Fintech News

APRIL 2, 2025

A consortium of central banks has formally established Nexus Global Payments (NGP) in Singapore to manage a new multilateral cross-border payment system. The founding members are the Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore (MAS), and the Bank of Thailand.

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Global Payments Cross-Border Payments Central Bank Cross-Border 106

Open Banking Excellence

FEBRUARY 6, 2025

The ISAA is a joint collaboration between the Armenian government and the central bank, and our target is to integrate identity and payments into one wallet so citizens can easily complete transactions where they need to pay and prove their identity at the same time. We dont want to stop there either.

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Government Governance Interoperability Central Bank 230

PYMNTS

JANUARY 6, 2021

Thus far, the numbers do not bear out a massive uptake of a business model, that for the stakeholders, is essentially free (There are roughly 38 banks signed on and 5 million users of CoDi, as measured in late 2020). If you want to participate in this ecosystem, you simply have to be able to receive a request to pay and process a payment.”.

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Central Bank Financial Inclusion Wire Transfer Payments 145

Fintech News

APRIL 3, 2024

The Bank for International Settlements (BIS) , in concert with seven prominent central banks, has embarked on an exploratory project known as Project Agorá aiming to modernise international monetary transactions. Being a member of the IIF is not a requirement to participate.

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Fintech News

APRIL 8, 2025

This development follows the NBCs formal expression of interest to participate in the initiative. With Cambodias inclusion, the RPC now comprises nine ASEAN central banks. The NBC signed the fourth supplemental pages of the Memorandum of Understanding on Cooperation in Regional Payment Connectivity (MOU RPC) at the event.

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Cross-Border Cross-Border Payments Central Bank Payments 82

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.

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Settlement Risk Mitigation Participant On-Demand 88

Fintech News

DECEMBER 5, 2024

Thai regulators approved the first cross-border payment solution using stablecoins in October, while the Philippine central bank launched a peso stablecoin pilot earlier this year. During the event, participants, including non-Thai attendees, were able to convert dollar stablecoins to baht stablecoins without foreign exchange fees.

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Stablecoins Cross-Border Payments Blockchain Cross-Border 135

The Fintech Times

DECEMBER 3, 2024

In November 2023, the European Central Bank (ECB) began the preparation phase of a digital euro. Engagement with external stakeholders, ranging from policymakers and market participants to the general public, is a key priority. It will also explore other innovative use cases for a digital euro.

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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.

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CBDC Settlement Digital Currency Cross-Border 119

Fintech News

JULY 13, 2025

Australia’s central bank has announced that Project Acacia is moving into its next phase of testing to examine how crypto assets and central bank digital currencies (CBDCs) could support the growth of the country’s wholesale tokenised asset markets.

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The Payments Association

JUNE 3, 2025

Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments. From Asia to the Caribbean and Europe, central banks are grappling with how to digitise public money while preserving trust, utility, and sovereignty.

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CBDC Cross-Border Central Bank Cross-Border Payments 88

The Paypers

SEPTEMBER 6, 2024

Brazil's central bank (BCB) announced the selection of 13 participants for the second phase of its central bank digital currency (CBDC) initiative.

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Central Bank CBDC Digital Currency Participant 78

Fintech News

NOVEMBER 17, 2024

The exercise, held on 6 November 2024, allowed participants to test their incident response plans, explore potential regulatory interventions, and develop collaborative mitigation strategies. This exercise comes at a time of heightened awareness surrounding the potential for widespread disruption from technology failures.

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Fintech News

NOVEMBER 27, 2024

Deutsche Bank has joined the extended Series B funding round for blockchain-based fintech firm Partior , bringing the total raised to US$80 million and marking the close of the round. The Series B initially secured US$60 million in July 2024, led by Peak XV Partners, with participation from J.P.

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Cross-Border SARS Multi-Currency Correspondent Bank 116

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.

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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. Additionally, BPC’s Fraud Management Solution strengthens security measures, safeguarding transactions from potential threats.

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Instant Payments Settlement Payments Central Bank 90

The Fintech Times

JANUARY 22, 2025

Central banks across Europe are taking action to facilitate instant payments between countries and currencies. The latest initiative has come from the European Central Bank (ECB), the Swedish central bank Riksbank , and the Danish central bank Danmarks Nationalbank.

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Central Bank Instant Payments Participant Facilitators 59

The Payments Association

JUNE 9, 2025

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. Greater access The previous RTGS operated as a closed system, mainly limited to traditional banks.

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ISO 20022 Payment APIs and Integration ISOs Interoperability 88

Payments Dive

MAY 17, 2024

The Bank for International Settlements is seeking private sector participation in a smart-contract project designed by seven central banks to improve cross-border payments.

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Cross-Border Payments Cross-Border Central Bank Settlement 78

The Paypers

SEPTEMBER 10, 2024

The European Central Bank (ECB) has noted the Central Bank of Iceland 's (Seðlabanki Íslands) interest regarding potential participation in T2 and TIPS.

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Central Bank Participant 68

The Fintech Times

FEBRUARY 17, 2025

SCBHK, Animoca Brands and HKT have been jointly participating in the HKMA stablecoin issuer sandbox launched in July 2024, to explore how stablecoins can play a key role in the development of financial markets and payments by bridging Web3 and traditional finance, thus strengthening Hong Kongs position as a global digital assets hub.

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Stablecoins Issuers Use Case Cross-Border Payments 104

Fintech News

NOVEMBER 14, 2024

Recognized as one of the world’s leading FinTech events, this year’s festival brought together over 900 speakers and tens of thousands of participants from around the world to focus on topics including opportunities and risks of AI in finance, next-gen cross-border transactions, and developing the FinTech talent of tomorrow.

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Finextra

JULY 19, 2024

Cboe Clear Europe, the largest pan-European clearing house, has successfully participated in the Eurosystem’s recent exploratory work testing the use of new technologies for the settlement of wholesale transactions in central bank money.

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Distributed Ledger Technology (DLT) Participant CBDC Central Bank 64

Fintech News

JANUARY 21, 2025

Regional integration is playing a key role, with governments accelerating their efforts to enhance cross-border commerce and digital economy participation. In particular, cloud computing is becoming increasingly prevalent, with 60% of banks in Singapore migrating their core systems to the cloud.

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Fintech Finance

FEBRUARY 5, 2025

Pix, Brazils instant payment system managed by the Central Bank, has transformed digital transactions, with over 170 million users and 90% of Brazils adult population relying on the system. The company also holds ISO 27001 and 27701 certifications, ensuring robust data protection and fraud prevention measures.

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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.

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Cross-Border Payments Cross-Border APACS ISO 20022 79

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.

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

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.

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Cross-Border Cross-Border Payments Blockchain Payment Solutions 59

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.

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Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

The Fintech Times

SEPTEMBER 11, 2024

Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The latest move by the National Bank of Ras Al Khaimah (RAKBANK) highlights this. Utilising mBridge The core of mBridge is a multi-central bank digital currency platform, built on distributed ledger technology.

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CBDC Cross-Border Payments Transactions Cross-Border 126

Open Banking Excellence

JULY 2, 2025

The difference that a regulatory approach to Open Banking provides compared to a non-regulatory approach is that the customer experience will be consistent , and because it mandates data holders who would otherwise be unwilling to share data, it helps level the playing field,” he said. For the UK, it is a more diffuse position.

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Regulations Non-Bank Rules Innovation 130

The Fintech Times

NOVEMBER 18, 2024

Buna enables financial institutions and central banks in the Arab region and beyond to send and receive payments in local and key international currencies in a secure, cost-effective and transparent environment. How does this partnership help Mastercard scheme participants work within the heavily fragmented MENA region?

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Cross-Border Payments Cross-Border Visa Participant 69

Fintech News

MAY 15, 2024

Project Agorá, an initiative by the Bank for International Settlements (BIS) alongside major central banks and the Institute of International Finance (IIF), is moving forward and inviting private sector involvement. The project aims to explore how tokenisation can improve wholesale cross-border payments.

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Cross-Border Payments Cross-Border Federal Reserve Central Bank 145

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. Additionally, BPC’s Fraud Management Solution strengthens security measures, safeguarding transactions from potential threats.

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Instant Payments Settlement Payments Central Bank 69

Fintech News

NOVEMBER 5, 2024

The five central banks collaborating on Project Nexus will set up a managing entity called the Nexus Scheme Organisation (NSO). The project is a collaboration between the Bank for International Settlements (BIS) Innovation Hub and central banks from India, Malaysia, the Philippines, Singapore, and Thailand.

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ISO 20022 Central Bank Cross-Border Payments Settlement 109

Fintech News

APRIL 3, 2024

The Central Bank of Brunei Darussalam (BDCB) and the Bank of the Lao PDR (BOL) have formally joined the Regional Payment Connectivity (RPC) initiative. This expansion brings the number of ASEAN central banks involved in the RPC to eight, joining the ranks of Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

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Cross-Border Payments Cross-Border Central Bank Payments 143

The Fintech Times

JUNE 30, 2024

The Central Bank of the UAE (CBUAE) has issued the Open Finance Regulation, a significant component of its financial infrastructure transformation programme. The new regulation mandates that all financial institutions supervised by the CBUAE must participate in the open finance framework concerning their products as well as services.

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Central Bank Regulations Finance Facilitators 72