The Fintech Times

MAY 18, 2024

US-based Commerce Bank has officially gone live with FedNow on Temenos Payments Hub delivered as Temenos SaaS, enabling real-time payments on the secure, scalable and continuously updated platform. The go-live with the FedNow service on the Temenos platform marks an additional milestone in the Commerce Bank modernisation strategy, progressively moving off legacy systems to a consolidated, future-ready, cloud-native platform.

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Finextra

MAY 18, 2024

On 4 April, Ripple announced its plan to launch its own stablecoin, next to XRP, pegged 1:1 to the.

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Stablecoins 145

The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. It has now completed its first experiment using DLT, giving the monetary authority a glimpse into the potential merits of the tech. Over the next six months, onboarded companies will conduct trials and experiments on three Eurosystem interoperability-type solutions proposed for central bank money settlement of

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Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

Finextra

MAY 18, 2024

The finalisation of Basel IV marks a significant milestone in the ongoing evolution of global bankin.

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The Fintech Times

MAY 18, 2024

Crypto exchange, Binance has played a massive part in solving a major crypto-assisted money laundering case in Taiwan involving nearly NT$200million (approximately US$6million). The crypto exchange’s Financial Crimes Compliance (FCC) department collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office in the case.

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Money Laundering Law Enforcement Financial Crimes Crime 69

The Fintech Times

MAY 18, 2024

Although news emerged last week that the UK has exited recession, the cost of living crisis continues to have a very real impact on the lives of most. Now, UK adults are increasingly turning to prepaid cards and adjusting their spending habits to avoid debt, prepaid payment firm Recharge has revealed. A survey of 2,000 UK adults, conducted by research firm Opinium for Recharge, found that 21 per cent of Brits (equivalent to around 11.4 million) use prepaid cards, a 118 per cent increase since th

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Adjustments Research Continuity Finance 64