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Standard Chartered Utilises Blockchain for Cross-Border Transactions Between Hong Kong and Singapore

The Fintech Times

Heiko Nix, global head of cash management and payments at Siemens AG Heiko Nix , global head of cash management and payments at Siemens AG, said: “Siemens AG’s collaboration with Standard Chartered marks a pivotal advancement in the realm of cross-border transactions.

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Banco Santander Settles On Ripple For Settlement

PYMNTS

The funding will boost efforts in the cash management solutions space, spanning virtual accounts, FX conversions and an API with real-time execution of FX trades. The blockchain had been designed on the distributed ledger technology (DLT) via R3 ’s Corda offering. The banks said the tests had completed 1.2

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Adjoint CEO On Why Treasury Management Needs Blockchain

PYMNTS

However, with technology in place, Rodrigues explained, treasury can be transformed to become the “24/7 investment arm, to support financial and broader goals for global companies.”. Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”.

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5 Top Payment Trends Impacting Asia in 2024

Fintech News

Prototypes and proofs of concept are being developed for payment systems based on distributed ledger technology (DLT). Furthermore, Capgemini’s World Payments Report 2023 revealed that 53% of payment firms are engaging in multiple pilot projects to harness AI across the cash-management value chain.

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Central Bank Digital Currencies (CBDCs) in 2024

Clearly Payments

The BoC has engaged in several initiatives, including Project Jasper, which examines how distributed ledger technology (DLT) could be integrated into the country’s payment systems. It was introduced to promote financial inclusion in the country, especially in remote areas where access to banking services is limited.