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

The Fintech Times

NOVEMBER 8, 2024

.” In the pilot, UBS successfully carried out transactions with multinational clients and banks, including domestic transactions within Switzerland and cross-border payments in US dollars, Swiss francs, Euros and Chinese yuan. The pilot also included the transfer of liquidity between various UBS companies.

Cross-Border

Fintech News

JUNE 16, 2025

Today, the initiative is led by Nexus Global Payments (NGP) , a not-for-profit organisation formed by the central banks and IPS operators of five pioneering countries: India, Malaysia, the Philippines, Singapore, and Thailand. Banks can modernise while staying aligned with global standards without needing to overhaul their systems.

Cross-Border Payments

The Fintech Times

NOVEMBER 4, 2024

We are encouraged by the keen participation from financial institutions and fellow policymakers to co-create industry standards and risk management frameworks to facilitate commercial deployment of tokenised capital markets products, and scale tokenised markets on an industry-wide basis.” Since then, BNY , Citi, J.P.

Authorization

Fintech News

NOVEMBER 3, 2024

To speed up progress, MAS is now pushing for participants to commercialise their findings, fostering a connected network for trading tokenised assets. Leading banks such as Citi, HSBC, and Standard Chartered have formed the Guardian Wholesale Network to build this ecosystem.

CBDC

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

Finextra

JULY 30, 2025

The Fedwire migration now aligns the US with this global movement and enables full interoperability with international systems and standards. trillion daily with over 4,700 participants including banks, government entities, and financial institutions. This is undoubtedly a significant development.

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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. “Based on our biometrics study, close to seven in 10 Singapore consumers see this as a secure way to pay.

Product

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

The Fintech Times

MARCH 18, 2025

Seamless and affordable international alternative payment methods will empower individuals and businesses, fostering global economic participation. In 2025, PagBrasil received authorisation from the Central Bank of Brazil to operate as a payment institution (PI) in the electronic money issuer category.

Online and Mobile Banking

The Payments Association

JANUARY 21, 2025

Payments providers will need to prioritise interoperability and compliance to unlock growth while addressing security and volatility concerns. The adoption of central bank digital currencies (CBDCs) and stablecoins further reflects a shift toward digital-first payment solutions.

Payments Trends

Fintech News

NOVEMBER 12, 2024

The ninth edition of the Singapore Fintech Festival (SFF) wrapped up on 8th November, concluding a dynamic week-long of celebration of fintech that brought together tens of thousands of participants from around the world. However, challenges remain, particularly regarding interoperability.

FinTech

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

Finovate

MARCH 7, 2025

Its fair to say that traditional financial systems left many people and communities underserved, but LPMsfrom mobile wallets in Africa to RTP schemes like UPI in Indiabridge this gap, and theyre empowering billions of consumers to participate in the digital economy. At Boku, we want to be at the heart of this transformation.

Payments

The Payments Association

JULY 18, 2025

Globally, preparations for central bank digital currencies and evolving open finance frameworks signal longer-term structural change. UK and EU divergence on scope and legal frameworks may introduce cross-border compliance and interoperability challenges. transaction history, savings, pensions).

Regulations

Finextra

AUGUST 4, 2025

is building a new layer of infrastructure—one that projects American influence not through central bank control, but through programmable code and global integration. The Bank of England has spent years exploring a digital pound that may not materialise before the 2030s. There are clear use cases. It’s a promising step.

Stablecoins

Finextra

JULY 30, 2025

Challenges facing tokenization Participants at the SEC roundtable agreed that tokenization offers clear advantages to current market dynamics, but not without drawbacks that must be urgently addressed to enable the kind of institutional adoption seen with stablecoins.

Stablecoins

Fintech Finance

JULY 31, 2025

Boku Brazil Payment License has been granted by the Central Bank of Brazil, allowing the company to operate as a Payment Initiator and E-money Issuer. Pix Becomes Brazil’s Top Payment Method Pix , launched by the Brazilian Central Bank in 2020, is now the most popular payment method in Brazil.

Digital Payments

Finextra

JULY 30, 2025

Boku achieves payments licence in Brazil Boku, a global leader in localised payment solutions, has been granted a Payment Institution license by the Central Bank of Brazil (BCB). Pix become Brazil’s top payment method Pix, launched by the Brazilian Central Bank in 2020, is now the most popular payment method in Brazil.

Payments

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

Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system.

CBDC

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

Fintech News

MARCH 25, 2024

Swift, the global financial messaging cooperative, revealed that the latest round of experiments conducted within a collaborative Central Bank Digital Currency (CBDC) sandbox has shown promising results for the application of CBDCs and digital tokens.

CBDC

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

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. The country stands out in this regard.

CBDC

Fintech Finance

JUNE 17, 2024

It will also explore additional features that could form part of an SO’s offering, such as those that could help reduce the liquidity needs of participants. Meridian FX will also connect an RTGS system with a DLT-based settlement platform, testing how the SO could support interoperability between existing and new ledger technologies.

Distributed Ledger Technology (DLT)

Fintech News

MAY 21, 2024

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). Central Bank Digital Currencies (CBDCs) topped the list, with 33% of respondents foreseeing their widespread adoption.

Settlement

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. Scola said, “We’ve seen the central bank digital currency discussion accelerate pretty quickly over the last few months,” adding, “It really is dependent on the use case.

Real Time Payments

The Fintech Times

JUNE 6, 2024

Project mBridge , a collaborative initiative involving multiple central banks and the Bank for International Settlements’ (BIS), h as reached an important development milestone. The platform now invites further international participation and private sector proposals for value-added solutions.

Participant

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.

Interoperability

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

Fintech Finance

OCTOBER 30, 2024

Banco Santander , Lloyds Banking Group , and UBS have successfully completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS). With this, we continue to build up to our vision for a network of FnPSs.”

Distributed Ledger Technology (DLT)

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

Fintech News

MAY 16, 2024

Open banking in Southeast Asia The State of Open Banking in Southeast Asia To address these challenges and accelerate the adoption of open banking, several countries across Southeast Asia have introduced regulatory frameworks. Simultaneously, industry participants are embracing the trend at a fast pace.

Payment APIs and Integration

PYMNTS

OCTOBER 12, 2020

These comment letters highlighted the need for features to address accessibility, interoperability, security, liquidity, and fraud prevention,” Montgomery said. FinTechs are interested in providing value-added services to FIs — and can conceivably connect their offerings to the FedNow platform via participating depository institutions.

Instant Payments

Fintech News

AUGUST 8, 2024

In the dynamic financial landscape of the Asia-Pacific (APAC) region, private banks, asset managers, fund managers, and other capital market participants are increasingly recognising the pivotal role of Swift connectivity. It is also essential to collaborate on interoperability between traditional finance and tokenised/digital assets.

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PYMNTS

NOVEMBER 27, 2019

A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin. That’s where I believe it becomes an assessment for each participant in the payments chain to consider.”. Not all of the underlying systems are as open with allowing cross-border payments,” he noted.

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