Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.

CBDC 113

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

PYMNTS

DECEMBER 17, 2019

Accenture , a professional services firm, and TradeIX, a blockchain startup in global trade finance, have teamed up to become an onboarding partner for the Marco Polo Network , according to reports. Last month, Bank of New York Mellon was the 28th bank to join.

Distributed Ledger Technology (DLT) 53

Distributed Ledger Technology (DLT) Blockchain Finance Cross-Border Payments 53

PYMNTS

DECEMBER 22, 2020

The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk. NTT Data, Project Spunta’s developer, and payment system provider SIA, are participating in the research experiment, Ledger Insights reported.

Distributed Ledger Technology (DLT) 69

Distributed Ledger Technology (DLT) CBDC Digital Currency Bitcoin 69

PYMNTS

OCTOBER 23, 2018

.” The Bank of Canada , TMX Group and Canada’s payment system teamed up for a test to settle and clear mock stocks using the blockchain, Bloomberg reported. The system, intended to be linked with market infrastructure already in place, enabled participants to settle mock securities with mock central bank cash.

Distributed Ledger Technology (DLT) 76

Distributed Ledger Technology (DLT) Bitcoin Stablecoins Blockchain 76

PYMNTS

SEPTEMBER 18, 2018

The World Economic Forum (WEF) has thrown its support behind blockchain technology to expand trade finance availability across the globe, touting the technology as a way to address the “paper monster,” tap into data and support governments’ export/import initiatives. The report also expects $1.1

Distributed Ledger Technology (DLT) 55

Distributed Ledger Technology (DLT) Blockchain Finance Governance 55

PYMNTS

NOVEMBER 25, 2020

“Today, authorities around the world are grappling with the rise of digital currencies and decentralized finance based on both emerging technologies — particularly various combinations of distributed ledger technology (DLT) and blockchain and advances in traditional centralized systems underpinning finance,” according to the report.

Stablecoins 92

Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

PYMNTS

DECEMBER 13, 2019

With the belief that it could cause instability within the country’s financial system, the government of Switzerland spoke against making a central bank digital currency available to the public. The SNB and the Bank for International Settlements (BIS) are said to be exploring the widespread use of digital central bank currencies.

Digital Currency 40

Digital Currency Central Bank Distributed Ledger Technology (DLT) Money Laundering 40

PYMNTS

SEPTEMBER 18, 2019

To that end, the Bank for International Settlements (BIS) said in a paper titled “Embedded supervision: how to build regulation into blockchain finance” that distributed ledger technology (DLT) could be a part of bank infrastructure and could be used to automate supervision.

Distributed Ledger Technology (DLT) 43

Distributed Ledger Technology (DLT) Blockchain Central Bank Void 43

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024.

Payments Trends 120

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 120

PYMNTS

NOVEMBER 22, 2017

The Asia-Pacific region is a rising star in FinTech innovation, but this week, the blockchain spotlight landed on Singapore as more distributed ledger initiatives from the private and public sectors took major steps forward. Nearly two-thirds of that funding will go toward blockchain startups, reports added.

Blockchain 53

Blockchain Cross-Border Distributed Ledger Technology (DLT) Central Bank 53

PYMNTS

AUGUST 23, 2018

In Thailand, headlines showed that the country’s central bank will issue its own digital currency. The currency to be released by the Bank of Thailand, according to The Next Web , is based off an open source blockchain that the site said is “eerily reminiscent of Ripple ,” the banking ledger from Ripple Labs.

Central Bank 41

Central Bank Distributed Ledger Technology (DLT) Bitcoin Accounts 41

PYMNTS

AUGUST 23, 2018

Bloomberg reports that banks in Kenya are pursuing regulatory approval to use distributed ledger technologies (DLT) to help facilitate payments and create credit scoring models. But, Kenya’s central bank has sounded a note of caution. But, Kenya’s central bank has sounded a note of caution.

Distributed Ledger Technology (DLT) 40

Distributed Ledger Technology (DLT) Blockchain Central Bank Caps 40

PYMNTS

NOVEMBER 26, 2019

The SAP App Center is a fully digital enterprise marketplace where people can try, buy, manage and deploy trusted partner applications that extend existing SAP technology and solutions. The solution integrates into R3’s Corda distributed ledger platform to support interaction of the solution with existing RTGS systems.

Real Time Gross Settlement (RTGS) 60

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement Blockchain 60

PYMNTS

JULY 24, 2018

A revamped Bank of England (BoE) payments system is expected to connect with FinTech firms using distributed ledger technology (DLT). In March, BoE announced a “proof of concept” with several firms to see what changes should be implemented to RTGS so that it may support settlement with firms that use blockchain.

Real Time Gross Settlement (RTGS) 40

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Blockchain Cross-Border Payments 40

PYMNTS

OCTOBER 25, 2019

Enterprise software firm SAP is teaming up with professional services firm Accenture and blockchain company R3 to develop a distributed ledger technology (DLT) solution that aims to accelerate the settlement of payments between banks and customers. A press release issued on Thursday (Oct. ” .

Real Time Gross Settlement (RTGS) 40

Real Time Gross Settlement (RTGS) Settlement Distributed Ledger Technology (DLT) Blockchain 40

The Fintech Times

JUNE 6, 2024

Project mBridge , a collaborative initiative involving multiple central banks and the Bank for International Settlements’ (BIS), h as reached an important development milestone. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing.

Participant 45

Participant Distributed Ledger Technology (DLT) Cross-Border Payments CBDC 45

PYMNTS

AUGUST 29, 2018

Banks seem smitten by blockchain. Traditional banks, especially, and central banks, too. PwC writes in its “Global Blockchain Survey 2018” that responses from 600 executives across 15 territories are embracing distributed ledger technology (DLT) with enthusiasm.

Blockchain 40

Blockchain Distributed Ledger Technology (DLT) Financial Inclusion Interoperability 40

CoinRemitter

FEBRUARY 9, 2024

A Central Bank Digital Currency is a country’s official currency, presented in a digital form. It operates on a blockchain network and is issued and backed by the central bank of the respective country. Unlike cryptocurrencies, they’re issued by centralized authorities and can be used as legal tenders.

Digital Currency 40

Digital Currency Central Bank CBDC Distributed Ledger Technology (DLT) 40

PYMNTS

SEPTEMBER 3, 2018

In the continuing swirl of headlines that seem to blur and blend cryptos, blockchains and developing nations, a number of collaborations between large tech firms, traditional financial institutions (FIs) and FinTech upstarts stood out. Blockchain technology, he said, may boost transparency between trading firms.

Blockchain 41

Blockchain API Distributed Ledger Technology (DLT) Cross-Border 41

PYMNTS

NOVEMBER 3, 2020

Plus, blockchain projects move closer to launch in the U.S. Chase Creates New Blockchain Unit. In the latest show of support for distributed ledger technology, J.P. Morgan Chase said it has forged a new blockchain unit to focus on distributed ledger technology (DLT)-related project.

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

PYMNTS

JUNE 20, 2019

Carney also noted in published remarks , according to Coindesk , that consortia “propose to issue digital tokens that are fully backed by central bank money, allowing instant settlement.” ” He noted that projects with distributed ledger technology (DLT) could unlock “billions of pounds in capital and liquidity.”.

Distributed Ledger Technology (DLT) 46

Distributed Ledger Technology (DLT) Regulations Non-Bank Money Laundering 46

Fintech News

OCTOBER 28, 2024

The shortlisted teams, comprising fintech firms and solution providers from regions including Australia, India, the United States, and Kenya, have presented proposals utilising technologies like Artificial Intelligence (AI) and Distributed Ledger Technology (DLT) to enhance financial well-being and resilience in today’s evolving economic landscape.

FinTech 117

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 117

PYMNTS

DECEMBER 9, 2019

Esser highlighted three key areas with major opportunities for improvement in the credit union market, with CULedger finding blockchain a promising technology to address them. Esser highlighted the friction that traditionally emerges when central banks hold control in a cross-border transaction. Payment Rail Agnostic. .”

Credit Union 54

Credit Union Cross-Border Distributed Ledger Technology (DLT) Electronic Funds Transfer (EFT) 54

PYMNTS

DECEMBER 5, 2018

Central banks must work hard to keep up with the ever-changing payments landscape. While central banks with legacy RTGS systems are pondering their next moves, others are looking to incorporate the technology for the first time. Some, like Denmark , debuted their in-house solutions in the early 2000s.

Real Time Gross Settlement (RTGS) 40

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Central Bank Instant Payments 40

The Payments Association

NOVEMBER 18, 2024

At its core, De-Fi is characterised by its use of blockchain technology and smart contracts to facilitate financial transactions without needing intermediaries. In the financial services sector, asset tokenisation is a key application of blockchain technology , alongside digital currencies and secure information exchange.

Stablecoins 88

Stablecoins Distributed Ledger Technology (DLT) Digital Currency Caps 88