Fintech Finance

OCTOBER 30, 2024

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.

Distributed Ledger Technology (DLT) 96

Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments 96

Fintech News

DECEMBER 11, 2023

The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies. The PoC explored two models.

CBDC 116

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 116

Fintech News

FEBRUARY 14, 2024

But despite these efforts and high demand for digital trade finance, implementing new instruments to the trade finance market has been a complex endeavor, hindering widespread adoption of attempts to reinvent traditional processes. These challenges range from a longstanding reliance on paper to an increasingly fragmented technology landscape.

Finance 128

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 128

PYMNTS

MARCH 29, 2020

The program is a distributed ledger technology (DLT) that will hopefully help with early detection of the virus and identifying carriers and hotspots. MiPasa is built on top of Hyperledger Fabric in partnership with IBM , computer firm Oracle , enterprise blockchain platform HACERA and IT corporation Microsoft.

Distributed Ledger Technology (DLT) 71

Distributed Ledger Technology (DLT) Bitcoin Blockchain Retail Payments 71

PYMNTS

FEBRUARY 8, 2018

7) said Ripple announced a partnership with LianLian International, a Hong Kong-based, cross-border payments company, that plans to use Ripple’s xCurrent enterprise blockchain tool to process real-time payments coming into China. Reports in Blockchain News on Wednesday (Feb.

Real Time Payments 77

Real Time Payments Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 77

PYMNTS

APRIL 1, 2019

At heart of the matter, of course, is the place (or choice) of using distributed ledger technology (DLT) to underpin the transactions — especially B2B transactions. Some see distributed ledger technologies (DLT) as having the potential to drive industry-wide change.

Cross-Border 61

Cross-Border Distributed Ledger Technology (DLT) Cross-Border Payments Transactions 61

PYMNTS

SEPTEMBER 15, 2020

Through a collaboration with Tata Consultancy Services, Emirates NBD has plans to roll out new payment innovations like SWIFT for Corporates, as well as real-time clearing capabilities across markets in the Middle East, as it consolidates its payments processing infrastructure to tackle cross-border payments friction.

RTP 105

RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105

PYMNTS

JUNE 13, 2019

In an interview with PYMNTS, Kevin Phalen, head of Global Business Solutions at Visa, told Karen Webster that Visa B2B Connect acts as a brand new, end-to-end global payments network, built on using elements of distributed ledger technology (DLT) and the open source Hyperledger Fabric framework hosted by The Linux Foundation.

B2B 75

B2B Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 75

CB Insights

OCTOBER 29, 2020

Currently, complex processes are needed to ensure regulatory compliance and enable secure, trustworthy trades. But a growing number of companies want to employ distributed ledger technology (DLT) — which uses tech like blockchain to offer a simpler, streamlined way to verify transactions — to upend this status quo.

Real Time Gross Settlement (RTGS) 101

Real Time Gross Settlement (RTGS) Blockchain Distributed Ledger Technology (DLT) Money Laundering 101

PYMNTS

APRIL 3, 2019

Businesses struggle with conventional payment processes, which are complex, manual, paper-based and not always secure,” said Bill.com CEO and Founder René Lacerte in a statement. We automate payments and back-office business processes, resulting in significant efficiencies and cost savings.”

Cross-Border Payments 92

Cross-Border Payments Cross-Border Blockchain Distributed Ledger Technology (DLT) 92

PYMNTS

OCTOBER 11, 2018

TheCCpress reported this past week that, according to remarks made by Santander Chief Technology Officer Ed Metzger at a California conference, combining OnePay FX and RippleNet might help speed cross-border processes. The blockchain had been designed on the distributed ledger technology (DLT) via R3 ’s Corda offering.

Settlement 77

Settlement Distributed Ledger Technology (DLT) Cross-Border Payment APIs and Integration 77

PYMNTS

DECEMBER 11, 2018

And IBM has announced that it has partnered with Nigerian agricultural startup Hello Tractor to test a distributed ledger technology (DLT)-driven crop management system. Specifically, IBM will develop the application, dubbed Digital Wallet, that would help sub-Saharan farmers reduce their amount of post-harvest losses.

Distributed Ledger Technology (DLT) 69

Distributed Ledger Technology (DLT) Bitcoin Blockchain Identity Theft 69

PYMNTS

JULY 30, 2019

Emerging technologies, such as distributed ledger technology (DLT), increased international commerce, and new players like TransferWise, Alibaba and Amazon exacerbate these issues by introducing competition. Compliance often results in slow processing times, causing inconvenience for customers.

Distributed Ledger Technology (DLT) 80

Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments Blockchain 80

PYMNTS

NOVEMBER 8, 2018

On another note, Seagate Technologies is teaming up with IBM for a blockchain project that seeks to address the counterfeiting of hard drives, Cryptovest reported. Bruce Anderson, an executive with IBM, was quoted in the report as saying, “Blockchain technology can be extremely effective in confirming provenance and authenticity of assets.

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Distributed Ledger Technology (DLT) Blockchain Digital Currency Bitcoin 61

PYMNTS

NOVEMBER 19, 2020

We started on the process of seriously thinking through what it looks like to add value to transactions, even if you don't control the underlying rails.". As more payment use cases emerge from distributed ledger technology (DLT), some solution providers are looking toward industry-specific applications of blockchain.

B2B 104

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104

Fintech News

JANUARY 30, 2024

Prototypes and proofs of concept are being developed for payment systems based on distributed ledger technology (DLT). Decentralised finance , which utilises blockchain technology, employs open-source technology to reduce costly payment processing fees by minimising the need for intermediaries.

Payments Trends 122

Payments Trends Digital Currency Distributed Ledger Technology (DLT) Cross-Border Payments 122

PYMNTS

NOVEMBER 13, 2018

The firm plans to put the funds to use by growing its AxCore system, which is based on distributed ledger technology (DLT), as well its smart contracting language called AxLang. (It It also plans to enhance its technology for data synchronization.) HSBC , the U.K. bank, is backing a U.S.

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Distributed Ledger Technology (DLT) Research Blockchain Bitcoin 67

CB Insights

DECEMBER 17, 2020

But issuing securities can be a daunting process. We help large orgs understand, via next-gen market intelligence, the DLT systems of tomorrow. Globally, enormous amounts of money flow through primary markets — over $7T worth of newly created bonds were sold last year, according to Dealogic. First name. Company Name. Phone number.

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Distributed Ledger Technology (DLT) Blockchain Legal Participant 76

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. However, with technology in place, Rodrigues explained, treasury can be transformed to become the “24/7 investment arm, to support financial and broader goals for global companies.”.

Treasury Management 75

Treasury Management Treasury Blockchain Distributed Ledger Technology (DLT) 75

PYMNTS

NOVEMBER 26, 2019

The SAP App Center is a fully digital enterprise marketplace where people can try, buy, manage and deploy trusted partner applications that extend existing SAP technology and solutions. The prototype uses SAP’s Payment Engine application to initiate, process, clear and settle transactions.

Real Time Gross Settlement (RTGS) 60

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement Blockchain 60

PYMNTS

SEPTEMBER 12, 2018

In innovation, intellectual property is, well, almost everything — it can be the hardware, the software, the processes that come from creative endeavor. The concept and execution of distributed ledger technologies (DLT) has been one that President Xi Jinping stated can be part of “reshaping the global economic structure.”.

Blockchain 80

Blockchain Distributed Ledger Technology (DLT) Blocks Laws 80

PYMNTS

MARCH 14, 2019

Might SWIFT be giving a nod, at least partially, toward the use of distributed ledger technology (DLT)? As noted by OracleTimes , it seems the messaging network that ties banks and other financial firms together may indeed be open to DLT — if not directly, then deployed by some of its network.

SWIFT 74

SWIFT Blockchain Distributed Ledger Technology (DLT) RFP 74

PYMNTS

DECEMBER 17, 2019

We’re processing many of these transactions already, leading the way with [artificial intelligence] AI, analytics and automation to get to a more streamlined processing,” said Melanie Cutlan, managing director of blockchain services for Accenture Operations.

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Distributed Ledger Technology (DLT) Blockchain Finance Cross-Border Payments 53

Clearly Payments

AUGUST 29, 2024

will likely require legislative approval from Congress, adding a layer of complexity to the process and ensuring that the decision is thoroughly considered from all angles. Payment Efficiency: CBDCs can streamline payment processes by reducing the need for intermediaries, such as banks or payment processors.

Central Bank 105

Central Bank Digital Currency CBDC Cross-Border Payments 105

PYMNTS

JULY 31, 2019

Rather than relying on cumbersome human analysis, AI allows firms to process thousands of transactions per day, resulting in faster, stronger networks. Some payments providers are also leveraging blockchain and distributed ledger technology (DLT) to meet these needs, expediting the cross-border payment process.

Cross-Border Payments 72

Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

CB Insights

AUGUST 23, 2018

Historically inundated with paper trails and inefficiencies, banks and regulators worldwide are teaming up to digitize the trade financing process. HSBC, Standard Chartered, and others belong to a range of consortia that have had successful pilots using distributed ledger technologies (DLT) to process live trade finance transactions.

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Distributed Ledger Technology (DLT) Blockchain Finance Cross-Border 63

PYMNTS

SEPTEMBER 18, 2018

trillion by the Asian Development Bank – could be reduced by $1 trillion if distributed ledger technology (DLT) sees greater adoption by industry participants.

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Distributed Ledger Technology (DLT) Blockchain Finance Government 55

PYMNTS

AUGUST 23, 2019

The cross-border payments community has had to respond quickly and crucially together to address the challenges of bringing compliance processes up to the speed demanded by global businesses’ expectations of faster cross-border payments. This has meant rethinking compliance processes and reassessing the way compliance tools are deployed. “In

Real Time Payments 77

Real Time Payments SWIFT Compliance ISO 20022 77

PYMNTS

FEBRUARY 20, 2019

Juan Garat, BBVA’s global head of sales, said in the press release that distributed ledger technology (DLT) used in the transaction “allowed us to simplify the processes and streamline the negotiation time frames.” The company had been focused on creating online voting platforms, and had processed roughly 1.9

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Distributed Ledger Technology (DLT) Finance Blockchain Wire Transfer 64

PYMNTS

SEPTEMBER 20, 2018

.” At the same time, the financial services market is significantly ahead of other markets — including manufacturing, government and healthcare — when it comes to their exploration and use of distributed ledger technology (DLT). It’s a transformation of business models, roles and processes.

Blockchain 75

Blockchain Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 75

PYMNTS

NOVEMBER 4, 2018

And New Zealand private bank ASB has launched a shipment of meat from its home country to South Korea through the use of distributed ledger technology (DLT). This is a significant new chapter in the history of New Zealand sharing our products with the rest of the world.

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Distributed Ledger Technology (DLT) Bitcoin Blockchain Issuers 55

PYMNTS

JANUARY 2, 2019

Visa ended 2017 with a B2B payments focus that it kept rolling early in 2018 as it began testing and expanding B2B Connect , its cross-border corporate payments solution that integrates distributed ledger technology (DLT).

B2B 75

B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75

PYMNTS

SEPTEMBER 10, 2019

At the highest level blockchain proponents say that distributed ledger technology (DLT) has the ability to safely, and immutably, transfer data, payments and … well , seemingly any exchange of value and information that one might envision.

Blockchain 62

Blockchain Distributed Ledger Technology (DLT) Credential Governance 62

The Fintech Times

MAY 30, 2024

Malta’s early adoption of stringent regulatory processes positions it favourably for seamless integration with MiCA, further enhancing its appeal as a fintech hub. A broad spectrum of entrepreneurs is spearheading the charge in various subsectors, including blockchain, payment processing, and digital banking.

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Distributed Ledger Technology (DLT) FinTech Government Governance 59

PYMNTS

SEPTEMBER 18, 2019

To that end, the Bank for International Settlements (BIS) said in a paper titled “Embedded supervision: how to build regulation into blockchain finance” that distributed ledger technology (DLT) could be a part of bank infrastructure and could be used to automate supervision.

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Distributed Ledger Technology (DLT) Blockchain Central Bank Void 43

The Paypers

JULY 9, 2020

essDOCS , an enabler of paperless trade, has partnered with Infosys Finacle, part of EdgeVerve Systems , for driving automation in Trade finance processes though Distributed Ledger Technology (DLT).

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Distributed Ledger Technology (DLT) Automation Finance Process 28

PYMNTS

OCTOBER 26, 2017

According to reports, plans to link those two platforms are part of larger efforts by the authorities to collaborate on distributed ledger technology (DLT) and FinTech projects. The HKMA is now looking to work with a developer to develop the platform, reports said.

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Distributed Ledger Technology (DLT) Blockchain Cross-Border Authorization 43