The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.

Interbank Settlement 134

Interbank Settlement CBDC Settlement Use Case 134

The Fintech Times

NOVEMBER 6, 2024

As part of its continued expansion, Nium’s partnership with Partior enhances its ability to facilitate frictionless global transactions and unlock new services such as intra-day FX swaps, cross-currency repos, programmable enterprise liquidity management, and multi-bank payments for financial institutions.

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

The Paypers

MARCH 21, 2023

The European Central Bank has announced the launch of the new real-time gross settlement (RTGS) system and central liquidity management.

Real Time Gross Settlement (RTGS) 68

Real Time Gross Settlement (RTGS) Liquidity Management Central Bank Settlement 68

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).

Distributed Ledger Technology (DLT) 96

Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments 96

PYMNTS

OCTOBER 12, 2020

As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function). The Timeframe . Digital Dollars, Too? .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

Finovate

JULY 26, 2024

Founded in 2021, the Singapore-based company offers banks unified, ledger-based interbank rails for real-time clearing and settlement. Partior’s 24/7 blockchain network works with real-time local currency payment and RTGS systems globally and facilitates direct and indirect settlement flows with market participants.

AI 72

AI Cross-Border Payment APIs and Integration Multi-Currency 72

Payment Savvy

MAY 15, 2023

Liquidity Management Tool To manage liquidity in this system, the FedNow service will offer a liquidity management tool. It helps banks monitor and control the flow of cash, ensuring they have enough money to meet their obligations and make transactions.

FedNow 52

FedNow Federal Reserve Liquidity Management Instant Payments 52

The Fintech Times

DECEMBER 15, 2023

Tim Moncrieff, senior director, strategic initiatives, Visa Cross-Border Solutions, says: “Businesses will increasingly demand payment solutions characterised by speed, ease of access, transparency and cost-efficiency, mirroring what we’ve grown accustomed to in personal banking.

Cross-Border 59

Cross-Border Cross-Border Payments Interoperability Payments 59

Clearly Payments

AUGUST 1, 2024

According to a report by the European Central Bank (ECB), contactless payments accounted for more than 40% of in-person transactions in the EU in 2021, a significant increase from previous years. Consumers are increasingly favoring contactless payment methods for their convenience and security.

Process 52

Process Online and Mobile Banking Fraud Prevention Payments 52

Faster Payments Council

MARCH 30, 2022

Financial institutions require 24/7 connectivity, real-time settlement and liquidity management, customer interfaces, and fraud mitigation tools to prepare their underlying systems for instant payments.

FPC 88

FPC Faster Payments Cross-Border Financial Inclusion 88

Fintech News

DECEMBER 15, 2024

Bank Indonesia has announced the successful completion of the Proof of Concept (PoC) for the wholesale Rupiah Digital under its Garuda Project. This marks a critical milestone in the exploration of a Central Bank Digital Currency (CBDC).

CBDC 113

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

The Payments Association

APRIL 14, 2025

Institutions that are not fully prepared risk being locked out of clearing and settlement infrastructure, impacting both operational resilience and client service delivery. Continued participation in the Banks engagement initiatives remains critical to ensure preparedness as the design phase evolves.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

The Payments Association

MARCH 18, 2025

Banks and regulators will determine how this policy is applied, shaping future access to payments infrastructure for crypto firms. During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC).

Federal Reserve 88

Federal Reserve Stablecoins Fed Settlement 88