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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Such innovations streamlined operations and paved the way for exploring sophisticated financial instruments like Delivery Versus Payment (DvP) mechanisms. The PoC demonstrated the transformative potential of DLT-based systems in improving liquidity management. Each platform exhibited distinct strengths.

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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability. Additionally, BPC’s Fraud Management Solution strengthens security measures, safeguarding transactions from potential threats.

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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability. Additionally, BPC’s Fraud Management Solution strengthens security measures, safeguarding transactions from potential threats.

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Money Squirrel Taps Moneyhub’s Open Banking Tech for New App Launch

Finovate

” Founded in 2023, Money Squirrel was selected to participate in the SHIFT open finance communitys dedicated fintech incubator, Ignite. The program provides financial support, expert guidance, and industry networking opportunities. Moneyhub has demoed its technology at FinovateEurope 2015 and FinovateEurope 2017.

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

Fintech News

The first being the indirect model, where commercial banks manage CBDC wallets and settlements directly on the UDPN, while the central bank handles wholesale settlement between commercial banks and keeps all transaction records. The indirect model featured an on-chain DLT-based solution developed by UDPN engineers.

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Navigating legal uncertainty: How the Digital Assets Bill could impact PSPs

The Payments Association

This will require operational safeguards and possibly stricter liquidity management to meet new compliance benchmarks. By addressing gaps in financial inclusion, PSPs can establish themselves as vital players in these economies. This also positions them as thought leaders in the sector.

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RTGS.global Completes First Instant Cross-Border Settlement Between Georgia and Tajikistan

The Fintech Times

Marcus Treacher , executive chair at RTGS.global, commented: “This is a significant moment for RTGS.global in demonstrating how instant atomic settlement can directly solve the historic and emerging challenges associated with cross-border payments and liquidity management.