PYMNTS

JANUARY 26, 2020

Some central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC), according to a release by the Bank of England on Jan.

Central Bank 100

Central Bank CBDC Digital Currency Cross-Border 100

Open Banking Excellence

MAY 2, 2024

We have an Open Banking and Open Finance movement already, as well as CBDC concepts moving to the pilot stage. This makes us leaders within the region and a hub for innovation within the ‘Middle Corridor’. We are an observing member of Project mBridge, which is focused on interoperable CBDCs.

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

Fintech Finance

MARCH 26, 2024

Interoperability is critical to Swift’s strategy for instant and frictionless transactions. The second phase of sandbox testing went further, exploring more complex use cases, using Swift’s solution to connect and orchestrate transactions across simulated digital trade and tokenised asset and FX networks, alongside CBDCs for payments.

Cross-Border 52

Cross-Border Use Case SWIFT CBDC 52

PYMNTS

OCTOBER 9, 2020

And we’re not talking about the myriad of cryptos that have popped up hither and yon, offered by private companies across what is still a Wild West for issuance (with no real set of security principles, yet) and scattered use cases. Beyond that, national efforts are piecemeal. Fed, the Swiss National Bank and others.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

PYMNTS

SEPTEMBER 8, 2020

And although it’s not a winner-take-all competition, central banks first out of the gate might prove instructive to those who follow — particularly when it comes to new use cases or the goal of democratizing banking and digital payments. Digital wallets that use QR codes will be interoperable with the system.

Digital Currency 87

Digital Currency Central Bank CBDC Instant Payments 87

Fintech News

DECEMBER 20, 2023

Developments include cross-border quick response (QR) payment linkages, connectivity between real-time national payment schemes, and the ongoing Singapore Response Code Scheme (SGQR+) project focusing on furthering QR code payment interoperability.

FinTech 109

FinTech Cross-Border CBDC Web 3.0 109

Faster Payments Council

MARCH 15, 2023

With the system joining the existing RTP system, both promising to modernize the way money moves and allow for greater use of instant payments, it seems the shift to real-time payments is 'inevitable'. Whether we will see these services gain traction is tied to what many believe to be a major hurdle–interoperability.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

PYMNTS

JANUARY 28, 2021

With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Evolving Use Cases. Digital assets are no longer a futuristic pipe dream in modern economy. It’s not a zero-sum game.”.

Treasury 84

Treasury Cross-Border Cross-Border Payments Interoperability 84

Fintech Finance

MARCH 12, 2024

This will allow the exploration of payment use cases using the Brazilian digital currency in situations where there is no internet connection or electricity grid. 2 The Central Bank of Brazil plans to launch the CBDC DREX by the end of 2024. Only in this way can it be a truly inclusive public digital currency.

CBDC 52

CBDC Financial Inclusion Digital Currency Use Case 52

Fintech Finance

JANUARY 11, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

Faster Payments Council

SEPTEMBER 12, 2022

How can we look to this rapidly growing business for new use cases for instant payments? The panel will discuss issues such as security, governance, and interoperability as well as concerns that the U.S. What will this look like in the coming years? market needs to keep in mind when creating directories.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

PYMNTS

JANUARY 21, 2020

21), at least some of those central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC). between banks) done through CBDC. is joining the CBDC fray. But as reported Tuesday (Jan. Federal Reserve is also absent from the roster.

Central Bank 57

Central Bank Digital Currency CBDC Federal Reserve 57

Clearly Payments

JANUARY 4, 2024

Each cryptocurrency operates on its own underlying technology and has unique features that may cater to different use cases. Monetary Policy: CBDCs offer central banks improved tools for implementing monetary policy and monitoring economic activity, contributing to more effective financial governance.

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

Fintech News

DECEMBER 13, 2024

Finally, stablecoins face competition from CBDCs, as many governments prioritise CBDC development over private stablecoins. This creates a competitive landscape for adoption and integration, requiring stablecoin projects to demonstrate their unique value propositions and interoperability with existing and evolving financial systems.

Stablecoins 109

Stablecoins Cross-Border Cross-Border Payments Caps 109

CoinRemitter

FEBRUARY 9, 2024

If CBDCs go mainstream, they can dominate the world of digital payments. However, CBDC payments cannot be as anonymous as crypto payments. Central Bank Digital Currency Launches So Far The first CBDC launch happened in 2020, which was DCash by The Central Bank of The Bahama. CBDCs are launched in a controlled environment (i.e.

Digital Currency 40

Digital Currency Central Bank CBDC Distributed Ledger Technology (DLT) 40

Fintech News

FEBRUARY 27, 2024

The Reserve Bank of Australia (RBA) also played a crucial role by exploring the concept of retail and wholesale Central Bank Digital Currencies (CBDC) through its eAUD pilot programme , which focused on a wide array of use cases and essential legal aspects.

APACS 132

APACS Regulations Stablecoins Cryptocurrency 132

Fintech News

OCTOBER 28, 2024

Finalists in the corporate categories were evaluated based on impact, sustainability, practicality, interoperability, and creativity, while individual submissions were assessed on contributions to the Singapore fintech sector. Four finalists were shortlisted in each category.

AI 108

AI FinTech Innovation Payment APIs and Integration 108

The Fintech Times

FEBRUARY 19, 2024

. “Combined, these benefits would substantially improve cross-border payments in particularly underserved corridors, and enable a multitude of sophisticated use cases more generally through native composability or bundling of conditional transactions enabled through tokenisation. BIS Aurum) and interoperability solutions (e.g,

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

Fintech News

MAY 8, 2024

Thailand, under the guidance of the Bank of Thailand (BOT) , has been at the forefront of this movement, continuously studying and testing the feasibility of a Retail CBDC since 2018. The project evolved, incorporating enhanced functionalities, cross-border fund transfers, and a Corporate CBDC Pilot Program.

CBDC 125

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 125

The Fintech Times

NOVEMBER 23, 2024

Continuing the second phase of piloting its central bank digital currency (CBDC), Drex, the Central Bank of Brazil (BCB) has selected Brazilian digital bank Banco Inter , Microsoft Brazil , blockchain platform Chainlink , and 7COMm , a decentralised finance-focused firm, to build a trade finance solution.

CBDC 124

CBDC Central Bank Cross-Border Finance 124

Fintech News

DECEMBER 15, 2024

This marks a critical milestone in the exploration of a Central Bank Digital Currency (CBDC). The PoC included a range of technical evaluations, such as testing interoperability standards like ISO 20022 for cross-border transactions, and integration methods with existing infrastructures like BI-RTGS.

CBDC 113

CBDC Distributed Ledger Technology (DLT) ISO 20022 Cross-Border 113

Fintech Finance

NOVEMBER 21, 2024

FORUS Digital has positioned itself in Africa to help central banks and commercial banks in their journey towards CBDC using the UDPN All-in-One Digital Currency Sandbox. Statista indicated that the Digital Assets market in Africa is projected to reach a revenue of US$3,115.0m

Payment Networks 98

Payment Networks Digital Payments Digital Currency Innovation 98

Fintech News

JANUARY 9, 2025

The processes included converting reserve account balances into digital Rupiah and vice versa, ensuring seamless interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system. Following the success of the Immediate State, the Intermediate State phase will expand digital asset use cases.

Distributed Ledger Technology (DLT) 127

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 127

The Payments Association

JANUARY 15, 2025

Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. This is an example of how the scale of the Swift network can be leveraged to interoperate market infrastructures to enhance the user experience.

SWIFT 88

SWIFT ISO 20022 Cross-Border Cross-Border Payments 88

The Payments Association

DECEMBER 2, 2024

A survey conducted this year indicates that 85% of senior payment professionals identified fraud detection as the most significant use case for AI , aligning with the banks’ focus on implementing generative AI for improved fraud detection and securing payment data.

Embedded Finance 88

Embedded Finance Payments Fraud Detection CBDC 88

The Payments Association

APRIL 14, 2025

It introduces a richer, more structured data format for payment messages, designed to enhance interoperability, increase efficiency, and reduce ambiguity in financial communications. Engage in industry-wide testing phases, scheduled to begin in January 2027, to validate readiness and interoperability with other market participants.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88