This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. This approach aims to maximise returns on excess liquidity through reverse repurchase agreements (reverse repos) conducted on J.P. This system allows OCBC to lend cash to J.P.
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.
DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquiditymanagement solution, in collaboration with Ant International. DBS’ permissioned blockchain is Ethereum virtual machine (EVM)-compatible and is integrated with its core payments engine.
DBS Bank has introduced DBS Token Services, a suite of banking services that uses blockchain technology to offer faster and more efficient transactions for institutional clients. This blockchain service operates through DBS’s permissioned blockchain, ensuring full control while maintaining compliance.
DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquiditymanagement, in collaboration with Ant International.
. “This partnership represents a landmark moment of connecting private payment network rails to tokenized assets on public blockchain networks. ” Mastercard’s MTN brings together a set of API-enabled, blockchain tools and standards to enable innovative business models under one platform.
Through collaborative innovation with global financial institutions, we leverage blockchain technology to provide 24/7 real-time cross-border settlement serviceability to our global business and clients. In 2024, the blockchain solution supported over one third of Ant International’s total processing volume.
Following a new partnership between Centiglobe , the cross-border payment infrastructure solutions provider, and Mastercard Move , Mastercard s portfolio of global money movement solutions, customers using Centiglobe’s blockchain-based payments platform will now be able to use Mastercard Move through a single integration.
With this collaboration, Mastercard Move will be available to members of Centiglobe’s blockchain-based payments platform – regulated banks and payment service providers – through a single integration. Centiglobe’s mission is to reshape global payments with faster, more secure, and accessible cross-border transactions.
Nium, a global payments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. The partnership allows financial institutions to connect with Nium for faster, more transparent cross-border payments.
Plus, blockchain makes new inroads in the B2B arena. That means opportunities to wield real-time payments for liquiditymanagement, while the payment rails that facilitate real-time transactions are also embracing the movement of data that can be especially valuable to business end users, he said. BitPay Debuts BitPay Send.
” Blockchain-enabled cross-border payments StraitsX , a payments infrastructure provider for the digital assets space in Southeast Asia, has officially gone live in partnership with Ant International and Grab. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”
Singapore's DBS is collaborating with Ant International on a blockchain-based tokenization project for 24/7 intra-group treasury and liquiditymanagement.
Blockchain is increasingly garnering headlines and attention for its use cases beyond cryptocurrencies. One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquiditymanagement. Real-Time Window To Treasury Management.
This will require operational safeguards and possibly stricter liquiditymanagement to meet new compliance benchmarks. This will include showcasing capabilities in areas such as enhanced due diligence, blockchain analytics, and robust market surveillance. This also positions them as thought leaders in the sector.
Matt Barclay , chief revenue officer at BVNK, also said: “FDUSD resonates deeply with the needs of businesses globally, where cross-border payments and liquiditymanagement are critical. Together, were not just scaling adoption of FDUSD but also empowering businesses to operate seamlessly across diverse financial ecosystems.”
Singapore-based blockchain payments firm Partior recorded a significant 75% surge in losses for 2023, primarily attributed to a substantial rise in expenses, DealStreetAsia has learned. Partior plans to integrate more currencies and add new capabilities such as intraday FX swaps and programmable enterprise liquiditymanagement.
Today, Ripple , the leader in enterprise blockchain and crypto solutions, announced a new partnership with Clear Junction , the global leader in cross-border payments solutions for regulated institutions. A host of new currencies are scheduled to be switched on for Ripple customers later this year. “At
But the gradual shift will also give way to the ability for technologies like blockchain and robotics automation to make even further progress in helping middle-market corporates achieve greater control over (and visibility into) their money. ”
How financial asset tokenisation works Real-world asset (RWA) tokenisation is converting ownership rights into digital tokens on a blockchain. This use case and its benefits have been demonstrated by several major banks that have already executed tokenised bond issuance on both permissioned and public blockchains.
SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquiditymanagement and reconciliation and more. The solution deploys Hyperledger to assess the potential for blockchain to enhance bank-to-bank transactions.
The platform’s 24×7 blockchain network can interoperate with real-time local currency payment and RTGS systems globally, facilitating both direct and indirect settlement flows with market players. Partior says it is working to unify global liquidity by interlinking digital asset platforms with its next-generation settlement technology.
The firm is leveraging its blockchain and Internet of Things (IoT) technologies to record the real-time operational status of physical assets and upload this information to the blockchain.
The platform is built on blockchain technology provided by Ripple to offer liquiditymanagement and support domestic or cross-border transactions. It integrates into faster payment schemes, ACH and bank networks, and has integrated machine learning technology to automate payment routing based on “speed, cost and FX rates.”
Blockchain technology firm Ripple, along with payment platform Expertus, want to make it easier for the world’s financial institutions to test out the blockchain. Expertus and Ripple added that their tool will enhance liquiditymanagement for banks and their corporate customers.
Douglas Feagin, President of Ant International, said: “Europe is an important region for Ant International, with the rise of cross-border commerce and the increase in travellers to the region, and of course, the excitement around UEFA EURO 2024 this year.
Unravelling the complexity of cross-border payments Cross-border payments serve as vital arteries of international commerce, from traditional bank transfers to cutting-edge blockchain technologies, accommodating a broad spectrum of transaction mechanisms.
The Practicalities of Cross-Border Payments in a Faster Payments World also highlights the challenges faced by fintech companies, providing insights into regulatory compliance, security, foreign exchange rate risks, lack of transparency, high costs, interoperability, data privacy, competition with financial institutions, and liquiditymanagement.
This trial showcased the capability for efficient cross-currency transfers, including processes like foreign exchange conversion, liquiditymanagement, and issuance of retail and wholesale CBDCs. The participants noted significant improvements in the efficiency, cost, speed, and transparency of cross-border transactions.
Nium has partnered with Partior, a blockchain-based fintech for clearing and settlement. The move makes Nium the first payment service provider to join Partior’s blockchain-based network, enabling real-time cross-border payments, clearing, and settlement across 100+ markets.
Blockchain-based financial infrastructure company Partior has raised more than $60 million in Series B funding. Partior’s 24/7 blockchain network works with real-time local currency payment and RTGS systems globally and facilitates direct and indirect settlement flows with market participants. The AI component of FSTI 3.0
According to JPMorgan, clients who use its SEPA Instant and other real-time payment schemes benefit from immediate payment finality, the ability to address immediate business needs, easier reconciliation, better financial control and budgeting, improved liquiditymanagement and an enhanced customer experience.
Trade Credit & LiquidityManagement is a reader-supported publication. About the Companies: Paystand: Utilizes blockchain and cloud technology to digitize and automate the entire cash lifecycle, reducing time-to-cash, eliminating transaction fees, and enabling new revenue streams.
.” Ant International will leverage BNP Paribas’ infrastructure to develop its Whale platform, a treasury management solution that utilises blockchain technology, advanced encryption and AI, to improve the efficiency and transparency of fund movement between bank accounts for better global liquiditymanagement.
The team has a proven track record in AI, blockchain, and systems architecture, successfully leading tech projects and founding innovative companies. Additionally, the Browser Extension enhances online security by analyzing images on web pages in real time and providing immediate feedback on their authenticity through our subnet validators.
Defining one’s own routing rules provides greater visibility and liquiditymanagement to corporates, said Tripathi, allowing businesses to decide when and how they want the money to move.
Companies dealing with digital assets, whether for treasury management, payments, or custody, need robust and compliant solutions. The best fintech tools for crypto enable safe, scalable engagement with blockchain-based finance. Best for : Enterprises seeking full treasury and risk management integration.
The system would facilitate 24/7 year-round interbank settlements of faster payments and also provide a liquiditymanagement tool to support transfers between Federal Reserve accounts. Against this backdrop, the Federal Reserve proposed creating its own real-time payments service in October 2018.
Along with real-time conversions comes the need for real-time FX volatility management. Other areas of real-time processes include cash and liquiditymanagement. That service is based on the Rich Communication Services global messaging standard and the TBCASoft cross-carrier blockchain platform.
Increasingly, the financial services industry is targeting sluggishness in corporates’ cross-border payments, too, through technologies like blockchain and the development of faster payment rails around the globe. From the bank’s point of view, transit from batch processing to real-time processing is not a minor issue.”.
Distributed open source payment network Ripple has extended its partnership with Expertus Payment Platform to offer banks a way to explore use of the blockchain and Ripple’s distributed ledger for real-time payments. bank to do blockchain-based international payments using Ripple.
By leveraging blockchain technology, Bitso aims to position MXNB as a localized alternative to US Dollar-backed stablecoins like USDT and USDC. Fintech Solutions : Expands market access for local and foreign entities through digital assets.
. – making the life-cycle management and payments related to these assets an ever-increasing challenge. Newer infrastructure platforms are being built using blockchain / distributed ledger technology, posed to remediate the functional inefficiencies of legacy systems across product lines.
Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquiditymanagement. RTP, on the other hand, is interoperable which allows third-party apps like Zelle to access and build products on.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content