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Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

Initially developed by the BIS Innovation Hub, Project Nexus aims to link domestic instant payment systems (IPS) through a single multilateral gateway, replacing the current patchwork of costly and complex bilateral connections. What strategic benefits does Nexus offer APAC banks aiming to modernise their cross-border payment capabilities?

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Universal Digital Payments Network (UDPN) and FORUS Digital Announce Strategic Cooperation to Advance Financial Innovation in Africa

Fintech Finance

This partnership is set to empower African communities, governments, and businesses, and represents a significant step toward realising the shared goal of financial inclusion and economic advancement across Africa, with blockchain and decentralised finance at the forefront of this transformation.

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Blockchain Makes Headway Over Legacy X-Border Rails

PYMNTS

This week’s examination of the latest initiatives to target B2B payments friction from the ground up finds a mix of strategies. For some, like Currencycloud and Steamchain, the path involves bypassing legacy payment rails and embracing blockchain. Steamchain Lands Investment For Blockchain Tech.

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SWIFT To Open gpi To Blockchain Firms

PYMNTS

Payments messaging firm SWIFT will allow blockchain companies to connect into its global payments innovation (gpi) platform, SWIFT said in its latest report on the future of payments. The initiative follows a collaboration between SWIFT and R3 that was announced in January, reports noted.

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SWIFT Now Looking At Blockchain For Interbank Payments

PYMNTS

Financial messaging firm SWIFT made its first public embrace of blockchain technology last year with a whitepaper exploring the use of the technology for smart contracts. Now, it seems the company is taking the next step in adopting blockchain for real-world uses. An announcement Thursday (Jan. An announcement Thursday (Jan.

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SWIFT Reveals Success, Future Challenges Of Blockchain PoC

PYMNTS

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation and more. The solution deploys Hyperledger to assess the potential for blockchain to enhance bank-to-bank transactions.

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Smarter Payments Tracker Eyes Interoperability

PYMNTS

In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. But as the Tracker explores, there are several initiatives in the works to tackle those challenges — including in the corporate sphere.