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Swift, UBS, and Chainlink Advance Tokenised Fund Settlement Under Project Guardian

Fintech News

Global financial messaging network Swift , UBS Asset Management, and Chainlink have successfully demonstrated a new method for settling tokenised fund transactions in a recent pilot program. said Jonathan Ehrenfeld, Head of Strategy, Swift. said Jonathan Ehrenfeld, Head of Strategy, Swift.

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Swift, UBS Asset Management, and Chainlink Successfully Complete Innovative Pilot to Bridge Tokenized Assets With Existing Payment Systems

Fintech Finance

Swift , UBS Asset Management , and Chainlink have successfully completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. The pilot used existing Swift infrastructure which enables end-to-end payment orchestration capabilities to settle fund subscriptions and redemptions.

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BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance

Fintech News

First, in cross-border lending between Singapore and Malaysia, Mandala facilitated real-time compliance monitoring, specifically for capital flow management measures (CFM) and sanctions screening. It enhances transparency and provides real-time reporting and monitoring capabilities for regulatory bodies.

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Citi and Bank of Shanghai Launch First-of-Its-Kind Payments Solution for International Travelers in China

Fintech Finance

The payment service is facilitated by Citi’s industry-leading USD Clearing solution and its full-value transfers, which ensures the final beneficiary receives their money at full value with no deductions.

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Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Introduction of resolution packs : These packs must include essential documents and information that would facilitate swift action during insolvency, reducing delays in fund distribution to customers. These measures will not only facilitate compliance but also position firms as leaders in safeguarding standards within the industry.

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What is a Merchant Account and Does Your Business Need One?

EBizCharge

A fundamental element that every business leader should be well-versed in is the merchant account — a critical service that facilitates electronic payments. Merchant accounts act as intermediaries between businesses and payment networks, facilitating the secure transfer of funds from customers to your account.

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Mastercard and PayTabs Collaborate to Empower Egypt’s Small and Medium Enterprises Through Private-Labeled Digital Payment Solutions

Fintech Finance

Mastercard announced a strategic collaboration with PayTabs Group to facilitate digital payment solutions for small and medium enterprises in Egypt. Through this collaboration, PayTabs will leverage Mastercard’s global network and digital payments capabilities to provide merchants with a while-labelled digital payments platform.

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