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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. The system’s capabilities were demonstrated through two practical use cases.

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Australia Launches Major Tokenisation Pilot with Central Bank and Industry Players

The Fintech Times

Australia’s central bank and a government-backed research centre have selected 24 industry participants to trial digital settlement systems for tokenised assets, in a project exploring the future of wholesale finance. The pilots span asset classes such as fixed income, private markets, trade receivables and carbon credits.

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German Central Bank Joins MAS-Led Project Guardian

Fintech News

The Bundesbank will participate in various pilot projects testing specific use cases for asset tokenisation, exploring its feasibility and its potential benefits for capital markets, and examining how it can leverage network effects. The Bundesbank is very pleased to be cooperating with a partner that is as competent as MAS.”

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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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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.

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Going on a Joint Venture: SCBHK, Animoca Brands and HKT Go on a Stablecoin Journey in Hong Kong

The Fintech Times

. “By leveraging the banks and our partners core strengths, we aim to launch a stablecoin that can be used securely by institutions and individuals across a wide number of use cases. As public chain instruments with proven use cases, stablecoins play a critical role in the overall digital asset ecosystem.

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Is 2025 Finally the Year for Open Finance in Southeast Asia?

Fintech News

In particular, cloud computing is becoming increasingly prevalent, with 60% of banks in Singapore migrating their core systems to the cloud. Artificial intelligence (AI) is also gaining traction, particularly for risk assessment and operational efficiency.