PYMNTS

JULY 31, 2019

So, why do cross-border payments present so many challenges? For example, if, in a particular market, different transaction limits apply for consumer versus business remittances, or for domestic versus cross-border transactions, we can provide these custom controls. Blockchain and AI to the Rescue.

Cross-Border Payments 72

Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

Payments Source

MAY 9, 2018

The banks contend distributed ledger technology (DLT) makes it easier to coordinate trade finance deals. And the use of smart contracts can help parties comply with contractual obligations such as staged payments.

Distributed Ledger Technology (DLT) 63

Distributed Ledger Technology (DLT) Cross-Border Blockchain Finance 63

PYMNTS

SEPTEMBER 15, 2020

PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. The FI is using TCS' BaNCS for Payments technology to streamline cross-border payment processing that covers six different countries, including Singapore, India, the United Arab Emirates and the United Kingdom.

RTP 105

RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105

PYMNTS

APRIL 1, 2019

The jockeying for cross border-payments continues, and SWIFT and Ripple continue to dominate the headlines. At heart of the matter, of course, is the place (or choice) of using distributed ledger technology (DLT) to underpin the transactions — especially B2B transactions.

Cross-Border 61

Cross-Border Distributed Ledger Technology (DLT) Cross-Border Payments Transactions 61

PYMNTS

APRIL 5, 2019

A new blockchain association has been created to promote the adoption of the technology across the European Union. The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations.

Distributed Ledger Technology (DLT) 75

Distributed Ledger Technology (DLT) SWIFT Blockchain Cross-Border 75

PYMNTS

JULY 30, 2019

Cross-border payment revenues currently account for approximately $200 billion, a significant slice of the payments pie. Differing regulations between sending and receiving countries are challenging to navigate, and cross-border transactions can take up to several days to complete as they are routed through intermediary banks.

Distributed Ledger Technology (DLT) 80

Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments Blockchain 80

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 116

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

PYMNTS

FEBRUARY 8, 2018

Soon after Ripple announced a collaboration with MoneyGram, the blockchain firm revealed yet another partnership, this time in China. Reports in Blockchain News on Wednesday (Feb. Reports in Blockchain News on Wednesday (Feb. Cross-border payments related to China’s eCommerce market reached $1.07

Real Time Payments 77

Real Time Payments Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 77

PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! DLT would also help in terms of cross-border payments, he said.

Digital Currency 94

Digital Currency Central Bank Distributed Ledger Technology (DLT) CBDC 94

PYMNTS

JULY 31, 2019

Cross-border transactions remain difficult to navigate due to the various regulations and technologies available in different countries. I liken cross-border payments to a multidimensional Rubik’s Cube,” said Vikram Modi, vice president and head of Visa Direct Global Platform at Visa.

Cross-Border Payments 57

Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 57

PYMNTS

SEPTEMBER 20, 2018

The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC).

Blockchain 75

Blockchain Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 75

PYMNTS

MARCH 14, 2019

The movement to bring blockchain to cross-border payments proceeds apace. Might SWIFT be giving a nod, at least partially, toward the use of distributed ledger technology (DLT)? SWIFT is not planning to use blockchain directly in efforts to settle transactions done between banks. One caveat?

SWIFT 74

SWIFT Blockchain Distributed Ledger Technology (DLT) RFP 74

PYMNTS

OCTOBER 11, 2018

Beyond that trading, noted Forbes , there has been speculation that banks would embrace Ripple to move money through cross-border conduits. In news that may be separated from the vagaries of cryptocurrency trading, Banco Santander said this week that it will use Ripple’s ledger, bringing payments across the bank’s OnePay FX platform.

Settlement 77

Settlement Distributed Ledger Technology (DLT) Cross-Border Payment APIs and Integration 77

PYMNTS

NOVEMBER 7, 2018

In other news, Singapore is utilizing blockchain to introduce changes to its renewal energy trade. And as of last week, companies can now use a blockchain-powered system for their REC trading. At this time, 15 of the world’s largest global banks are conducting end-to-end, structured user acceptance tests.

Bitcoin 73

Bitcoin Distributed Ledger Technology (DLT) Blockchain Cross-Border 73

PYMNTS

OCTOBER 1, 2018

In the age of blockchain, all manner of physical assets are making the leap to bits and bytes. Blockchain can track transactions of all sorts and create a connected record — and that blockchain is rapidly cleaving from the cryptocurrency clamor to which it was once inextricably linked. percent pure.

Blockchain 73

Blockchain Distributed Ledger Technology (DLT) Cross-Border Wire Transfer 73

PYMNTS

SEPTEMBER 26, 2018

“Building on the enterprise blockchain technology, Visa B2B Connect is a new transaction platform designed for the exchange of high-value international payments between participating banks on behalf of their corporate clients. . “We think we can accelerate that as an integrated solution.” ”

Distributed Ledger Technology (DLT) 65

Distributed Ledger Technology (DLT) B2B Cross-Border Payments Cross-Border 65

PYMNTS

JUNE 13, 2019

For blockchain technology, the crux of many of its purported benefits for the enterprise is its decentralized nature, which, proponents of distributed ledger technology (DLT) have said, promotes visibility and makes it more difficult for data to be manipulated.

Blockchain 73

Blockchain Distributed Ledger Technology (DLT) Participant Use Case 73

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. Sweden’s central bank recently asked Accenture to help with the development of its e-krona pilot for digital currency, earlier this month.

Distributed Ledger Technology (DLT) 53

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

Clearly Payments

AUGUST 29, 2024

A Central Bank Digital Currency (CBDC) is a digital form built on blockchain technology of a country’s fiat currency issued and regulated by the central bank. Wholesale CBDCs : These are designed for financial institutions and are used for large-scale transactions, such as interbank transfers or cross-border payments.

Central Bank 105

Central Bank Digital Currency CBDC Cross-Border Payments 105

PYMNTS

JANUARY 2, 2019

Visa ended 2017 with a B2B payments focus that it kept rolling early in 2018 as it began testing and expanding B2B Connect , its cross-border corporate payments solution that integrates distributed ledger technology (DLT). American Express Bets On Blockchain In B2B. Visa Acquires Fraedom.

B2B 75

B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75

CB Insights

AUGUST 23, 2018

As trade wars intensify, banks are looking to blockchain as a way to streamline international trade transactions. 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. First Name.

Distributed Ledger Technology (DLT) 63

Distributed Ledger Technology (DLT) Blockchain Finance Cross-Border 63

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

Fintech News

JANUARY 30, 2024

Prototypes and proofs of concept are being developed for payment systems based on distributed ledger technology (DLT). These include cross-border Payment versus Payment (PvP) transactions and wholesale market Delivery versus Payment (DvP) transactions. The global tokenisation market, valued at US$2.39

Payments Trends 122

Payments Trends Digital Currency Distributed Ledger Technology (DLT) Cross-Border Payments 122

PYMNTS

OCTOBER 26, 2017

Hong Kong and Singapore have reached an agreement to link their perspective trade finance platforms using blockchain technology, according to news from Reuters on Wednesday (Oct.

Distributed Ledger Technology (DLT) 43

Distributed Ledger Technology (DLT) Blockchain Cross-Border Authorization 43

PYMNTS

JULY 5, 2018

It seems that blockchain may never leave the lab and enter the real world. And, indeed, this week’s Blockchain Tracker continues its coverage of ongoing tests and trails of blockchain solutions. The FRL appears to be taking a cautious approach to the technology. Testing Continues. This week, the U.K.

Blockchain 47

Blockchain Distributed Ledger Technology (DLT) Cross-Border Finance 47

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

AUGUST 2, 2018

Blockchain, blockchain everywhere. Reports came this week that the much-touted distributed ledger technology (DLT) may be less savior for all manner of problems across the business landscape than thought. By using blockchain , the impetus is to make sure that data cannot be altered.

Blockchain 44

Blockchain Distributed Ledger Technology (DLT) Cross-Border Settlement 44

PYMNTS

OCTOBER 22, 2019

Money constantly flows across borders in the increasingly interconnected global economy, from workers overseas back to their families, and from buyers to their suppliers. Distributed ledger technologies (DLT) have also been considered for facilitating both P2P remittances and B2B cross-border payments.

Cross-Border Payments 41

Cross-Border Payments Cross-Border P2P B2B 41

PYMNTS

SEPTEMBER 18, 2019

financial institution Wells Fargo has announced plans to pilot an internal settlement solution that operates on distributed ledger technology (DLT). The digitized cash, in the form of a tokenized dollar, operates on Wells’ first blockchain platform. In a press release on Tuesday (Sept.

Distributed Ledger Technology (DLT) 49

Distributed Ledger Technology (DLT) Stablecoins Cross-Border Cross-Border Payments 49

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

Fintech News

OCTOBER 28, 2024

The 18 finalists have been selected based on solutions to challenges in credit access, financial literacy, cross-border payments, and personalized protection, among other areas. It uniquely combines behavioural science, AI and gamification with blockchain technology to create lasting financial habits.

FinTech 119

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 119

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

DECEMBER 6, 2017

Nearly every day, it seems, another technology company announces its vision for blockchain. But highly specialized startups aren’t the only ones playing around with distributed ledger technology (DLT). One of the largest question marks plaguing blockchain is the uncertainty over incoming regulation.

Blockchain 50

Blockchain Distributed Ledger Technology (DLT) Third-Party Service Provider Government 50

PYMNTS

FEBRUARY 14, 2018

Spending on blockchain technologies will ramp up to $9.2 Its latest Worldwide Semiannual Blockchain Spending Guide also calculated a compounded annual growth rate (CAGR) of blockchain spend of 81.2 As a leader in blockchain innovation and integration, the U.S. Microsoft IDs Its Next Blockchain Use Case.

Blockchain 44

Blockchain Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 44

PYMNTS

JUNE 13, 2018

While banks have been investigating and investing in distributed ledger technology (DLT) the team at Ripple does not believe that DLTs are likely to make an appearance any time soon when it comes to processing cross-border payments. Issues around scalability and privacy are still too pointed. “I

Distributed Ledger Technology (DLT) 53

Distributed Ledger Technology (DLT) Transactions Cross-Border Blockchain 53

PYMNTS

FEBRUARY 11, 2020

In cross-border trade, trust has historically been a critical part of the equation. From invoice fraud to cyberattacks, the threats hampering trust in cross-border trade continue to grow. One of the most promising tools in this space, according to Tarone, is blockchain. But blockchain goes further, said Tarone.

Finance 53

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

The Fintech Times

JUNE 6, 2024

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). The platform now invites further international participation and private sector proposals for value-added solutions.

Participant 45

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