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BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance

Fintech News

The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions.

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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

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.

CBDC 88
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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

America Biometric Payments 2 Global, especially mobile-first markets Cash Payments 5 Emerging Markets, some developed regions Central Bank Digital Currencies (CBDCs) 1 Asia, Caribbean Credit Cards Overview : Credit cards allow consumers to make purchases on credit, paying later and often with interest.

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MAS-Led Forum Conducts Cloud Outage Exercise in Response to Growing Risks

Fintech News

By working through the simulated crisis, regulators and cloud providers gained valuable insights into improving situational awareness, coordinating responses, ensuring a swift recovery, and maintaining public trust in the financial system.

Risk 119
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Empowering Financial Institutions: An Interview with the CEO of Almond FinTech

Fintech Review

Regulatory compliance in all jurisdictions where partners are, including regular contact with Central Banks and other regulatory authorities. Our platform is built using the industry’s strictest global governance, privacy, and security standards.

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Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

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. To delve deeper into how Nexus supports this mission, we spoke with Ricky Lim and Eli Shoshani.

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The battle for merchant deposits: How the fintech sector is challenging banks’ core business

The Payments Association

These merchant deposits represent a cheap and reliable source of capital for banks, as they do not incur the same costs as borrowing from other financial institutions or the central bank. By offering merchant services, banks are able to establish and maintain close relationships with businesses.

FinTech 88