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RTP, Blockchain Make Inroads Within Corporations

PYMNTS

With payment innovators looking to migrate B2B payments away from paper, a growing number of payment rails and technologies are helping to ease the pain of the shift. There is very much still this need to bridge traditional markets and regulation with this FinTech 2.0, Mastercard Leads Central Bank Digital Currency Test.

RTP 105
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Wells Fargo Accelerator Adds Biz Card Startup Extend

PYMNTS

The Startup Accelerator is a portfolio of startup companies working across a varied set of fields, including customer experience, payments, marketing, risk and regulation, climate change and security, the release stated. There are currently 27 companies as part of the Accelerator, according to the release.

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Why Cross-Border Payments Still Present Challenges

PYMNTS

Despite rapid market growth, international payments have been hampered by country-specific regulations, while transactions being channeled through intermediary banks can take days to complete and often come with fees. B2B Takes a Cue from Consumers. Currently, there are 0.7 international transactions per capita every year, up from 0.5

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PwC Finds Blockchain Distrust High, Even As Adoption Accelerates

PYMNTS

.” At the same time, the financial services market is significantly ahead of other markets — including manufacturing, government and healthcare — when it comes to their exploration and use of distributed ledger technology (DLT). in blockchain development efforts.

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B2B Cross-Border Payments Are Speeding Up

PYMNTS

Cross-border B2B transactions generated about $125 billion in revenue in 2018, leading more FIs and FinTechs to seek to update their infrastructures and better serve the needs of this sizable and growing sector. The latest Faster Payments Tracker examines developments in real-time payments with an emphasis on B2B cross-border transactions.

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Adjoint CEO On Why Treasury Management Needs Blockchain

PYMNTS

However, with technology in place, Rodrigues explained, treasury can be transformed to become the “24/7 investment arm, to support financial and broader goals for global companies.”. Distributed ledger technology (DLT), in essence, is a distributed database that securely stores and organizes data.

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How Banks Are Teaming Up To Bring Blockchain To Trade Finance

CB Insights

Historically inundated with paper trails and inefficiencies, banks and regulators worldwide are teaming up to digitize the trade financing process. HSBC, Standard Chartered, and others belong to a range of consortia that have had successful pilots using distributed ledger technologies (DLT) to process live trade finance transactions.