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OCBC Becomes First Singapore Bank to Use Blockchain for Intraday Lending

Fintech News

OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. By utilising blockchain technology, the exchange of cash and securities becomes near-instantaneous, a significant improvement over traditional repo markets where the process can take at least one business day.

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Standard Chartered, Ant Complete First Blockchain-Based SGD Settlement

Fintech News

Standard Chartered and Ant International have successfully completed their first Singapore dollar (SGD) transaction using the latter’s blockchain-based Whale platform. By integrating with the Whale platform, Standard Chartered facilitated the seamless transfer of SGD liquidity within Ant International’s group of entities.

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Mastercard and J.P. Morgan to Streamline B2B Payments with Blockchain

Fintech News

Morgan’s Kinexys Digital Payments, connecting blockchain-based tools with real-time payment rails. Morgan’s blockchain business unit, facilitates real-time money transfers using commercial bank funds. This partnership combines Mastercard’s expertise in blockchain-based solutions with J.P.

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OCBC and Ant International to Pilot Real-Time Blockchain Solution for Fund Settlements

Fintech News

This platform utilises blockchain technology, advanced encryption, and AI to enhance the speed, efficiency, and transparency of cross-border transactions. This demonstrates how blockchain can support evolving treasury and liquidity needs.

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Open Banking is the Key to Facilitating Better Payments: Eviden, Ordo and ByzGen Launch New Offering

The Fintech Times

Looking to facilitate direct payments between businesses and customers in real-time through a new open banking solution, a three-way partnership has been announced between Eviden , the Atos Group business focusing on digital, cloud, big data and security, fintech innovator Ordo and blockchain company, ByzGen.

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Xoom Enables Partners to Use PayPal USD for Faster Cross-Border Payments

Fintech News

This move aims to reduce the cost and increase the speed of international money transfers by leveraging blockchain technology. Yellow Card, Africa’s largest licensed stablecoin on/off-ramp fintech, will also leverage PYUSD to facilitate transactions. ” said Jean Henri Lhuillier, President and CEO of Cebuana Lhuillier.

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Keepz Facilitates Digital Currency Payment Option for Taxes in Georgia

The Fintech Times

By integrating blockchain-based payments into public finance using Keepz, taxpayers can now make payments via QR codes, without the need for app downloads or registrations, ensuring a frictionless user experience. ” The post Keepz Facilitates Digital Currency Payment Option for Taxes in Georgia appeared first on The Fintech Times.