase of sandbox testing went further, exploring more complex use cases, using Swift’s solution to connect and orchestrate transactions across simulated digital trade and tokenised asset and FX networks, alongside CBDCs for payments. More than 750 transactions were carried out over the course of the experiments.

Cross-Border 52

Cross-Border Use Case SWIFT CBDC 52

Fintech Finance

AUGUST 15, 2024

Sionic teamed with Google Cloud Consulting to design and build the specific use case AI models. By utilizing Google Cloud’s Vertex AI platform, and implementing essential payment security features, we’ll be able to tackle fraud in a unique way that will give us the edge over our competitors.”

AI 97

AI Fraud Detection Technology Real Time Payments 97

Fintech News

MAY 27, 2024

CBDC for cross-border payments, programmable money, and DeFi Kazakhstan’s Digital Tenge project is pursuing several ambitious goals: intensifying cross-border trade, implementing innovative social and anti-corruption initiatives, and integrating digital assets issued by decentralised finance (DeFi) participants and those issued by the government.

CBDC 126

CBDC Transactions Payment APIs and Integration Cross-Border 126

Fintech News

OCTOBER 6, 2024

Banks in North America, Europe, and Asia will participate, using Swift ’s platform to conduct transactions involving both digital assets and traditional currencies. Key use cases for these trials include payments, foreign exchange (FX), and securities transactions.

SWIFT 103

SWIFT Transactions Settlement Use Case 103

The Fintech Times

APRIL 17, 2024

Key participants in the UK initiative include Barclays, Citi, HSBC, Lloyds Banking Group, Mastercard, NatWest, Nationwide, Santander, Standard Chartered, Virgin Money and Visa. Supported by EY and Linklaters , the technological backbone of this endeavour comprises R3, Quant, DXC Technology (DXC) and Coadjute.

Payment APIs and Integration 137

Payment APIs and Integration Blockchain Finance Digital Payments 137

PYMNTS

MARCH 11, 2020

The Series B+ investment was led by Eight Roads, Ribbit Capital and Glade Brook Capital, while BitRock Capital and existing backers also participated. Karbon Card secured $2 million in funding, according to VCCircle reports, with executives from Cred, Pine Labs, Jitendra Gupta and others participating.

Use Case 52

Use Case B2B Commercial Card Cross-Border 52

Fintech Finance

OCTOBER 24, 2024

One-click e-commerce payments were identified as a top use case. Although 79% of surveyed banks believe CVRP will benefit their account holders and the UK payments ecosystem, only 32% expect to support CVRP for low-risk use cases in 2025, and just 26% for e-commerce use cases.

Risk 98

Risk Use Case Payments Debit Card 98

PYMNTS

OCTOBER 15, 2020

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.” But he pointed to a use case that might be a bit under the radar. So that is certainly an aspiration.

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

Fintech News

JUNE 30, 2024

Reference model of GL1 Over the past two years, MAS has collaborated with 24 financial institutions to pilot asset tokenisation use cases under Project Guardian. Recently, S&P Global Ratings announced its participation in Project Guardian.

Central Bank 122

Central Bank Non-Bank Participant Risk 122

NFCW

NOVEMBER 29, 2023

During the Luxembourg-based pilot the two government bodies will test the effectiveness and Europe-wide compatibility of a national digital ID wallet for storing and using mobile driving licences, accessing eGovernment services, opening a bank account and remote document signing.

Online and Mobile Banking 79

Online and Mobile Banking Use Case Government Governance 79

Faster Payments Council

AUGUST 23, 2024

The moderator will drive the conversation, but audience participation will be encouraged! Financial Institutions are enabling use cases and improving send reach that allows customers to manage their cash on hand and easily disburse payments up to the due date while maintaining a positive account status and avoiding late fees.

FPC 129

FPC ISO 20022 Federal Reserve Instant Payments 129

Fintech News

DECEMBER 11, 2023

Commercial bank participants, through their own instances of UDPN Business Nodes, can actively engage in various activities, such as CBDC issuance (for issuing banks), wallet creation, linking wallets to bank accounts and KYC systems, fiat-CBDC exchange, AML/CFT compliance, and initiation of CBDC transfers, swaps, and settlement.

CBDC 115

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 115

CB Insights

NOVEMBER 19, 2020

Ethereum and Bitcoin are the most popular networks for startup-run projects — for instance, among the capital markets blockchain initiatives that use Ethereum, roughly 80% are projects. These networks are “permissionless,” which means that anyone can participate. Use cases ultimately drive the choice of DLT network.

Blockchain 101

Blockchain Bitcoin Use Case Privacy 101

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

Fintech News

NOVEMBER 11, 2024

Launched in May 2022, Project Guardian brings together policymakers and key financial industry players to improve market liquidity and efficiency through the innovative use of technology.

Central Bank 126

Central Bank Distributed Ledger Technology (DLT) Interoperability Cross-Border 126

Fintech News

MAY 21, 2024

Source; SBI DAH The Future of Digital Assets: CBDCs and Cryptocurrencies Looking ahead, the survey participants anticipate greater adoption of various digital assets over the next three years. Nearly a quarter (23.5%) of the participants cited this as the key impediment to investing in digital assets.

Settlement 139

Settlement Cryptocurrency Blockchain Digital Currency 139

Fintech News

MARCH 25, 2024

Over the last six months, 38 global institutions participated in Swift’s CBDC sandbox, marking it as one of the most extensive CBDC experiments to date.

CBDC 110

CBDC SWIFT Interoperability Settlement 110

Fintech Finance

JUNE 17, 2024

Mastercard’s cloud technology powers and enhances the Vault Payments offering across card and non-card use cases. Thought Machine also participated in the Mastercard Start Path startup engagement program in 2020.

Visa 105

Visa Non-Bank Debit Card Payments 105

Fintech Finance

OCTOBER 15, 2024

The RoPay service is being gradually rolled out, as participating banks introduce new features and cover more use cases, while users get accustomed to the service. The first available use is for proximity-based person-to-person (P2P) payments.

Instant Payments 98

Instant Payments Online and Mobile Banking Processors Payments 98

Fintech News

MAY 8, 2024

In 2022, the BOT initiated a Retail CBDC Hackathon to encourage public participation and promote private-public collaboration in developing CBDC proof-of-concept initiatives. The Innovation Track consisted of public engagements and exploring CBDC for financial innovation.

CBDC 126

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 126

The Fintech Times

MAY 30, 2024

“Continued adoption from industry participants like PayPal helps realise the next generation of fintech innovation.”

Stablecoins 119

Stablecoins PayPal Blockchain Venmo 119

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

PYMNTS

FEBRUARY 7, 2020

Eight Roads led the round, while Telefónica Innovation Ventures, Telekom Innovation Pool of Deutsche Telekom, HKT and Singtel Innov8 also participated, according to TechCrunch reports. The company will deploy the funding to focus on product development, engineering and global expansion.

B2B 98

B2B Blockchain Cross-Border FinTech 98

Fintech Finance

OCTOBER 16, 2024

Since February, Swift has been working with leading global financial institutions to explore how federated learning, combined with privacy-enhancing technologies, could enable market participants to share information without revealing their proprietary data.

Cross-Border Payments 98

Cross-Border Payments Cross-Border SWIFT AI 98

Tearsheet

APRIL 22, 2024

Visa introduced the Visa+ service in April last year to bridge the gap among various apps in the peer-to-peer (P2P) payments space, allowing for real-time payouts to participating digital wallets. At the time, Visa+ outlined plans to make the service widely available to Venmo and PayPal users in the US by mid-2024.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

Fintech News

AUGUST 23, 2024

Participants will discuss emerging market trends and strategies for maintaining resilience amidst global economic challenges. The event will focus on the key topics and industry trends driving digital transformation, providing participants with the knowledge and strategies needed to succeed in a rapidly changing market.

APACS 129

APACS FinTech Participant ISO 20022 129

PYMNTS

NOVEMBER 8, 2017

“But they also can be used in the healthcare industry and often in supply chain settings as well, so there [are] lots of interesting stories and use cases there.”. For financial services firms, the benefits of using blockchain and distributed ledger technologies were fairly apparent, Behlendorf said.

Blockchain 86

Blockchain API Use Case B2B 86

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. Tianwei acknowledges these concerns, but points out that the open-source nature of public blockchain technology can actually enhance security.

Stablecoins 114

Stablecoins Cross-Border Cross-Border Payments Blockchain 114

The Fintech Times

SEPTEMBER 25, 2024

The HKMA completed Phase 1 of the e-HKD Pilot Programme in October 2023 and had studied domestic retail use cases in various areas such as programmable payments, settlement of tokenised assets, and offline payments. We look forward to working closely with industry participants in Phase 2 to co-create various innovative use cases.”

Authorization 59

Authorization Digital Currency Use Case Settlement 59

PYMNTS

JUNE 13, 2019

Popular use cases that have emerged in recent years include blockchain’s potential to securely transmit remittance data along with payments in cross-border B2B transactions, enable companies to use smart contracts to enforce business agreements in B2B trade and mitigate the risk of fraud in supply chain transactions.

Blockchain 73

Blockchain Distributed Ledger Technology (DLT) Participant Use Case 73

PYMNTS

AUGUST 11, 2020

In addition to helping banks and other FIs add value to their commercial clients, FI participation in the network can streamline onboarding of both buyer and supplier and expand accessibility of the B2B payments service to more businesses. Scale, noted Phalen, is key to successfully building out any network. Driving Scale.

B2B 110

B2B Payments Wire Wires 110

Fintech Finance

OCTOBER 23, 2024

” Finzly’s BankOS Platform Key Benefits: Rapid FedNow Launch: Connect to FedNow in just a few clicks via our AWS-powered, scalable platform, available 24/7/365 Versatile Instant Payment Services: Allow a wide range of use cases, including account transfers, bill payments, and mortgage payments.

FedNow 97

FedNow FedWire Instant Payments RTP 97

Fintech Finance

OCTOBER 30, 2024

As part of Fnality’s vision to develop a regulated FMI that addresses a variety of pain points across the financial market, these successfully settled margin transfers are a first step in exploring the potential use of £FnPS for cleared margin payments in the future, subject to further regulatory analysis.

Distributed Ledger Technology (DLT) 96

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

The Fintech Times

FEBRUARY 29, 2024

A new standard for blockchain interoperability At the forefront of tokenising real-world assets (RWAs), the XRPL is establishing a new standard for blockchain interoperability that greatly benefits developers, validators, enterprises, and other participants within the XRPL ecosystem focused on building with this use case.

Interoperability 133

Interoperability Blockchain Payment APIs and Integration Risk Mitigation 133