article thumbnail

Ant International Joins Swift Initiative for Cross-Border Payment Interoperability

Fintech News

Ant International has joined Swift ‘s “Network Interoperability Reference Implementation” programme, a pre-pilot initiative designed to improve cross-border payment experiences.

article thumbnail

Project Guardian: Interoperability From Tokenised Bank Liabilities Could Save Firms $50bn in FX Fees

The Fintech Times

By enabling interoperability between bank solutions, payments can be completed 24/7 with FX settlement conducted in real-time. Kenneth Gay, chief fintech officer, MAS Kenneth Gay , chief fintech officer, MAS, said: “The use of tokenised bank liabilities marks a milestone in the evolution of cross-border payments and FX settlements.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Singapore Fintech Festival Kicks Off 2025 Awards Call for Nominations

Fintech News

The Monetary Authority of Singapore (MAS) and the Singapore Fintech Association (SFA) have launched a global call for nominations for the 2025 Singapore Fintech Festival (SFF) Fintech Excellence Awards. Meanwile, three individuals will be selected for the Fintech Mentor Award.

FinTech 105
article thumbnail

Is Southeast Asia Fintech Funding Drying Up?

Fintech News

A Tracxn Technologies report highlights that the Southeast Asia fintech ecosystem experienced its zenith in 2021, marking the highest annual equity funding in the last decade. A visual overview of the SEA fintech sector’s funding trajectory from 2017 to 2024, showcasing the sharp decline after a record-breaking 2021.

FinTech 117
article thumbnail

The Full List of Fintech Unicorns in Asia (2025)

Fintech News

The fintech unicorns in Asia are moving to reshape the very fabric of how people and businesses interact with money. Out of the unicorns worldwide valued at a combined $4 trillion , a rising share are coming out of Asias fast-moving fintech ecosystem. These include two decacorns from India and China, each valued at over $10 billion.

FinTech 138
article thumbnail

5 Stories That Shaped Singapore’s Fintech Scene in 2024

Fintech News

In 2024, Singapore continued to solidify its position as a global fintech leader. Finally, the fintech startup ecosystem continued to diversify, a trend which is evident in the rapid growth of Web 3.0, Finally, the fintech startup ecosystem continued to diversify, a trend which is evident in the rapid growth of Web 3.0,

FinTech 113
article thumbnail

Here’s Everything That Happened Singapore Fintech Festival 2024 in 10 Key Highlights

Fintech News

The ninth edition of the Singapore Fintech Festival (SFF) wrapped up on 8th November, concluding a dynamic week-long of celebration of fintech that brought together tens of thousands of participants from around the world. However, challenges remain, particularly regarding interoperability.

FinTech 109