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As a Project Guardian participant, Ant International also leveraged its blockchain-based Whale platform to develop a global treasury management usecase for real-time multi-currency clearing and settlement. By enabling interoperability between bank solutions, payments can be completed 24/7 with FX settlement conducted in real-time.
Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments.
“The aim is to cover all usecases (person-to-person and commercial payments both online and in-store) across the markets of the participating solutions.” “Interconnecting existing solutions is a rapid path forward to European sovereignty and independence — a goal shared by both the European Commission and Eurosystem.
The bank brings prior experience in supporting stablecoin infrastructure and is working toward greater interoperability between digital and traditional financial assets. said Jack McDonald, SVP of Stablecoins at Ripple. said Emily Portney, Global Head of Asset Servicing at BNY.
But the real story is in the infrastructure behind it: licensing, interoperability and a deep commitment to making cross-border payments work for everyone – not just the biggest players. Even today, we continue to be driven by this commitment. This purpose is rooted in facilitating inclusion and interoperability.
The high price of legacy in a payments-first world Banks that continue to rely on legacy infrastructure face mounting challenges: Limited scalability: Legacy tech wasnt built for real-time, cross-border, 24/7 payments or seamless integration with regional schemes.
Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. This is an example of how the scale of the Swift network can be leveraged to interoperate market infrastructures to enhance the user experience.
Table of Contents Voices from the industry: Insights into the 2024 payments landscape In 2024, we witnessed a convergence between consumer and B2B payments, driven by the rise of BNPL adoption, AI-powered fraud detection, and the continued digitalisation of payment platforms.
Interoperability across multiple domestic and international card schemes without cobadging constraints. The standards are used in diverse environments, from traditional POS to SoftPOS and e-commerce acceptance. Initiatives are also exploring Instant Payment usecases based on nexo frameworks. no mandatory cobadging).
The pressure to stay ahead continues to mount as customers demand more immediate and user-friendly experiences. Oradian’s custom API capabilities improve system interoperability and scalability, allowing financial institutions to keep pace with evolving requirements and streamline financial workflows.
As demand for real time, global payments grow, Rain is seeing strong momentum from partners looking to issue and use onchain cards and settle in stablecoins. Rain’s technology stack allows for card transactions on the Visa network to be interoperable with stablecoins across multiple blockchains.
Legacy systems, complex regulatory environments and regional fragmentation continue to slow adoption. The Role of Standards: ISO 20022 and the Power of Interoperability Javeri described ISO 20022 as “not new, but the foundation” for future-ready payments. And in a competitive landscape, that can be just as dangerous.”
Airlines already have mobile boarding passes generated at check-in to expedite boarding, and some work has been done within the airline mobile application; United is a good example usecase, eliminating a traditional ID requirement at check-in including baggage. Security does allow passengers to opt out of any biometric identification.
What matters is delivering whats critical to the customerwhether thats speed, interoperability, or something else entirely. However, she cautioned that broader usecases have yet to prove themselves at scale or deliver sustained strategic benefit. Speed is great, but its not always the key, he said.
. “The launch of CPN represents a leap forward for global payments infrastructure toward an architecture where interoperability, compliance, speed, and cost-efficiency are emphasized,” said Circle VP of Product Management Sunil Sharma. “We are just getting started.
That means JP Morgan’s digital dollars can potentially interoperate with the broader crypto ecosystem – from decentralised finance platforms to other banks’ token networks – without needing a special private ledger or bespoke infrastructure. One big technical underpinning is interoperability.
As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration. The development of open finance and open data frameworks is expected to continue influencing the structure of payments and financial services globally.
Payments regulation roadmap: Q3 2025 18 July 2025 by Payments Intelligence Introduction Regulatory developments continue apace in the payments industry, ushering in a period of intensified complexity and strategic significance. Culture and accountability must evolve, too, so that resilience is clearly embedded in key business functions.
KNET utilized ACI’s Digital Central Infrastructure solution to build the central payment infrastructure of WAMD, an interoperable, countrywide scheme that enables account-to-account (A2A) payment transfers via a bank’s mobile app or internet banking service by using a phone number.
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Weavr A plug-and-play embedded finance platform designed for non-financial companies, with ready-made usecase templates. Billing, Invoicing & Revenue Management Let’s continue the Top 100 fintech tools and platforms with getting paid, that is billing and invoicing.
While maintaining robust authorisation criteria, introducing a more precise and transparent "rubric marking guide" for firms and proportionate continuous monitoring will signal to the market that the FCA is ready for more new entrants to drive growth in the sector.
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Nonetheless, in the face of this hardship, fintechs have still continued to emerge and find success in the region, and across 2024, investment levels surged back up over $2billion again. This new layer of our platform is designed specifically for AI-native usecases.
24/7 availability: Always-on AI for continuous operations. Its robust AI engine stands out, with a 95%+ field and line item extraction accuracy while learning to precisely handle diverse usecases and continuously improving. Veryfi automates financial document processing using advanced OCR.
However, one of the significant challenges it faces is interoperability between different blockchain networks. Cross-chain interoperability aims to address this issue, enabling seamless communication and transactions across various blockchain platforms. Interoperability is vital for several reasons.
At its core, Onafriq is providing digital interoperability across mobile wallets, bank accounts, cards, and offline payment channels – bringing Africa closer to a seamless and integrated financial future. I’m incredibly proud of what we’ve achieved and even more excited about the road ahead.”
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.
Today there is no doubt that Georgia has become an integral part of East-West exchanges,” the Prime Minister continued. Interoperability and international expansion A key strategic outcome from all our activities in this space is to drive the creation of business models which are scalable outside of Georgia.
Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a usecase “that’s going to tip the scale here.” But he pointed to a usecase that might be a bit under the radar. Interoperability In Focus .
Swift’s CBDC sandbox is aimed at testing the interlinking solutions for CBDCs, focusing on more sophisticated usecases like digital trade, tokenised assets, FX networks, and payment systems. They show that institutions can continue to use much of their existing infrastructure alongside new, innovative technologies.”
As instant payments adoption continues to grow, financial institutions, fintechs, and payment service providers face challenges in managing account information, ensuring interoperability, and mitigating fraud risks. ” The report looks at various directory models, highlighting their benefits and real-world usecases.
The stablecoin aims to improve the customer experience in payments and represents a significant usecase in emerging markets for stablecoin disbursements. Brad Garlinghouse “This is a natural step for Ripple to continue bridging the gap between traditional finance and crypto. said Brad Garlinghouse, CEO of Ripple.
Interoperability is critical to Swift’s strategy for instant and frictionless transactions. The second phase of sandbox testing went further, exploring more complex usecases, using Swift’s solution to connect and orchestrate transactions across simulated digital trade and tokenised asset and FX networks, alongside CBDCs for payments.
As instant payments continue to transform the payments ecosystem, financial institutions face unique challenges in adapting their systems and processes to this new real-time paradigm. With contributions from industry experts, the guideline aims to help FIs enhance their operational readiness for real-time payments, including RTP® and FedNow®.
The Web3 Foundation , in partnership with Scytale Digital , has led the seed funding round for Hyperbridge , a groundbreaking protocol poised to transform blockchain interoperability. Unlike existing point-to-point bridge models, Hyperbridge introduces a hub model that scales verifiable interoperability across all chains.
Waiting for the Fed — and its promise of interoperability, which requires participation from the private sector — is akin to playing the (very) long game. In addition, he continued, FIS has brought its first bank onto the platform, and shortly 400 banks will have access to RTP. Expanding The UseCases.
Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.
However, the main difference is that the Lewes Pound has now lost its usecase. 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. Stablecoins have not.
DBS’ blockchain is compatible with the Ethereum Virtual Machine (EVM) and integrates with its core payments system, enhancing interoperability with various industry payment infrastructures. This launch underscores how established financial institutions can utilise blockchain technology to offer advanced, 24/7 banking services.
We have already seen successful usecases on our Whale platform in areas such as instant tax refund services and SME cross-border payments, and we will continue working together with industry partners and leveraging blockchain technology to enable more open and inclusive cross-border payments.”
The RoPay service is being gradually rolled out, as participating banks introduce new features and cover more usecases, while users get accustomed to the service. The first available use is for proximity-based person-to-person (P2P) payments.
That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same. A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin. The Community Approach to Ubiquity.
With more emerging usecases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Evolving UseCases. Digital assets are no longer a futuristic pipe dream in modern economy. It’s not a zero-sum game.”.
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