Fintech News

NOVEMBER 3, 2024

The project uses a digital transfer agent smart contract and Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for cross-chain communication, enhancing efficiency and transparency while cutting costs. This phase tests the commercial use of a tokenised UBS money market fund under a Variable Capital Company (VCC) structure.

Cross-Border 114

Cross-Border Security Interoperability Blockchain 114

Fintech News

JANUARY 15, 2024

Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants., designed to align with the country’s vision of a seamless, accessible, and interoperable payments ecosystem. Here are five interesting takeaways gathered from the interoperable SGQR+ trials.

Interoperability 114

Interoperability Cross-Border Payments Financial Inclusion 114

M2P Fintech

DECEMBER 14, 2024

However, one significant challenge continues to persist Choosing a Loan Origination System (LOS) partner who not only augments customer service but also streamlines the entire digital lending supply chain to drive both profitability and accountability. What is Loan Origination System (LOS)? First, a quick recap.

Origination 52

Origination Payment APIs and Integration Assessments Compliance 52

Fintech Finance

AUGUST 1, 2024

The Interledger Foundation , an organization building and advocating for an open, interoperable payment network, today announced its work with the People’s Clearinghouse, a social sector tech platform that services community banks and credit unions in Mexico. and Mexican residents via community banks in rural areas.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Community Banks Credit Union 98

Fintech Finance

SEPTEMBER 19, 2024

HSBC also tested the interoperability of its gold tokens using post-quantum cryptography (PQC) to move digital assets safely across distributed ledgers via secure networks, addressing clients’ evolving needs and regulations. Both launches use the technology of the HSBC Orion digital assets platform.

Distributed Ledger Technology (DLT) 96

Distributed Ledger Technology (DLT) Technology Interoperability Cybersecurity 96

Finextra

JULY 4, 2025

Traditional public blockchains are too transparent for sensitive financial data, while private chains lack interoperability and scalability. The blockchain space has long lacked a solution that allows regulated financial institutions to operate on-chain without compromising privacy, control, or compliance.

Interoperability 59

Interoperability Privacy Blockchain Authorization 59

The Payments Association

JANUARY 22, 2025

Additionally, standardisation of digital IDs is required to ensure they are interoperable with TSA systems. These passports contain a range of data such as origin, materials and sustainability credentials, which also helps to promote trust and transparency among consumers.

Security 88

Security Online and Mobile Banking Credential Verification 88

The Fintech Times

JULY 17, 2024

. “GDF serves the digital asset community as an open innovation and standards platform and we welcome the opportunity to partner with industry leaders like GLEIF, to help set and better promote standards that enable a better integrated, efficient and interoperable digital financial system for all market participants.”

Best Practices 87

Best Practices Interoperability Message Standards Legal 87

PYMNTS

MAY 31, 2018

This makes interoperability that much more difficult to achieve. When you think about interoperability, a key element of that is standardization,” Throckmorton explained. “If Originally debuted in 2004 and revised in 2013, it is intended to serve as a common platform for payments messaging between systems in the financial industry.

ISO 20022 40

ISO 20022 ISOs Interoperability NACHA 40

Finovate

MAY 22, 2025

“The launch of CPN represents a leap forward for global payments infrastructure toward an architecture where interoperability, compliance, speed, and cost-efficiency are emphasized,” said Circle VP of Product Management Sunil Sharma. “We are just getting started.

Payment Networks 52

Payment Networks Cross-Border Payments Cross-Border Stablecoins 52

PYMNTS

NOVEMBER 2, 2020

Tech-driven Interoperability and collaboration will finally bring trillions of dollars into the digital age, Kevin Phalen , head of global business solutions at Visa , told Karen Webster in a recent interview. Interoperability will get a boost with messaging standards such as ISO 20022.

B2B 119

B2B Cross-Border Digital Currency Multi-Currency 119

Fintech Finance

MAY 28, 2025

KNET utilized ACI’s Digital Central Infrastructure solution to build the central payment infrastructure of WAMD, an interoperable, countrywide scheme that enables account-to-account (A2A) payment transfers via a bank’s mobile app or internet banking service by using a phone number.

Real Time Payments 52

Real Time Payments Accounts Financial Inclusion Payments 52

Stax

JANUARY 28, 2025

Tokenization is a process whereby sensitive data is converted to placeholder data strings which are stored as a token on the merchants system, while the original data is moved to a secure, third-party vault. The original sensitive data is still secured and hidden in an external data bank.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

Fintech Finance

MAY 22, 2025

With the new unified solution, CIMB Bank will reduce the complexity of managing siloed legacy systems to achieve greater efficiency and agility while minimizing cost and risk. “CIMB’s payment transformation is a bold re-architecture of our core payments infrastructure to unify all payment flows.

ISO 20022 91

ISO 20022 Cross-Border ISOs Payments 91

Tearsheet

APRIL 22, 2024

A recap of how the service works: To enable cross-platform interoperability, participating wallets introduce a new user flow that allows eligible consumers to set up or enable a unique Visa+ payname account. The newly created Visa+ payname is associated with a receive-only Visa token stored by Visa and linked to the user’s wallet account.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

PYMNTS

NOVEMBER 23, 2020

He stated that the Figure Pay account will be interoperable with other accounts and payment methods (bypassing some of the vagaries of “closed” systems like MCX, now long-defunct). He added that, even in the absence of interchange (where several parties get a piece of the fee), blockchain-based transactions exist only between two parties.

Financial Inclusion 86

Financial Inclusion Office of the Comptroller of the Currency Blockchain OCC 86

PYMNTS

AUGUST 1, 2019

Looking ahead, the CBPR+ group plans to release guidelines on ISO 20022 that align with the High Value Payment System (HVPS+) to enable interoperability with high-value domestic payment processing, said SWIFT. More guidelines will be released in the future, the company added.

ISO 20022 76

ISO 20022 ISOs SWIFT Cross-Border 76

PYMNTS

FEBRUARY 26, 2020

As the world’s payment market infrastructures and their currencies complete their adoption of ISO 20022, they are reaping the benefits that interoperable and data-rich standard can offer. Since the launch of ISO 20022, adoption has gained incredible momentum with financial institutions worldwide. A Gradual Move With Big Benefits.

ISO 20022 104

ISO 20022 ISOs SWIFT Cross-Border Payments 104

Fintech Finance

JULY 18, 2024

KINTO Italia and Toyota Financial Services Italy (TFSI) are already working synergistically to support the ongoing transformation in the mobility sector”, commented Mauro Caruccio, CEO of Toyota Financial Services Italy and Chairman & CEO of KINTO Italy.

Embedded Finance 104

Embedded Finance FinTech Finance Interoperability 104

Fintech Finance

SEPTEMBER 25, 2024

The company’s Intelligent Acceptance product runs more than 60 million optimisations per day and has helped customers unlock $5.5bn in lost revenue (more than seven times more than the previous year), using AI trained on billions of transaction data points originating from the entire Checkout.com merchant portfolio (the ‘Checkout Network’).

Continuity 98

Continuity Product Payment APIs and Integration API 98

The Payments Association

MARCH 18, 2025

As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration. Open finance is transforming financial services by enabling broader data-sharing, fostering competition, and driving innovation in payments and financial products.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

The Payments Association

MARCH 17, 2025

Supporting SMEs and B2B payments SMEs are the backbone of the UK economy, yet many struggle with compliance burdens that were originally designed for larger financial institutions. Cross-border interoperability : Enabling UK stablecoins to integrate with international payments frameworks.

Regulations 88

Regulations Risk Stablecoins Payments 88

PYMNTS

SEPTEMBER 30, 2019

We imagine if presented with an iPhone, penicillin, an automobile or just a ballpoint pen, even the original scribe would have been forced to concede that exciting innovations might be coming up on humanity’s horizon in the intervening 30 centuries. So today (Sept. 30), the card network announced just such a FinTech partnership.

Interoperability 84

Interoperability FinTech Underwriting Consumer 84

Fintech News

JULY 17, 2024

These services blend the cryptocurrencies of many users together, making it difficult to trace the origin of funds. This trend highlights how criminals are exploiting the interoperability of different blockchain networks to further obscure the trail of illicit funds. Usage of mixers peaked in 2022, with over US$1.5

Money Laundering 107

Money Laundering Law Enforcement AML Non-Bank 107

PYMNTS

OCTOBER 1, 2020

My Rewards was originally launched in 2018. Points as Cash Requires Program Interoperability. are moving toward an open-source, interoperable loyalty points ecosystem that will alter the loyalty program as we’ve known it. What we're [striving for] is to make. New features and benefits with My Rewards 2.0

Digital Currency 93

Digital Currency Point-of-Sale (POS) Online and Mobile Banking Interoperability 93

Faster Payments Council

SEPTEMBER 17, 2019

Kirstin spoke openly with our membership, addressing questions coming in from our members on topics such as ubiquity, interoperability, and industry collaboration. We were thrilled to have upwards of 100 of our members on the line to hear directly from Kirstin Wells, principal economist at the Federal Reserve Board.

FPC 68

FPC FedNow Fed Request for Comment 68

Trade Credit & Liquidity Management

MAY 29, 2025

It provides a flexible, common platform and methodology for creating standardized, rich, and structured financial messages that enable interoperability among financial institutions, market infrastructures, and their customers worldwide.

ISO 20022 52

ISO 20022 ISOs Compliance Cross-Border 52

Fintech Review

JULY 16, 2024

The concept of open banking originated from regulatory initiatives aimed at increasing competition and consumer choice in the financial sector. Interoperability between different systems also presents a hurdle. Many people are unaware of open banking and its potential benefits.

Innovation 98

Innovation Consumer API Financial Inclusion 98

PYMNTS

AUGUST 10, 2020

Waiting for the Fed — and its promise of interoperability, which requires participation from the private sector — is akin to playing the (very) long game. financial services ecosystem, traction may have thus far been slower than originally thought. Achieving ubiquity across the 12,000 or so FIs in the U.S.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

The Payments Association

MAY 16, 2025

A robust orchestration framework for autonomous payments should deliver the following: Verifiable agent identity: Strong authentication and authorisation mechanisms to prevent AI agent impersonation and ensure origin integrity.

AI 88

AI Fraud Detection Gateways Payment Gateways 88

Finovate

MARCH 7, 2025

Notably, these acquisitions continue to operate under their original brands, allowing for organic user growth before transitioning fully to Wero. The Bank of Ghana and the National Bank of Rwanda inked an MoU to provide companies with a license passporting framework and cross-border payment interoperability.

Payments 52

Payments Push-to-Card Online and Mobile Banking P2P 52

Finovate

SEPTEMBER 20, 2024

The key development, which has not yet been replicated in developed markets, is the full banking interoperability that open banking enables in Uzbekistan. The level of innovation in the local fintech market is very advanced, thanks to open banking. In practice, it allows customers to seamlessly interact with multiple financial institutions.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

Fintech Finance

APRIL 4, 2024

As an early participant in the RTP® network and top 3 RTP® originator, Cross River first collaborated with Trustly to provide access to The Clearing House’s RTP® network, where together, they are leading RTP® adoption. Trustly and Cross River have long served as pioneers in the instant payment industry.

FedNow 45

FedNow Instant Payments RTP Interoperability 45

PYMNTS

OCTOBER 11, 2019

Asia is the biggest market for payment origination in terms of the number of students. In terms of mechanics for the JCB relationship, Frere told Webster, the transactions originate in Asia, travel over Flywire’s payment rails and reach the various universities. The Mechanics.

Cross-Border 53

Cross-Border Cross-Border Payments Payer Interoperability 53

PYMNTS

OCTOBER 10, 2016

“They are trying to maintain interoperability from a global perspective and also trying to achieve that standardization,” he explained. Throckmorton explained that ISO 20022 is not new to NACHA; there’s been an increased interest from businesses to have this flexible option of using ISO formatted messages.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

The Fintech Times

JULY 20, 2024

When finance meets mobility The collaboration between Toyota Financial Services Italia and Fabrick originates within the framework of Finmobility. KINTO Italia and Toyota Financial Services Italy (TFSI) are already working synergistically to support the ongoing transformation in the mobility sector.

Finance 69

Finance Embedded Finance FinTech Interoperability 69

PYMNTS

MAY 5, 2020

At the virtual launch event, attendees will be treated to a panel discussion, a live Q&A and an interoperability discussion. The ToIP Foundation will hold several workshops and events this year, with the first one being an official launch event May 7 at 9 a.m. Those interested in witnessing that can sign up on Zoom.

Interoperability 52

Interoperability Credential Visa Governance 52