Fintech Finance

JANUARY 8, 2025

This will be supported by the CPMI central bank community of practice on payment systems and the CPMI industry taskforce on cross-border payments interoperability and extension.

ISO 20022 98

ISO 20022 Cross-Border Payments Cross-Border ISOs 98

Fintech News

JANUARY 9, 2025

Indonesia has reached a significant milestone in its journey toward exploring the potential of Central Bank Digital Currencies (CBDCs) with the completion of the Proof of Concept (PoC) for the wholesale Digital Rupiah under the auspices of Bank Indonesias Project Garuda.

Distributed Ledger Technology (DLT) 127

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

The Payments Association

JUNE 9, 2025

It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure. According to the Bank of England, RTGS settles approximately £500 billion between banks each day—around a quarter of the UK’s annual GDP—in sterling central bank money.

ISO 20022 88

ISO 20022 Payment APIs and Integration ISOs Interoperability 88

PYMNTS

JANUARY 26, 2020

Bank of France Governor Francois Villeroy de Galhau said on Saturday (Jan. 25) that central banks should be in charge of issuing electronic currency, not private companies, Reuters reported.

Central Bank 100

Central Bank CBDC Digital Currency Cross-Border 100

Fintech Finance

NOVEMBER 21, 2024

Digital Asset Tokenisation System: Provides a robust production-grade platform for financial institutions, such as banks and investment firms, to tokenise real-world assets and manage them within a regulated environment. Financial innovation is not limited to central banks. by 2024.

Payment Networks 98

Payment Networks Digital Payments Digital Currency Innovation 98

Fintech Finance

MARCH 24, 2025

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability. The demand for secure, fast, and modern payment solutions has been pressing.

Instant Payments 90

Instant Payments Settlement Payments Central Bank 90

Fintech News

MAY 21, 2024

The meeting also discussed emerging areas of interests, including nature and biodiversity, ESG data model interoperability, and the use of AI and data analytics through Greenprint (Gprnt) and Project NovA! The post Singapore and China Central Banks Bolster Green Finance Cooperation appeared first on Fintech Singapore.

Central Bank 114

Central Bank Finance Metaverse Cross-Border 114

Finextra

APRIL 24, 2025

The Bank for International Settlements and its central bank partners have successfully demonstrated how wholesale payment infrastructures, such as RTGS systems, can interoperate with each other for FX transactions via new technologies, such as distributed ledgers.

Central Bank 75

Central Bank Settlement Interoperability Transactions 75

Fintech News

NOVEMBER 3, 2024

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. Participating financial institutions like DBS, OCBC, Standard Chartered, and UOB will trial these settlements.

CBDC 117

CBDC Settlement Digital Currency Cross-Border 117

Fintech News

JUNE 17, 2025

OSTTRA and Baton Systems have announced that Partior has connected to their on-demand FX payment-versus-payment (PvP) settlement network, enabling financial institutions to settle foreign exchange transactions using tokenised commercial bank deposits with 24/7 access.

Settlement 73

Settlement Risk Mitigation Participant On-Demand 73

PYMNTS

DECEMBER 1, 2020

The Central Bank of Iceland (CBI) is debuting a new instant pay platform with partnership with SIA , a European company specializing in high-tech payment services and infrastructures, according to a press release. In October, SIA was bought by Italian digital payment company Nexi for $5.4 billion.

Central Bank 77

Central Bank Instant Payments Payments Interoperability 77

Fintech News

SEPTEMBER 11, 2024

Initially, these will use fiat currencies, but Swift plans to eventually integrate tokenised forms of money such as central bank digital currencies (CBDCs) and stablecoins. This advancement could allow real-time exchanges of tokenised assets and payments on the Swift platform.

SWIFT 145

SWIFT Multi-Currency CBDC Interoperability 145

Finextra

JUNE 24, 2025

These solutions are already widely adopted and focus on enabling technical interoperability between existing mobile wallets, offering fast and integrated payment experiences within their local banking ecosystems. Wero, in contrast, offers a unified architecture, designed for full interoperability and scale across Europe.

Agreements 59

Agreements Payment Networks Digital Payments Payment APIs and Integration 59

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 Security Payment APIs and Integration Credential 88

PYMNTS

SEPTEMBER 8, 2020

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system. “To

Digital Currency 87

Digital Currency Central Bank CBDC Instant Payments 87

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

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. Interoperability – Facilitate linkages with existing financial market infrastructures. Since then, BNY , Citi, J.P.

Authorization 83

Authorization CBDC Multi-Currency Settlement 83

The Fintech Times

NOVEMBER 8, 2024

Xiaonan Zou , UBS head of digital assets, group treasury, adds: “We see the interoperability between UBS Digital Cash and other digital cash initiatives as key for the financial industry. The post UBS Successfully Pilots Blockchain-based Payment Solution for Cross-Border Transactions appeared first on The Fintech Times.

Cross-Border 59

Cross-Border Cross-Border Payments Payment Solutions Blockchain 59

Fintech Finance

MARCH 24, 2025

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability. The demand for secure, fast, and modern payment solutions has been pressing.

Instant Payments 69

Instant Payments Settlement Payments Central Bank 69

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 75

Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

The Paypers

JULY 20, 2022

The central banks of Indonesia, Malaysia, the Philippines, Singapore, and Thailand have partnered to develop an interoperable cross-border payments system.

Cross-Border 69

Cross-Border Central Bank Cross-Border Payments Interoperability 69

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

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

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

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.

Central Bank 64

Central Bank Transactions P2P Interoperability 64

Fintech News

OCTOBER 17, 2024

The Bank for International Settlements (BIS) has launched Project Aperta , an initiative aimed at improving open finance interoperability, reducing frictions, and cutting costs in global finance. Businesses currently face costly inefficiencies due to excessive manual paperwork and limited digital data portability.

Cross-Border 117

Cross-Border Finance Security Interoperability 117

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). Central banks can also struggle to adopt new payment infrastructures or make the improvements they need to their existing payment systems. SIA’s Third-Party Approach To RTGS.

Central Bank 70

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

Fintech News

NOVEMBER 12, 2024

However, challenges remain, particularly regarding interoperability. To address this, stakeholders including NETS Group and Liquid Group are working on interoperable QR payment solutions that are designed to simplify processes for merchants, Chia said.

FinTech 109

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 109

Finextra

JUNE 30, 2025

Central banks across 66 countries are now in the advanced phases of exploring Central Bank Digital Currencies (CBDCs), with 44 pilots including the digital euro already underway. They will need to co-exist with existing clearing and settlement processes and infrastructures, and this means interoperability is crucial.

Digital Currency 52

Digital Currency Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement 52

The Fintech Times

MARCH 25, 2025

The Somalian financial ecosystem has taken its next step in the digital world as the Central Bank of Somalia’s (CBS) payments initiative, the Somalia Payment Switch (SPS), has successfully launched the country’s first instant payment system.

Instant Payments 59

Instant Payments Payments Settlement Central Bank 59

Fintech News

OCTOBER 16, 2024

UnionPay International (UPI) and the National Payment Corporation of Vietnam (NAPAS) will enhance their collaboration on cross-border QR code payment interoperability. The collaboration follows an earlier MOU, signed in August 2024, between the central banks of China and Vietnam to promote cross-border payment systems.

Cross-Border 119

Cross-Border Cross-Border Payments Interoperability ATM 119

Fintech News

FEBRUARY 28, 2025

Based in Singapore, the NSO will be owned by the central banks and IPS operators of participating countries. Initially, these include countries like India, Malaysia, the Philippines, Singapore, and Thailand, with Bank Indonesia participating as a special observer.

Cross-Border Payments 70

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

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis.

Central Bank 57

Central Bank Digital Currency CBDC Federal Reserve 57

Fintech Finance

MARCH 27, 2025

LANKAQR is a national initiative launched by the Central Bank of Sri Lanka to ensure all QR code-based transactions are standardized and interoperable in Sri Lanka.

Cross-Border 59

Cross-Border Cross-Border Payments SARS Interoperability 59

The Fintech Times

JULY 2, 2025

iNet , the independent Saudi Central Bank-licensed network service provider (NSP), is supporting the growth of the Kingdom’s fintech sector by becoming a part of global paytech ACI Worldwide ‘s Retail Payment Solutions (RPS) for Postilion programme.

Point-of-Sale (POS) 59

Point-of-Sale (POS) Interoperability Central Bank Acquirers 59

The Payments Association

JUNE 24, 2025

According to the Dutch Central Bank , a single debit card transaction emits as much as leaving an 8-watt light bulb on for 90 minutes. We will also examine the growing influence of sustainable payments on consumer behaviour and their role in facilitating greener e-commerce.

Innovation 88

Innovation Card Issuer Payments Issuers 88

The Fintech Times

NOVEMBER 6, 2024

Ant International is also working with StraitsX to enable the efficiency and interoperability of payments made via PBM through the Whale platform, Ant International’s treasury management solution.

Product 101

Product Cross-Border FinTech Cross-Border Payments 101