PYMNTS

NOVEMBER 19, 2018

The World Blockchain Trade Consortium (WBTC) officially launched this week in Singapore with the aim to utilize blockchain technology to lower costs, reduce risk and increase funding to SMEs. When we created Invoice Check, we approached a lot of fintechs and stakeholders in the industry.

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PYMNTS

APRIL 3, 2019

It may seem that cross-border payments were in the … well … crosshairs this past week, with a number of country-by-country and company-by-company initiatives using blockchain and other methods to speed payments and lower fees. Some see distributed ledger technologies (DLT) as having the potential to drive industry-wide change.

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Cross-Border Payments Cross-Border Blockchain Distributed Ledger Technology (DLT) 92

PYMNTS

OCTOBER 8, 2020

Enterprise blockchain service provider Ripple on Thursday (Oct. 8) announced a beta offering called Line of Credit that it says lets its FinTech customers use the XRP digital currency to send cross-border payments. The service is not available to individuals.

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Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments Digital Currency 100

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! The ECB has been open to the idea, and could already be experimenting.

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

The Fintech Times

FEBRUARY 8, 2024

Abu Dhabi Global Market (ADGM), the international financial centre, has teamed up with Solana Foundation, to enhance distributed ledger technology (DLT) solutions and advance blockchain innovation.

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Distributed Ledger Technology (DLT) Blockchain Innovation Regulations 69

Fintech News

OCTOBER 28, 2024

The Monetary Authority of Singapore (MAS) has unveiled the finalists for the 2024 Global Fintech Hackcelerator. The winners of the competition will be announced on 7 November 2024 during the SFF Fintech Excellence Awards. Here Are the 18 Finalists for Global Fintech Hackcelerator 2024 1.

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

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.

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Blockchain Distributed Ledger Technology (DLT) Participant Use Case 73

Fintech News

DECEMBER 11, 2023

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). ” The post SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems appeared first on Fintech Singapore.

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PYMNTS

MARCH 7, 2018

Blockchain is now an official word in the Merriam-Webster dictionary. Of course, the FinTech industry doesn’t have to look it up, but the dictionary now defines blockchain as a technology that enables the keeping of records of financial transactions in a digital database as part of a publicly accessible network.

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Blockchain Distributed Ledger Technology (DLT) Authentication Cryptocurrency 64

PYMNTS

JUNE 8, 2020

In Hong Kong, 39 percent of new FinTech firms launched in the last year are now operating via blockchain, Cointelgraph reported. The firms are operating using distributed ledger technology (DLT), which has been growing — in 2018, the number of firms using it sat at only 27 percent by comparison.

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IRS Distributed Ledger Technology (DLT) Blockchain Cryptocurrency 52

The Fintech Times

MAY 30, 2024

Malta, a captivating blend of history and natural beauty, is carving its niche in the global fintech industry. Its allure as a fintech innovation hub stems from its strategic Mediterranean location, robust regulatory framework, and government policies that foster innovation.

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Distributed Ledger Technology (DLT) FinTech Government Governance 59

PYMNTS

OCTOBER 11, 2018

Furthermore in Asia, a Singapore-based firm focused on FX and cross-border payments, Wallex Technologies , said it raised funding via a Pre-Series A round. Additional investors include Central Capital Ventura, which according to a release is the FinTech investment arm of Bank Central Asia and Indonusa Dwitama.

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

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.

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

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. In April, the group said it had completed a proof of concept.

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

PYMNTS

NOVEMBER 21, 2018

SWIFT India , a joint venture between SWIFT SCRL and several banks, plans to test distributed ledger technology (DLT) in partnership with blockchain startup MonetaGo , Cointelegraph reported.

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SWIFT Distributed Ledger Technology (DLT) Bitcoin Blockchain 52

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.

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

Fintech News

JANUARY 30, 2024

Prototypes and proofs of concept are being developed for payment systems based on distributed ledger technology (DLT). Tokenisation and Blockchain to Secure Transactions The tokenisation market and blockchain-based decentralised finance (DeFi) systems are gaining significant traction in the payments sector.

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

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.

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B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75

PYMNTS

NOVEMBER 15, 2017

Every day the world hears about another blockchain project in the works or another distributed ledger technology consortium forming. Just last week, Deloitte found that in 2016 alone, nearly 27,000 new blockchain projects surfaced on the market. “The Mastercard. Reports said the filing, dated Nov. 9 with the U.S.

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Blockchain Distributed Ledger Technology (DLT) Visa Real Time Payments 52

The Paypers

JULY 29, 2016

(The Paypers) Bank of Canada and five other Canadian banks have revealed experiments with distributed ledger technology (DLT), the blockchain and digital currencies.

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Distributed Ledger Technology (DLT) Digital Currency Bitcoin FinTech 31

The Fintech Times

FEBRUARY 12, 2024

The partnership will enhance distributed ledger technology (DLT) solutions and advance blockchain innovation in the region. Based in ADGM, the platform will also offer private equity/venture building facilitation, to support and grow the blockchain digital asset ecosystem in the UAE region.

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Distributed Ledger Technology (DLT) Due Diligence Innovation Procedures 59

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. Take a look at the ongoing tests — and the projects that made it out of the lab — in the breakdown below. Testing Continues.

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

PYMNTS

DECEMBER 5, 2018

The Swiss Financial Market Supervisory Authority (FINMA) is aiming to boost innovation in cryptocurrency and distributed ledger technology (DLT), by easing some of the existing rules. All stablecoins on Bitfinex and Ethfinex will be traded against USD.”.

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Distributed Ledger Technology (DLT) Bitcoin Blockchain Rules 46

The Fintech Times

MAY 16, 2024

Welcome to The Fintech Times Bi-Weekly News Roundup on Thursday 16 May 2024, bringing you the latest updates from across the world. Funding and investments London-based climate fintech, ekko has closed a $2.5million funding round led by Fuel Ventures and supported by Sorven Partners, Mishcon de Reya and existing investors.

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FinTech Distributed Ledger Technology (DLT) Cross-Border Embedded Finance 64

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.

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Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

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.

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

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.

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

The Paypers

JULY 24, 2018

(The Paypers) The Bank of England has agreed that it needs a revamped payments system capable of hooking up with fintechs using distributed ledger technology (DLT), according to Reuters.

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Distributed Ledger Technology (DLT) Blockchain Payments FinTech 31

PYMNTS

NOVEMBER 6, 2019

Billon , which created the first enterprise distributed ledger technology (DLT) system, announced that it is one of six companies that have been selected to participate in the Elevator Lab Partnership Program. It was chosen from a group of over 280 applications.

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Clearly Payments

AUGUST 29, 2024

With the rise of digital payments, cryptocurrencies, and fintech innovations, CBDCs represent a new frontier in the evolution of money. 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. What Are CBDCs?

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Central Bank Digital Currency CBDC Cross-Border Payments 105

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. Plus, blockchain projects move closer to launch in the U.S. and abroad.

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PYMNTS

NOVEMBER 21, 2018

SWIFT India, a joint venture between SWIFT SCRL and several banks, plans to test distributed ledger technology (DLT) with the help of MonetaGo, Cointelegraph reported. The FinTech firms technology will reportedly work with SWIFT’s standardized financial messages, which serve the market in India.

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PYMNTS

JULY 30, 2018

IBM and CLS, a market infrastructure group delivering settlement, processing and data solutions, announced on Monday (July 30) a collaboration on a proof of concept (PoC) for LedgerConnect, a distributed ledger technology (DLT) platform for the financial services industry.

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Distributed Ledger Technology (DLT) Blockchain Value Added Service Reconciliation 40

PYMNTS

JULY 17, 2018

The blockchain hype-machine is driven largely from the technology’s proponents that say they have an application of the tool for everything: payments, risk mitigation, contracts, KYC (Know Your Customer) compliance, financing, cloud storage, an alternative to foreign exchange, credit underwriting. Earlier this year, the U.K.’s

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Blockchain Distributed Ledger Technology (DLT) Agreements Use Case 40

PYMNTS

NOVEMBER 29, 2017

Even some of the largest proponents of blockchain agree that distributed ledger technology (DLT) is still in its early days, and its impact on the financial services market probably won’t be fully understood for some time.

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Blockchain Cross-Border Cross-Border Payments Distributed Ledger Technology (DLT) 40

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 post Project mBridge Reaches MVP Stage, Expands International Participation appeared first on The Fintech Times.

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

PYMNTS

DECEMBER 9, 2019

That means opportunity for FinTech collaboration, she told PYMNTS in a recent interview, and a chance for credit unions to ramp up their reputations in the payments innovation arena. “I know the first big challenge that credit unions face is friction in the member experience,” she said. ” The Improvement Opportunity.

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