This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This marks a major step towards instant and 24/7 treasurymanagement for both companies, optimising treasury and working capital management for Ant International and its entities. This achievement builds on a recent successful test settlement of a Hong Kong dollar (HKD)-denominated transaction between the two companies.
< 10 seconds settlement: Payments that once took T+2 days now finalise in under 10 seconds on-chain. 1.5 % unlocked yield on idle cash: Digitising treasury balances via our TreasuryManagement tools frees up extra yield. < Web3 projects unlock a compliant bridge between crypto ecosystems and fiat economies.
The new Embedded Finance segment deepens Ant International’s ecosystem by offering a rich array of FX, treasurymanagement, inclusive lending and other AI-powered fintech solutions to clients and partners across the other three main businesses.
In addition, BNP Paribas will explore innovations in tokenised deposits for global treasurymanagement 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.
Patrick Moore , executive vice president and head of Capital One ‘s TreasuryManagement Product Management group, told PYMNTS that these collaborations offer the ability to integrate niche FinTech capabilities into Capital One’s broader range of services.
Transfers can be made through MASAV (ACH) or Zahav (RTGS), providing businesses with greater flexibility and efficiency in managing their global financial operations. Customers can access the service through Airwallexs Business Account, Core API, or Embedded Finance solutions, ensuring integration with existing financial workflows.
Juicyway addresses this need by leveraging stablecoin technology to enable fast, affordable global money transfers with 24/7 execution and settlement. With remittance fees in Africa averaging 13% on $200 transfers in Q4 2023, there is a clear need for cost-effective solutions.
Now, with Borderless Banking, firms can access local accounts to receive payments and automate collections, facilitate international payment disbursement with real-time tracking, and optimise global treasurymanagement by ensuring the visibility of balances in all accounts.
This strategic partnership will also explore innovations in tokenised deposits for global treasurymanagement through Ant International’s Whale platform. This initiative will enhance the efficiency and speed of online cross-border payments and fund transfers within the SEPA Zone.
In addition, DBS’ permissioned blockchain is integrated with Ant International’s Whale platform, enabling Ant International to seamlessly manage their intragroup liquidity on a 24/7 basis, thereby optimising workflow and visibility.
Ant International is also working with StraitsX to enable the efficiency and interoperability of payments made via PBM through the Whale platform, Ant International’s treasurymanagement solution.
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.
“This funding accelerates our global expansion, enabling us to empower payment companies with seamless, real-time settlement infrastructure and drive the future of payments.” The company helps optimize treasurymanagement by ensuring that liquid funds are always available when and where they are needed.
In a recent conversation with PYMNTS, Transparent Systems Co-Founder and Chief Technology Officer Jeff Kramer remained mum on the particular details of the company’s infrastructure, although the firm described itself as an “on-demand 24/7 settlement” solution that leverages “cryptographically-secured” distributed blockchain networks.
This partnership designates Airwallex as an Official Partner, where it will bolster McLaren’s financial activities worldwide through its treasurymanagement as well as cross-border pay-outs and settlement product suite.
The financial institution or corporate client gets transparency into fees and foreign exchange rates as well as visibility of payment settlement. Commercial clients using SWIFT gpi for corporates can also get alerts about inbound and outbound payment status directly to their treasurymanagement system. and Ireland at SWIFT. .
Baton Systems, a global capital markets tech provider orchestrating the optimised settlement of $20-30 billion (USD) in asset value daily, has introduced new treasurymanagement tools designed to optimise intraday liquidity, reduce costly buffers, and mitigate risk in real-time.
FIS is facilitating real-time payments services to the FIs, while The Clearing House operates the RTP system that enables instant payment settlement and availability of funds. Apifiny Finds Tester For Instant Settlement Network. BELLIN Secures SWIFT gpi Label. SatoshiPay Debuts Blockchain Payments Platform.
Airwallex and McLaren Racing first announced their multi-year partnership in February to further enhance the team’s existing payments infrastructure, specifically across treasurymanagement as well as cross-border pay-outs and settlement.
Beyond that, this proof-of-concept effort, SWIFT said, “addresses the need for DLT-based commerce to be supported by global, fast, secure and transparent settlement using fiat currencies by enabling ‘off-ledger’ payment settlement based on gpi.”.
A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury. ” Banks and corporates will be challenged to accurately forecast their liquidity management needs as real-time transacting spreads.
In HSBC’s case, blockchain enables a single view of the process of a single trade through to settlement, allowing all executives with access to the information to be on the same page at any given moment.
Additionally, we are keen to foster innovation with such a key player to develop tomorrow’s treasurymanagement standards.” ” Enhancing global fund settlements BNP Paribas will also explore innovations in tokenised deposits for global treasurymanagement, through Ant International’s ‘Whale’ platform.
“While DLT-enabled trade is taking off, there is still little appetite for settlement in cryptocurrencies and a pressing need for fast and safe settlement in fiat currencies.”
In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . Better data can help prevent international payment delays or failures caused by “unstructured and ambiguous” data, as well.
Beyond that, this proof-of-concept effort, SWIFT said, “addresses the need for DLT-based commerce to be supported by global, fast, secure and transparent settlement using fiat currencies by enabling ‘off-ledger’ payment settlement based on gpi.”.
In April, the bank published a survey in its “Treasury Perspectives” report, concluding that access to payments data is more important than the speed of settlement, though more than one third ranked speed as a more important feature. At the same time, TD Bank has been collecting insight into corporate payment habits.
As an Official Partner, Airwallex will support McLaren’s global financial operations through its treasurymanagement and cross-border pay-outs and settlement product suite. This partnership between Airwallex and McLaren will help ignite the fintech giant’s growth trajectory as it continues to scale globally.
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.
ACH is economical but slow, wire transfers are quicker but costly, and credit cards, though convenient, come with extended settlement times and high fees. FedNow operates as a transaction-level payment system with the unique ability to ensure instantaneous settlement, accessible 24/7 throughout the year.
Through the new project, Hong Kong Monetary Authority will explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money through a wholesale CBDC. It could forge a new FMI that bridges the gap between tokenised real-world assets and money in transactions.
. “A crypto custodian, wallet, merchant or exchange business can now offer their customers compelling credit and treasurymanagement features built directly into their own apps, powered by Cred.” Companies can also place their [bitcoin (BTC)] with Cred to earn substantial interest.
Airwallex , the global payments and financial platform, has entered a multi-year partnership with the McLaren Formula 1 team, which will see it support McLaren’s global financial operations through its treasurymanagement and cross-border pay-outs and settlement product suite.
23) marks the launch of Same Day ACH, with three settlement windows enabling consumers and businesses to receive credit, same day, for payments made to them. via all banks and credit unions. Today (Sept. Every bank in the U.S. is now capable of receiving and enabling this same-day capability. .
The solution leverages the RTP network from The Clearing House for real-time payments clearing and settlement capabilities, allowing suppliers to receive instant access to funds, as well as detailed information about the transaction. Through this program, together we can bring speed and transparency to these critical business payments.”.
The world of corporate treasurymanagement has of late had to focus especially hard on the management portion of the job description. Treasury proposed Simplified Tax Accounting Method for VNAV funds. Regulatory frameworks for the above mandates are never one-size-fits-all.
“This is a fairly significant cost for businesses, particularly in terms of the treasurymanagement point of view. “And I think genuine, real-time information, with automation and banking and settlement, will mean business owners of the middle market will be able to get real-time daily visibility.”
The provider’s new Money Transfer API supports fund transfers directly into overseas bank accounts, while another API supports money settlement in local currencies to spare recipients from the frictions of handling conversions. However, sending funds abroad may not solve all businesses’ overseas spending needs.
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.
Pave Bank is a fully regulated commercial bank where clients can get business banking products (such as multi-currency operating accounts, global payment connectivity, and treasurymanagement solutions). They will also have access to multi-asset custody, virtual IBANs, safeguarding accounts and PaveNet.
For the first time, customers can operate their JPM Coin Blockchain Deposit Accounts (BDAs) within Kyriba’s treasurymanagement system (TMS), enabling treasury teams to facilitate real-time cross-border transfers on a permissioned distributed ledger. This is an exciting step in our ongoing collaboration with Kyriba.”
To close the gap between what is and what might be in payments and treasurymanagement, first thing’s first: Executives want to be secure in their security. Picture an insurance firm where there is the option to complete real-time settlements of claims.
In a separate panel discussion with Mike Massaro, CEO of Flywire, four executives from various verticals — from freight management to banking — gave a ground-level view of how digital payments are taking root. That’s where the market’s going.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content