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As a Project Guardian participant, Ant International also leveraged its blockchain-based Whale platform to develop a global treasury management use case for real-time multi-currency clearing and settlement. By enabling interoperability between bank solutions, payments can be completed 24/7 with FX settlement conducted in real-time.
The processes included converting reserve account balances into digital Rupiah and vice versa, ensuring seamless interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system. The PoC demonstrated the transformative potential of DLT-based systems in improving liquiditymanagement.
This solution leverages blockchain technology, including advanced encryption and AI, to enhance the efficiency and transparency of fund movements for improved global liquiditymanagement. This achievement builds on a recent successful test settlement of a Hong Kong dollar (HKD)-denominated transaction between the two companies.
By introducing the SOMQR standard and establishing the Somalia Payment Switch (SPS) as the scheme manager and operator, CBS aims to reduce reliance on cash, ensure interoperability, and expand financial services across the country. The demand for secure, fast, and modern payment solutions has been pressing.
Partnerships with organisations such as Swift and Visa are central to this strategy, particularly in regions like APAC where liquiditymanagement and currency diversity present challenges. Bottomline’s connectivity solutions are designed to support these goals through flexible routing and network interoperability.
The State of Payment Infrastructures Modern payment infrastructure systems, such as India’s Unified Payments Interface (UPI) and South Korea’s Real-Time Gross Settlement (RTGS), are setting benchmarks by enabling real-time, cashless, and interoperable transactions.
By introducing the SOMQR standard and establishing the Somalia Payment Switch (SPS) as the scheme manager and operator, CBS aims to reduce reliance on cash, ensure interoperability, and expand financial services across the country. The demand for secure, fast, and modern payment solutions has been pressing.
Additionally, integrated settlement and liquiditymanagement solutions, overseen by the central bank as the clearing and settlement agent, provide real-time net position updates and multiple settlement cycles, while a national QR payment standard known now as ‘SOMQR’ enables fast contactless transactions with a simple scan.
Ant International is also working with StraitsX to enable the efficiency and interoperability of payments made via PBM through the Whale platform, Ant International’s treasury management solution.
But the real story is in the infrastructure behind it: licensing, interoperability and a deep commitment to making cross-border payments work for everyone – not just the biggest players. This purpose is rooted in facilitating inclusion and interoperability. TerraPay now connects over 155 countries and 3.7
In contrast, tokenized deposits stay on the bank’s balance sheet, making the funds usable for lending, investing, and general liquiditymanagement. The post Tokenized Deposits vs. This reduces the money multiplier effect and may even weaken bank balance sheets over time.
Omar Salem Financial regulation and fintech partner, Fox Williams "Post–31 March 2025, the UK regulator is focused on supervision and in the future may hold firms, and potentially individuals, accountable for operational resilience breaches. Post-deadline supervision will stress-test incident playbooks and escalation protocols.
Kyriba A global cloud-based treasury management system offering cash and liquiditymanagement, payments automation, and risk mitigation solutions. Best for : Enterprises seeking full treasury and risk management integration. Here are the leading platforms supporting treasury excellence: 89.
This shift is happening in parallel with rising regulatory scrutiny, growing interoperability demands, and the push for real-time finance — all of which are forcing teams to revisit how payments, reporting, and liquidity should function across jurisdictions and systems. Modern banking integrations are also critical.
Trade Credit & LiquidityManagement is a reader-supported publication. To receive new posts and support our work, consider becoming a paid subscriber. However, companies will need to update their systems and processes, including ERP and treasury management tools, that effectively handle these new structured data formats.
DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquiditymanagement solution, in collaboration with Ant International. This greatly enhances extensibility and interoperability with multiple industry payment infrastructures that DBS is involved in.
This collaboration makes Nium the first fintech payment service provider to join the Partior network, unlocking new capabilities such as programmable enterprise liquiditymanagement and Just-in-Time multi-bank payments for financial institutions.
DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquiditymanagement, in collaboration with Ant International.
The new guideline, developed by the FPC’s Operational Considerations Work Group, sponsored by Endava , dives deep into the practical considerations FIs must address to successfully implement instant payments, from liquiditymanagement to fraud mitigation, business continuity, and staffing requirements. The post U.S.
Companies like Banking Circle are powering banks and fintechs with seamless, interoperable solutions to transact across borders.” “We Banking Circle Group offers cross-border payments, accounts, and liquiditymanagement to meet companies’ global financial needs.
Partior plans to integrate more currencies and add new capabilities such as intraday FX swaps and programmable enterprise liquiditymanagement. Featured image credit: Edited from Freepik The post Temasek-backed Partior Sees 75% Surge in Losses for 2023 Amid Rising Expenses appeared first on Fintech Singapore.
G+D’s non-DLT-based CBDC system, Filia, was used in the direct model, demonstrating its interoperability and can be integrated into both traditional account-based environments and DLT solutions. ” The post SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems appeared first on Fintech Singapore.
The migration of KEPSS to ISO20022 brings significant benefits, including faster settlement times, streamlined processing, and improved liquiditymanagement for financial institutions. ISO20022 is the latest international open standard for financial messaging that is being adopted globally.
With competitive foreign exchange rates and low international payments fees no longer a sufficient differentiator, RTGS.global’s atomic settlement solution will give PSPs a competitive advantage by enabling more efficient movement of liquidity to payment destinations required by their customers.
The Practicalities of Cross-Border Payments in a Faster Payments World also highlights the challenges faced by fintech companies, providing insights into regulatory compliance, security, foreign exchange rate risks, lack of transparency, high costs, interoperability, data privacy, competition with financial institutions, and liquiditymanagement.
Fnality is realising a multi-jurisdictional vision, where a network of FnPSs, interoperable on a 24/7/365 basis, will facilitate a seamless global liquiditymanagement ecosystem. Subject to regulatory approval, Fnality has plans for US expansion in 2025.
The platform’s 24×7 blockchain network can interoperate with real-time local currency payment and RTGS systems globally, facilitating both direct and indirect settlement flows with market players. Morgan, Standard Chartered, and Temasek as co-shareholders in this journey,” said Shailendra Singh, Managing Director at Peak XV.
As Koenigsberg described, interoperability of payment rails old and new will be key to driving the kind of adaptability B2B payments will need in the year ahead. In Mastercard's case, that involves embracing a mix of interoperable payment rails via its Mastercard Track Business Payment Service. The Coexistence Of Rails.
Today our selection of leaders discuss the evolving payment landscape in 2024, touching on trends like convergence of personal and corporate payments, real-time cross-border payments, interoperability’s influence, and the significance of orchestration in streamlining payments in the travel sector.
Not only will today’s partnership with Partior help Nium facilitate global transactions, it will also support new services, including intra-day FX swaps, cross-currency repos, programmable enterprise liquiditymanagement, and Just-in-Time multi-bank payments for banks across the globe.
LiquidityManagement Tool To manageliquidity in this system, the FedNow service will offer a liquiditymanagement tool. Cost efficiency: A well-managedliquidity position means banks can use their funds more effectively, maximizing returns on investments and reducing borrowing costs.
The Fed also charges a liquiditymanagement fee of $1 per transfer. With instant payments, banks must have sufficient liquidity available at all times, even during weekends and non-business hours. Banks should also establish internal controls to maintain and managing their liquidity reserves effectively.
Here our experts discuss the challenges and opportunities for establishing interoperable directory capabilities in the United States. Cash Management: A Challenge for Real-Time Payments (Foundry Ballroom) Managing unpredictable cash flows for real-time 24x7x365 payments is critical.
Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquiditymanagement. RTP, on the other hand, is interoperable which allows third-party apps like Zelle to access and build products on.
These tests explored questions on the applicability of DLT for the Rupiah Digital, the integration of smart contracts for transaction efficiency, and the system’s interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system and other financial market infrastructures.
It introduces a richer, more structured data format for payment messages, designed to enhance interoperability, increase efficiency, and reduce ambiguity in financial communications. T+1 also raises challenges around funding and liquiditymanagement, especially for cross-border trades involving time zone differences or currency conversions.
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