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German Central Bank Joins MAS-Led Project Guardian

Fintech News

Launched in May 2022, Project Guardian brings together policymakers and key financial industry players to improve market liquidity and efficiency through the innovative use of technology. The Bundesbank is very pleased to be cooperating with a partner that is as competent as MAS.”

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. The PoC demonstrated the transformative potential of DLT-based systems in improving liquidity management.

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

The Payments Association

In doing so, they risk missing the core innovation that digital money promises: the ability to transfer value directly, securely, and potentially without the need for intermediaries. Hugo Remi, CEO at Cardaq , emphasises that allowing users to hold CBDCs outside a custodial account is vital for innovation and infrastructure development.

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Banco Santander, Lloyds Banking Group, and UBS Successfully Settle Pilot Uncleared Margin Transfers in the Sterling Fnality Payment System

Fintech Finance

This real-world proof-of-concept proves that Fnality can be used to make bilateral margin payments using the £FnPS, and marks the first instance of a fully regulated Distributed Ledger Technology (DLT)-based payment system being used to settle margin for the purposes of real-world inter-bank derivative exposures.

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B2B Use Cases Drive Up Real-Time Demand

PYMNTS

As efforts to innovate payments infrastructure continue, speed remains top priority. One FI, First Bank, told the publication why B2B use cases are upping the demand for real time. In the latest show of support for distributed ledger technology, J.P. But it's not only consumers driving demand for real time.

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SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). The PoC explored two models.

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RTP, Blockchain Make Inroads Within Corporations

PYMNTS

With payment innovators looking to migrate B2B payments away from paper, a growing number of payment rails and technologies are helping to ease the pain of the shift. Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements.

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