Fintech News

NOVEMBER 3, 2024

GL1 will define control principles, develop specifications, and ensure “compliance by design” to align governance and risk management practices. Access to a common settlement facility is also being facilitated through the SGD Testnet, featuring S$ wholesale central bank digital currency (CBDC) for market testing.

CBDC 119

CBDC Settlement Digital Currency Cross-Border 119

The Payments Association

JUNE 3, 2025

Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments.

Security 88

Security Payment APIs and Integration Payment Security Credential 88

The Fintech Times

NOVEMBER 4, 2024

In 2023, the central bank launched the Global Layer One (GL1) initiative, to help develop foundational digital infrastructures, on which it could deploy commercial networks. Morgan , MUFG and Societe Generale-FORGE have led efforts to define the business, governance, risk, legal and technology requirements of the platform.

Authorization 83

Authorization CBDC Multi-Currency Settlement 83

PYMNTS

NOVEMBER 16, 2020

The European Central Bank (ECB) has plans to independently investigate an incident that affected its TARGET2 real-time gross settlement system on Oct. It is owned and operated by the Eurosystem and allows bank submissions from central banks and commercial banks.

Central Bank 86

Central Bank Interoperability Cybersecurity Settlement 86

Fintech News

FEBRUARY 28, 2025

The Role of the NSO in Cross-Border Payments To bring this vision to life, the Nexus Scheme Organisation (NSO) is being established to govern and manage Project Nexus. Based in Singapore, the NSO will be owned by the central banks and IPS operators of participating countries.

Cross-Border Payments 70

Cross-Border Payments Cross-Border Payment APIs and Integration ISO 20022 70

Open Banking Excellence

MAY 2, 2024

Within all our projects – which range from central bank digital currencies (CBDCs) to Know-Your Customer (KYC) APIs – we aim to lower entry barriers for new entrants into the ecosystem. The Georgian banking sector is well-developed, profitable, and significantly foreign-owned.

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

PYMNTS

AUGUST 1, 2019

In the latest Smarter Payments Tracker , PYMNTS takes a deep dive into the challenge of interoperability in achieving better cross-border payments services and experiences. In the public sector, corporates and government entities are also collaborating in pursuit of interoperability. Across the pond, meanwhile, the U.S.’s

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.

Central Bank 76

Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 76

PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. Fed, the Swiss National Bank and others.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

PYMNTS

DECEMBER 29, 2020

The Central Bank of Kenya (CBK) is promoting the use of cashless transactions and is asking the providers of digital financial services to work together and encourage adoption. One game-changer was the introduction of government-to-person (G2P) payments, which enabled mobile payments for public services.

Central Bank 64

Central Bank Transactions P2P Interoperability 64

PYMNTS

DECEMBER 4, 2018

The industry’s issues include insufficient interoperability between schemes, as well as confusion and cost hurdles faced by financial institutions (FIs). The Governance Framework Formation Team (GFFT) recently announced it had formed the U.S. So, what’s holding back a more rapid faster payments adoption?

Central Bank 70

Central Bank Real Time Gross Settlement (RTGS) RTP Faster Payments 70

PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. Sweden’s central bank, Sveriges Riksbank, is the newest financial institution (FI) to connect to TIPS, for example.

Faster Payments 137

Faster Payments Real Time Payments Cross-Border Payments 137

Payments Source

AUGUST 5, 2019

Addressing payment security and achieving interoperability with a rival, private-sector network are just some of the challenges the central bank faces in building a government-backed real-time payment system.

Real Time Payments 77

Real Time Payments Interoperability Central Bank Payments 77

The Fintech Times

MAY 12, 2025

As national payment infrastructures become more interoperable and networked on a regional, and soon global, scale, stablecoins may start to lose their perceived ‘indisputable’ advantages in the cross-border sector. Cue interoperable national payment schemes. Stablecoins have not. At least, not yet.

Stablecoins 45

Stablecoins Interoperability Cross-Border Cross-Border Payments 45

Fintech Finance

SEPTEMBER 27, 2024

This involves enhancing accessibility, affordability, connectivity with domestic and international payment networks in the times to come and ensuring interoperability. Through strategic collaborations with foreign central banks and governments, NIPL is committed to advancing India’s digital public goods across the globe.

Real Time Payments 98

Real Time Payments Financial Inclusion Central Bank International Payments 98

Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). What are Stablecoins?

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

PYMNTS

OCTOBER 15, 2020

The vision has always been a traditional currency with the liability of a central bank that could run on the public internet and underpinned by blockchain. There need to be governance models. And I think there will almost certainly be use cases for central bank digital currency or a stable coin or fiat currency.”.

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept. Interoperability Is Key.

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

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

PYMNTS

AUGUST 1, 2019

Such experiences require payments interoperability, which can be a significant challenge due to changing technologies and regulations. Many initiatives are currently underway around the globe to push such efforts along, meaning interoperability may not be as far off as once thought. What is payments interoperability?

Cross-Border Payments 43

Cross-Border Payments Cross-Border Interoperability Electronic Funds Transfer (EFT) 43

Open Banking Excellence

JULY 1, 2024

With the UK government continuing to support the UK’s broader fintech environment and promote open banking innovation, Open Banking in a Box will champion the UK’s world-leading open banking standards and make the case for greater cross-border interoperability that will benefit UK PLC and support financial inclusion globally.

Use Case 130

Use Case Cross-Border Regulations Best Practices 130

The Fintech Times

MARCH 18, 2025

In 2025, PagBrasil received authorisation from the Central Bank of Brazil to operate as a payment institution (PI) in the electronic money issuer category. The PI license is a testament to our strength as a fintech now officially recognised by the Central Bank. What are you most excited about in 2025?

Online and Mobile Banking 65

Online and Mobile Banking Central Bank Cross-Border Instant Payments 65

Fintech Finance

JUNE 18, 2024

STET’s platform uses ACI Low Value Real-Time Payments as a SaaS service, offering sophisticated routing and processing capabilities to enable its 20 member banks to connect directly to the European schemes, TIPS and RT1, hence providing full pan-European reachability and interoperability for instant payments.

Cross-Border 98

Cross-Border Cross-Border Payments Transactions Instant Payments 98

The Payments Association

MARCH 19, 2025

Digital wallets are expanding faster than financial oversight can keep up, forcing governments to scramble for new safeguards without choking innovation. The European PSD2 framework, growing pressure on big techs financial ambitions, and central bank digital currency (CBDC) discussions all indicate a looming regulatory crackdown.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

PYMNTS

OCTOBER 21, 2020

The digital framework promoted by the EC advocates identity based on the e-IDAS framework, leveraging existing national ID schemes and public/private partnerships to achieve scale, and allow banks’ corporate and consumer customers to navigate commerce and financial services across borders in a fluid way.

Interoperability 126

Interoperability Digital Currency Cross-Border Regulations 126

Fintech Finance

APRIL 23, 2025

Pay10 , a leading Alternative Payment Method (APM) provider headquartered in the UAE announces that it has become the first fintech company to go live in production on the Central Bank of the UAE’s (CBUAE) Open Finance Framework, authorizing it to provide payment initiation services including variable recurring payment.

Finance 59

Finance Interoperability Central Bank Financial Inclusion 59

Fintech News

MAY 27, 2024

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. MVP in production: interoperability of CBDC, banks, and card networks Astana, the capital of Kazakhstan.

CBDC 131

CBDC Transactions Payment APIs and Integration Cross-Border 131

PYMNTS

DECEMBER 18, 2017

“If I send you a message, there is all kinds of interoperability happening in the background that is moving the data from one network to another and one platform to another. What it should be focused on instead is how to make payments systems interoperable. Integrations Vs. Interoperability.

Interoperability 47

Interoperability Payments Payee Bitcoin 47

The Payments Association

JANUARY 21, 2025

Payments providers will need to prioritise interoperability and compliance to unlock growth while addressing security and volatility concerns. For industry leaders, this data underscores the critical importance of proactive investment in technology-driven fraud prevention tools and governance frameworks.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Fintech News

DECEMBER 13, 2024

One of the key drivers of this movement is the desire to maintain monetary sovereignty as stablecoins that are pegged to local currencies allow governments to align digital financial systems with their national economic objectives. It’s merely a reminder of its risks.

Stablecoins 109

Stablecoins Cross-Border Cross-Border Payments Caps 109

The Fintech Times

SEPTEMBER 17, 2024

Singapore-based fintech Xalts is joining forces with smart contracts platform Avalanche , in a move to support financial services, governments, and other enterprise developers in building digital asset platforms for implementing blockchain, tokenisation, and smart contract applications.

Multi-Currency 69

Multi-Currency Use Case Blockchain Digital Currency 69

CoinRemitter

FEBRUARY 9, 2024

A Central Bank Digital Currency is a country’s official currency, presented in a digital form. It operates on a blockchain network and is issued and backed by the central bank of the respective country. Unlike cryptocurrencies, they’re issued by centralized authorities and can be used as legal tenders.

Digital Currency 40

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

Faster Payments Council

MARCH 15, 2023

Whether we will see these services gain traction is tied to what many believe to be a major hurdle–interoperability. FedNow may not interoperate with RTP, and it doesn't seem to be a priority for either. Some banks may not be able to connect to both. These projects are taking different implementation approaches.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

Fintech News

FEBRUARY 27, 2024

These negative developments likely influenced governments across the globe, because the following 12 months saw an extraordinary boom in crypto policy regulation in APAC countries. Emphasising interoperability, MAS announced its support for three forms of digital money: tokenised bank liabilities, wholesale CBDCs , and regulated stablecoins.

APACS 132

APACS Regulations Stablecoins Cryptocurrency 132

Fintech News

JUNE 19, 2024

Be it central bank digital currencies (CBDCs), a tokenised digital Singapore Dollar, or various initiatives backed by governmental regulators, stablecoins are one of the more pivotal developments in the world of cryptocurrencies and blockchain technology. Project Orchid, and the 1st use of purpose bound money, in partnership with Grab.

Stablecoins 113

Stablecoins Cross-Border Cross-Border Payments Blockchain 113

Fintech News

MAY 19, 2024

According to Simon-Kucher, this approach allowed the bank to improve customer experience and increase its commercial effectiveness, resulting in a remarkable 50% increase in conversion rates. Most recently, the Philippine central bank launched the Open Finance PH Pilot.

Rules 108

Rules Non-Bank Audit Central Bank 108

Fintech News

JANUARY 10, 2024

This booming scene is driven by supportive government policies, a robust tech-savvy population, and an increasing number of fintech startups. In an effort to fortify its payment infrastructure, the Monetary Authority of Singapore (MAS) is developing an interoperable SGQR+ scheme to boost QR code payment interoperability.

Cross-Border 117

Cross-Border FinTech Cross-Border Payments Embedded Finance 117