Fintech News

JANUARY 7, 2025

Cross-border payment firm XTransfer has received the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). It enables secure and compliant transactions, with 24/7 payment settlement capability, offering uninterrupted fund circulation throughout the trade process.

Cross-Border Payments 127

Cross-Border Payments Cross-Border Payments Settlement 127

Finextra

JUNE 10, 2025

Lower Fees and Instant Settlement Another major benefit is the fees associated with crypto payments. Settlement speeds are another major advantage. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Settlement 52

Settlement Gateways Payments BNPL 52

The Fintech Times

JULY 4, 2025

Project Guardian, run by the Monetary Authority of Singapore , is a global collaboration between policymakers and key industry players to enhance liquidity and efficiency of financial markets through asset tokenisation. Tokenised bank liabilities and shared ledgers tackle these challenges directly.

Interoperability 87

Interoperability Cross-Border Cross-Border Payments Settlement 87

PYMNTS

SEPTEMBER 18, 2020

Online marketplaces are the digital storefronts helping small to mid-sized businesses survive — but adding real-time settlement into the mix can help them thrive. And 60 percent of surveyed firms selling across online marketplaces would take their business to one that offers real-time settlement.

Settlement 141

Settlement Debit Card Authorization Payroll 141

PYMNTS

FEBRUARY 2, 2021

The company said it has launched VisaNet +AI to enhance posting and settlement, and eliminate the guesswork tied to knowing where funds will hit and when. Cross-border transactions, for example, can vary widely from initiation to final settlement, impacted by foreign exchange (FX) rates. Smarter Settlement.

Settlement 111

Settlement AI Process Issuers 111

Fintech Review

NOVEMBER 20, 2024

Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally. Let’s dive in.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Multi-Currency FinTech 115

Fintech News

JUNE 12, 2024

The Bank for International Settlements (BIS) Innovation Hub and the Monetary Authority of Singapore (MAS) have developed a blueprint – Project Viridis – a climate risk platform aimed at helping financial authorities identify, monitor, and manage climate risks in the financial system.

Authorization 112

Authorization Risk Assessments Central Bank 112

Fintech News

OCTOBER 31, 2024

Founded in 2021, Partior utilizes blockchain technology to transform clearing and settlement, and redefine the way value moves globally. Its platform covers payments in 173+ countries with local payment options in 70+ markets and offers global business accounts in 60+ currencies.

Cross-Border Payments 132

Cross-Border Payments Cross-Border Payment APIs and Integration Multi-Currency 132

Fintech News

DECEMBER 9, 2024

M-DAQ Global, a fintech specialising in cross-border foreign exchange (FX) and payment solutions, has been awarded a Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS). With this licence, we can broaden our capabilities to support B2B applications with more complex requirements and longer settlement periods.

B2C 106

B2C Cross-Border Settlement B2B 106

Fintech News

APRIL 1, 2024

billion settlement with US authorities earlier this year. This leadership restructure is in line with Binance’s efforts to comply with regulatory standards following its legal settlement in the US. Completing the lineup are Arnaud Ventura, of Gojo & Co., and Xin Wang, CEO of Bayview Acquisition Corp.

Legal 113

Legal Settlement Money Laundering Consulting 113

Fintech News

JANUARY 9, 2025

The processes included converting reserve account balances into digital Rupiah and vice versa, ensuring seamless interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system. Each platform exhibited distinct strengths.

Distributed Ledger Technology (DLT) 127

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 127

Fintech News

APRIL 2, 2025

The founding members are the Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore (MAS), and the Bank of Thailand. This marks the initiative’s transition from a Bank for International Settlements (BIS) experimental project, started in 2021, into practical implementation.

Global Payments 96

Global Payments Cross-Border Payments Central Bank Cross-Border 96

Fintech Finance

JANUARY 15, 2025

To make the most of the collaboration, a custom split payout functionality has been developed for Lyvely, allowing the platform to automatically distribute settlements between the company and its content creators based on predefined percentages. Lyvely has been using Mamos platform for payment processing and card solutions since early 2024.

Economy 97

Economy Facilitators Payments Settlement 97

Clearly Payments

NOVEMBER 13, 2024

This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Routing : The payment processor routes the transaction request to the appropriate issuing bank for authorization.

Process 104

Process Processors Payments Compliance 104

Fintech News

NOVEMBER 3, 2024

Anchorage Digital Singapore, a crypto platform, has obtained a Major Payment Institution license from the Monetary Authority of Singapore (MAS). This licence allows the company to expand its services to include custody, staking, trading, settlement, and fiat on and off ramps for global institutions.

On-Demand 114

On-Demand Settlement Regulations Payments Institute 114

Fintech News

MAY 11, 2025

DK Bank, Bhutans first fully digital bank licensed by the Royal Monetary Authority of Bhutan, manages settlement for merchants in local currency. The initiative is a collaboration between Binance Pay, DK Bank, and Bhutans Department of Tourism.

Cryptocurrency 102

Cryptocurrency Settlement Authorization Economy 102

Payments Dive

JUNE 20, 2025

Editors picks Spencer Platt/Getty Images via Getty Images Zelle, big banks challenge senators on scam reimbursements Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Privacy Settlement 88

Payments Source

SEPTEMBER 3, 2020

The agreement between Colorado authorities, marketplace lenders and banks offers a way to structure partnerships without triggering the wrath of state regulators.

Settlement 118

Settlement Agreements FinTech Authorization 118

The Fintech Times

JULY 10, 2025

Australia’s central bank and a government-backed research centre have selected 24 industry participants to trial digital settlement systems for tokenised assets, in a project exploring the future of wholesale finance.

Central Bank 64

Central Bank Settlement Use Case Stablecoins 64

Stax

MARCH 18, 2025

It authorizes or declines payments based on available funds and fraud checks. Payment information is encrypted and sent for authorization – The payment gateway encrypts and sends the payment details to the payment processor. Speed of transactions and fund settlement Payment settlement speed impacts your business cash flow.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Fintech Finance

MAY 2, 2025

Rain announced it has joined Visa’s pilot program for stablecoin settlement. Rain has fully tokenized its credit card receivables and has transitioned all settlement transactions for its Visa cards to USDC, to now be able to settle with Visa 7 days a week, 365 days a year. ” This is just the beginning.

Credit Cards 59

Credit Cards Stablecoins Settlement Interoperability 59

Fintech Finance

DECEMBER 9, 2024

Antoms card processing volume grew over 10 times from that of previous year, while delivering top notch authorization rates to its global enterprise merchants. Antom continues to strengthen its payment processing capabilities across all payment channels.

Embedded Finance 98

Embedded Finance Cross-Border Cross-Border Settlement Finance 98

Trade Credit & Liquidity Management

JUNE 12, 2025

(Photo by Çağlar Oskay on Unsplash ) With RfP, businesses can send digital payment requests that allow payers to authorize and send funds instantly, giving recipients immediate access to funds, improving cash flow, and reducing operational friction from delayed deposits.

Request for Payment 52

Request for Payment RFP Same Day ACH RTP 52

The Payments Association

JUNE 3, 2025

This misconception has shaped many CBDC proposals, which tend to replicate traditional account-based structures under the control of central authorities or delegated intermediaries. Das added that improved liquidity due to streamlined settlement processes will reduce the need for intermediary currencies and lower the transaction costs.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

Fintech Finance

MARCH 24, 2025

BC Payments Singapore) has received the In-Principle Approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This IPA marks a significant milestone for BC Payments Singapore.

Payments Institute 89

Payments Institute Cross-Border Payments Cross-Border Security 89

Finextra

JUNE 30, 2025

They will need to co-exist with existing clearing and settlement processes and infrastructures, and this means interoperability is crucial. The DLT network provides a highly secure and reliable platform for the exchange of the digital currency as part of clearing and settlement. The transfer volume of stablecoins hit highs of $717.1

Digital Currency 52

Digital Currency Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement 52

Clearly Payments

MARCH 14, 2025

It occurs in a matter of seconds but consists of multiple stages, from authorization to settlement. Stage 1: Authorization Authorization is the initial step where the transaction is approved or declined. Card Network Communicates with Issuer : The card network forwards the request to the issuing bank for authorization.

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

Payments Dive

JUNE 20, 2025

Editors picks Spencer Platt/Getty Images via Getty Images Zelle, big banks challenge senators on scam reimbursements Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing.

Push-to-Card 88

Push-to-Card Privacy Settlement Zelle 88

Fintech News

DECEMBER 22, 2024

Over 90% of the population has signed up for the nations digital payment schemes, and nearly all merchantsapproaching 100%have adopted QR code payment systems, according to Chia Der Jiun, Managing Director of the Monetary Authority of Singapore (MAS).

FinTech 112

FinTech Cross-Border Payments Cross-Border Money Laundering 112

The Payments Association

MAY 23, 2025

PEXA, the world’s leading digital property exchange platform, today announced that the Financial Conduct Authority (FCA) has approved its application to become an authorised payment institution (API). This includes the development of PEXA Pay, the seventh net settlement payment scheme to clear through the Bank of England.

Product 88

Product Facilitators Settlement Transactions 88

Finextra

JUNE 11, 2025

This laid the foundation for a centralized monetary authority and future oversight of payment systems. Clearing houses, often managed by the RBI or lead banks, facilitated the physical exchange and settlement of cheques. Manual Clearing Houses: Cheques remained the dominant non-cash payment instrument.

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

Finextra

JULY 9, 2025

Real-time settlement across jurisdictions reduces reliance on intermediaries, slashes fees, and strengthens trust. How Real-Time Payments Are Transforming Cross-Border Business Real-time payments are revolutionizing cross-border transactions with instant settlements, better transparency, and reduced costs.

Real Time Payments 52

Real Time Payments Cross-Border ISO 20022 Transactions 52

The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. It has now completed its first experiment using DLT, giving the monetary authority a glimpse into the potential merits of the tech.

Central Bank 75

Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

Fintech News

JULY 21, 2024

The Monetary Authority of Singapore (MAS) has reported that major financial institutions in Singapore experienced minimal or no disruption to customer services and key operations following a global IT system outage. As a precaution, MAS extended the operating hours of MEPS+ by two hours, until 9 pm, to ensure smooth payment settlements.

Settlement 113

Settlement Cybersecurity Authorization Addressing 113

Fintech News

MAY 19, 2025

XSGD is a stablecoin regulated by the Monetary Authority of Singapore (MAS) and backed 1:1 by reserves held with DBS Bank and Standard Chartered. The deployment brings XSGD to a blockchain designed for large-scale tokenisation, enabling real-time payments and programmable financial flows for developers, fintechs, and institutions.

Stablecoins 83

Stablecoins Cross-Border APACS Interoperability 83

The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region. We also welcome partners to explore more use cases in the real economy with us.”

Interbank Settlement 134

Interbank Settlement CBDC Settlement Use Case 134

Finovate

JUNE 9, 2025

The Bank of International Settlements (BIS) and the Bank of England (BoE) collaborate on testing to see if AI can spot fraudulent activity in retail payments data. Crypto The UK’s Financial Conduct Authority (FCA) proposes allowing individual, retail investors to receive crypto exchange traded notes (cETNs).

Credit Union 52

Credit Union FinTech Fraud Detection Verification 52