Tearsheet

FEBRUARY 16, 2024

This extended partnership will focus on integrating additional instant payment use cases across a range of payment flows for consumers, businesses, and governments. FedNow and RTP are eyeing new use cases to compete for bank partnerships, however, achieving widespread adoption remains a shared hurdle for both instant payment rails.

Instant Payments 119

Instant Payments RTP Visa TCH 119

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 97

Risk Use Case Payments Debit Card 97

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 90

AI Fraud Detection Technology Real Time Payments 90

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

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 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 89

SWIFT Transactions Settlement Use Case 89

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 116

Central Bank Distributed Ledger Technology (DLT) Interoperability Cross-Border 116

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

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

The Fintech Times

MAY 21, 2024

However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. However, in the last couple of years, behind the scenes, some developers have continued to bet on the technology for other use cases.

NFTs 145

NFTs Use Case Non-Bank Facilitators 145

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

The Fintech Times

OCTOBER 25, 2024

.” Although 79 per cent of surveyed banks believe CVRP will benefit their account holders and the UK payments ecosystem, only 32 per cent expect to support CVRP for low-risk use cases in 2025, and just 26 per cent for e-commerce use cases.

Use Case 59

Use Case Debit Card Participant Consumer Protection 59

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 115

CBDC Transactions Payment APIs and Integration Cross-Border 115

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

The Fintech Times

OCTOBER 11, 2024

The VTAP solution is available on the Visa Developer Platform for participating financial institution partners, to create and experiment with their own fiat-backed tokens in a VTAP sandbox. This is available in a test environment with plans to support live programmes in 2025 and when participating banks are ready to launch with end customers.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Near Real-Time Participant 52

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) 90

Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments 90

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

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 93

FedNow FedWire Instant Payments RTP 93

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 167

FPC ISO 20022 Federal Reserve Instant Payments 167

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

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 116

Central Bank Non-Bank Risk Participant 116

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 102

Visa Non-Bank Debit Card Payments 102

Finovate

OCTOBER 14, 2024

Real-world applications: See live demonstrations and hear real-life use cases from Dynatrace customers, showcasing practical implementations and outcomes. Interactive learning: Participate in a live Q&A session with experts, allowing you to get personalized answers to your specific challenges and questions.

AI 52

AI Innovation Regulatory Compliance Compliance 52

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 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 106

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 106

Fintech Finance

JANUARY 25, 2024

Leading account-to-account (A2A) payment infrastructure provider, Token.io , has announced it has become an official participant in the SEPA Payment Account Access (SPAA) scheme: a commercial API initiative that will enable greater innovation and unlock wider adoption of A2A payments in Europe. As a SPAA participant, Token.io

Innovation 52

Innovation Participant Central Bank Payments 52

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

The Fintech Times

FEBRUARY 24, 2024

It has entered the official register to become one of the first participants of the European Payments Council ’s newly launched SPAA scheme. Having played a key role in shaping SPAA to this point, it’s brilliant to be among the first participants to join the scheme,” said Andrew Boyajian, Tink’s VP of payments and customer experience.

Payment APIs and Integration 64

Payment APIs and Integration Payments Real Time Payments Participant 64

The Fintech Times

JULY 10, 2024

“Fiat-to-crypto transactions help new users access and participate in the crypto ecosystem, which fuels the growth of the crypto economy and unlocks new use cases, financial products, and business models,” explained Ivan Soto-Wright , co-founder and CEO of MoonPay.

Economy 59

Economy PayPal Stablecoins API 59

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

Fintech Review

SEPTEMBER 23, 2024

Upcoming features include 3D AI character use cases like AI assistants, traders, teachers, and personal shoppers. DAO Governance : $MATRIX holders can participate in governance decisions, including the development of new dApps and protocol upgrades within the Matrix One ecosystem.

AI 52

AI Use Case Government Governance 52

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 103

CBDC SWIFT Interoperability Settlement 103

Fintech Finance

SEPTEMBER 17, 2024

Across the use cases explored, a number of potential benefits were discovered, including reducing fraud, improving efficiency in the process of home buying and reducing the cost of failed payments in the UK. New functionality, such as programmable payments and locking/unlocking of funds, was demonstrated across a range of use cases.

Regulations 96

Regulations Finance Settlement Legal 96

The Fintech Times

AUGUST 19, 2024

This will enable users to pursue various digital asset use cases. Furthermore, it will allow banks to participate in the virtual asset economy. This will be made possible through a new RAKBANK platform, subject to approval from the Central Bank of the UAE.

Technology 59

Technology Central Bank Use Case Participant 59

Fintech Finance

AUGUST 20, 2024

The council aims to facilitate merchant payments, international remittances, and other use cases in cross-border transactions interconnecting their diverse platforms, advancing global wallet interoperability. We believe that all participants will win with this council; however, our wallet consumers would be the real winner.”

Cross-Border Payments 52

Cross-Border Payments Cross-Border Interoperability Payments 52

Fintech News

AUGUST 12, 2024

The development of DBS Treasury Tokens is informed by the bank’s participation in the Monetary Authority of Singapore-led initiatives, Project Orchid and Project Guardian, which explore the benefits of tokenisation.

Treasury 80

Treasury Blockchain Cross-Border Payments Multi-Currency 80

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