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In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. Let’s dive in.
The fintech unicorns in Asia are moving to reshape the very fabric of how people and businesses interact with money. From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation.
Georgian fintech Keepz has collaborated with the Georgian Revenue Service to make digitalcurrencies a payment option for taxes. Keepz was the first fintech in Georgia to acquire an open banking licence and integrate cryptocurrency payments into tax collection.
The ninth edition of the Singapore Fintech Festival (SFF) wrapped up on 8th November, concluding a dynamic week-long of celebration of fintech that brought together tens of thousands of participants from around the world. The year’s conference featured an impressive lineup of over 900 speakers across more than 400 sessions.
Fintech is playing a pivotal role in the economic growth of Armenia, Azerbaijan, and Georgia. With advancements in payment systems, blockchain exploration, and digitalcurrencies, these nations are harnessing technology to transform their financial landscapes and drive future development.
Fintech is transforming financial services across Asia at an unprecedented pace. With rapid digital adoption, evolving regulations, and AI-driven innovations, the region is at the forefront of global fintech growth. The Asia-Pacific fintech market is projected to reach USD $171.32 billion in 2025 and surge to USD $359.83
Cambodia is implementing new initiatives to expand payment options for tourists by cementing blockchain-based central bank digitalcurrency (CBDC) partnerships. The National Bank of Cambodia (NBC) has been instrumental in facilitating these digitalcurrency evolutions.
dtcpay is integrating its digital payment capabilities into Visa ’s global network, giving access to over 130 million merchants across more than 200 countries and territories. This collaboration aims to bridge traditional payments with digitalcurrencies, enabling merchants to accept transactions from a growing segment of UHNW customers.
Merge, a London-based fintech, has received approval from French regulators to operate as both an electronic money institution (EMI) and a virtual asset service provider (VASP). This dual licensing enables the company to offer cross-border payment services that integrate traditional fiat currencies with blockchain-based stablecoin transfers.
The pilot showed how financial institutions can leverage blockchain technology, the Chainlink platform and the Swift network to settle subscriptions and redemptions for tokenized investment fund vehicles, thereby allowing the straight-through-processing of the payment leg without the need for the global adoption of an on-chain form of payment.
Founded in 2021, Partior utilizes blockchain technology to transform clearing and settlement, and redefine the way value moves globally. Triple-A is a digitalcurrency payment institution that allows businesses to pay and get paid in both traditional and digitalcurrencies, volatility-free.
Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients.
Additional investors include White Star Capital, Fabric Ventures, DigitalCurrency Group (DCG), The Venture Dept., The company is also in talks with regional fintechs and global merchant platforms to integrate real-time cross-border settlement into their products. and several angel investors.
This month, The Fintech Times is focusing on the world of digital assets. The idea that digital assets are exclusively some form of currency has been slowly dispelled, as new use cases emerge and are rapidly adopted across the globe. But digitalcurrencies are far from irrelevant.
.” New technologies gathering pace The research also reveals that adoption of technologies like open banking (54%) and digitalcurrencies (49%) is gathering pace in the sector, with a growing number of firms also now using and AI analytics (34%), blockchain (32%), embedded finance (26%) and stablecoins (20%).
Retailers will also benefit from same-day settlement in local currencies like EUR, GBP, USD, and CHF, ensuring a smooth, risk-free integration. Lunu Pay’s cutting-edge technology makes crypto payments accessible to retailers by automatically converting digitalcurrencies into euros or other local currencies at the point of payment.
Serenity , a tech and blockchain solution provider, and IDEMIA Secure Transactions (IST), a global leader in payment and connectivity solutions, announced the launch of sAxess , a biometric security card to improve data access control, security, and recovery.
PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event. “Continued adoption from industry participants like PayPal helps realise the next generation of fintech innovation.”
Central Bank DigitalCurrencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial transactions. With the rise of digital payments, cryptocurrencies, and fintech innovations, CBDCs represent a new frontier in the evolution of money.
Singapore embraces digitalcurrencies, combining cutting-edge innovation with solid regulations to ensure a safe trading environment. Cryptocurrency is a digitalcurrency form that uses cryptographic technology to secure transactions and control the creation of new units. Youre in the right place. What is Cryptocurrency?
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! The ECB has been open to the idea, and could already be experimenting.
Hong Kong and Singapore are highlighted by Sumsub as two of the worlds top 10 crypto-friendly jurisdictions, recognized for their robust regulatory frameworks, advanced infrastructure, and commitment to fostering fintech innovation. Asia is a global leader in crypto adoption. million out of 560 million crypto owners worldwide.
Wirex , a Web3 money app, is partnering with digital payments giant Visa to further the use of digitalcurrencies in the UK and the European Economic Area (EEA). It showcases fintech innovation by enabling seamless transactions between blockchain technology and traditional finance.
StraitsX has launched its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), marking a new phase in its collaboration with Ripple to support real-time digital payments across Asia. said Liu Tianwei, Co-Founder and Deputy CEO at StraitsX.
. “This product expansion represents our most aggressive push across traditional and digital finance and brings users to one simple app for industry-leading benefits through Level Up,” Crypto.com President and COO Eric Anziani said. Swift, UBS, and Chainlink conclude blockchain pilot That’s a wrap!
It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. blockchain startup Envoy will be used to bolster its supply chain and trade finance platform, the company told PYMNTS in an emailed announcement.
The fintech landscape in the Asia Pacific (APAC) region has been evolving at a remarkable pace, with start-ups and established companies redefining how financial services are delivered and consumed. Today, we will explore five top fintech trends in the APAC region for 2024, supported by statistics and insightful information.
WadzChain Network, a global leader in innovative blockchain technology, announced today the launch of one of the world’s first hybrid blockchains intending to transform global payments for businesses. The blockchain is perfect for diverse businesses and use cases, from small startups to large enterprises.
In recent years, digitalcurrencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. Find out how blockchain is being used outside of crypto.
Furthermore, the report takes a forward-looking approach, incorporating forecasts for 2025 and exploring pivotal themes such as artificial intelligence in payments, the evolution of tokenisation and decentralised finance (DeFi), and the adoption of emerging technologies like blockchain, generative AI, and machine learning.
Looking to bridge the world of fiat and digitalcurrencies, Fipto , a blockchain-based payment infrastructure, is looking to make it easier for firms to integrate stablecoins and optimise existing global payment flows using blockchain.
This incident, referred to by the FBI as “TraderTraitor,” marks one of the largest digitalcurrency heists to date. In a public announcement, the FBI detailed that the malicious actors swiftly converted the stolen assets into bitcoin and other cryptocurrencies, dispersing them across numerous blockchain addresses.
As part of those efforts, the lab is being used to explore “whether there is a role for a digital Australian dollar — that is, an Australian [central bank digitalcurrency (CBDC)] — in the context of the bank’s responsibilities for issuing the currency and overseeing the payments system.”. The Rewards.
Bridging the Gap: A Collaborative Approach to Blockchain & Crypto Partnerships with Shayaan Khanna at Mastercard As recently as 2022, it seemed as though blockchain and cryptocurrency companies were about to reshape large swathes of the global financial sector right away.
PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. Mastercard Leads Central Bank DigitalCurrency Test. Zero Hash is a digital assets technology company offering solutions for FIs and other service providers in a Software-as-a-Service business model.
Central bank digitalcurrencies (CBDCs) have a lot of potential to uproot the cross-border payments market. RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC.
In January 2025, the Swiss Financial Innovation Desk (FIND) announced the release of Pathway 2035 for Financial Innovation Your Navigator , a guide designed to steer financial and fintech leaders toward a resilient future. Panel and Organising Committee of the Event ReDesigning Financial Innovation.
And there's still no sign of a central bank digitalcurrency, leaving the U.S. Several government agencies have made deeper moves into crypto oversight, leaving a trail of angry executives and unresolved political questions. at risk of falling behind other countries in the race to support faster payment processing.
Initially, these will use fiat currencies, but Swift plans to eventually integrate tokenised forms of money such as central bank digitalcurrencies (CBDCs) and stablecoins. Swift is also addressing the growing fragmentation in the digital asset ecosystem.
The UK’s Regulated Liability Network has chosen R3 , a company specialising in enterprise distributed ledger technology and services, as well as Quant , a blockchain provider for finance, to develop the technology prototype for its experimental stage.
Over the past decade, Singapore has emerged as a global powerhouse in fintech innovation, not just in Southeast Asia but across the broader Asian region. This rapid growth has solidified Singapores position as a leader in the global fintech ecosystem while driving significant investments in other forms of financial tech.
Ozean , a blockchain for Real-World Assets (RWA) yield launched by Clearpool , is joining forces with First Digital , a Hong Kong-based group offering global multi-asset custodial, trust, payments and stablecoin solutions, as part of WakeMaker, Ozean’s accelerator programme.
Morgan, has introduced Project Carina, a new initiative aimed at accelerating cross-border payments through blockchain technology, according to RYT9. Announced at Money20/20 Asia in Bangkok, the project integrates KASIKORNBANK’s Quarix blockchain with J.P. dollar deposits. dollar deposits. dollar account held at J.P.
In H1 2024, fintech startups in Asia raised a total of US$2.4 Despite current funding challenges, fintech experts and industry observers are still optimistic about the region’s long-term growth prospects, driven by factors such as a young population, a large consumer base, and supportive government initiatives.
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