Fintech Finance

JUNE 17, 2024

The project will provide insights on how operators of real-time gross settlement (RTGS) systems could enable interoperability with new payments technologies, such as distributed ledger technology (DLT). The experiments will take place towards the end of 2024.

Distributed Ledger Technology (DLT) 97

Distributed Ledger Technology (DLT) Real Time Gross Settlement (RTGS) Settlement Interoperability 97

Fintech Finance

MAY 2, 2025

Rain announced it has joined Visa’s pilot program for stablecoin settlement. Rain has fully tokenized its credit card receivables and has transitioned all settlement transactions for its Visa cards to USDC, to now be able to settle with Visa 7 days a week, 365 days a year. ” This is just the beginning.

Credit Cards 59

Credit Cards Stablecoins Settlement Interoperability 59

Fintech Finance

OCTOBER 21, 2024

The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). KEPSS, which is Kenya’s Real-Time Gross Settlement (RTGS) system, is operated by CBK to process large-value and time-critical payments.

Message Standards 98

Message Standards Real Time Gross Settlement (RTGS) Settlement Cross-Border 98

Fintech News

NOVEMBER 12, 2024

However, challenges remain, particularly regarding interoperability. To address this, stakeholders including NETS Group and Liquid Group are working on interoperable QR payment solutions that are designed to simplify processes for merchants, Chia said.

FinTech 109

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 109

Finextra

APRIL 24, 2025

The Bank for International Settlements and its central bank partners have successfully demonstrated how wholesale payment infrastructures, such as RTGS systems, can interoperate with each other for FX transactions via new technologies, such as distributed ledgers.

Central Bank 75

Central Bank Settlement Interoperability Transactions 75

Fintech News

SEPTEMBER 11, 2024

Its blockchain interoperability experiments have demonstrated that Swift’s infrastructure can support the transfer of tokenized value across both public and private blockchains. This advancement could allow real-time exchanges of tokenised assets and payments on the Swift platform.

SWIFT 145

SWIFT Multi-Currency CBDC Interoperability 145

Faster Payments Council

JUNE 3, 2020

Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today released a new Faster Payments Interoperability white paper developed by the FPC Network Committee. Our Network Committee includes experts from U.S.

Interoperability 68

Interoperability Faster Payments Real Time Gross Settlement (RTGS) FPC 68

Fintech News

MAY 19, 2025

With Asias cross-border commerce projected to surpass US$4 trillion by 2030, StraitsX said the move supports growing demand for trusted, compliant digital assets across interoperable ecosystems. XSGD is already live on Arbitrum, Avalanche, Ethereum, Polygon, Hedera, and Zilliqa.

Stablecoins 89

Stablecoins Cross-Border APACS Interoperability 89

The Fintech Times

NOVEMBER 8, 2024

Cross-border payments often lead to delayed settlements, creating a fragmented view of liquidity positions for companies. ” Eyes on tokenised asset settlement For payment processes, UBS Digital Cash uses a private blockchain network to which only the permissioned clients have access.

Cross-Border 59

Cross-Border Cross-Border Payments Payment Solutions Blockchain 59

Fintech Finance

MARCH 24, 2025

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.

Instant Payments 69

Instant Payments Settlement Payments Central Bank 69

NFCW

JANUARY 23, 2024

To establish a dispute settlement mechanism under which Apple’s decisions denying access to NFC input will be reviewed by independent experts. EU calls for feedback on proposed settlement with Apple over NFC chip access was written by Sarah Clark and published by NFCW. Feedback should be submitted by 18 February 2024.

CHIPS 107

CHIPS Settlement API Interoperability 107

Faster Payments Council

JUNE 11, 2020

While we're well on our way to establishing a thriving faster payments ecosystem, we recognize we're still missing a key factor that can contribute to achieving ubiquitous faster payments: interoperability. 53% of respondents expressed the lack of interoperability as a key barrier to faster payments adoption.

Interoperability 68

Interoperability FPC Ubiquitous Faster Payments 68

Fintech News

OCTOBER 17, 2024

The Bank for International Settlements (BIS) has launched Project Aperta , an initiative aimed at improving open finance interoperability, reducing frictions, and cutting costs in global finance. Businesses currently face costly inefficiencies due to excessive manual paperwork and limited digital data portability.

Cross-Border 117

Cross-Border Finance Security Interoperability 117

The Fintech Times

NOVEMBER 6, 2024

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.

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

PYMNTS

APRIL 29, 2019

An interoperable cross-border solution could remove these frictions and provide smooth transfers between two real-time payment systems, while a single, globally accessible faster payments service could offer swift end-to-end transfers. Smooth communications between players must be supported if payment schemes are to be interoperable.

Interoperability 77

Interoperability ISO 20022 Instant Payments Cross-Border 77

Fintech News

NOVEMBER 5, 2024

Nium, a global payments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. Partior’s platform addresses key inefficiencies in global payments by cutting settlement times, lowering costs, and improving transparency.

Cross-Border Payments 130

Cross-Border Payments Cross-Border Multi-Currency Real Time Payments 130

Faster Payments Council

JUNE 22, 2021

Faster Payments Council (FPC), in partnership with Glenbrook Partners, today released the research report, Why Interoperability is Important to Faster Payments. Interoperability has been a recurring theme across the FPC's work efforts and a hot topic within the industry at large in recent years," said FPC Executive Director Reed Luhtanen.

Interoperability 68

Interoperability Faster Payments Research FPC 68

The Fintech Times

FEBRUARY 26, 2024

Fundamental risks to using CBDCs Nina Moffatt, fintech and regulation partner, Paul Hastings Nina Moffatt , fintech and regulation partner, of law firm Paul Hastings , notes that while CBDCs are an attractive option, risks such as settlement times are preventing mainstream adoption.

Cross-Border Payments 145

Cross-Border Payments Cross-Border Digital Currency Central Bank 145

Fintech News

DECEMBER 22, 2024

Cross border payments and digital advances in Singapore Singapore has made advancements in digital payments and emerging challenges in cross-border interoperability. Finally, the fintech startup ecosystem continued to diversify, a trend which is evident in the rapid growth of Web 3.0,

FinTech 113

FinTech Cross-Border Payments Cross-Border Money Laundering 113

The Fintech Times

MARCH 25, 2025

Additionally, integrated settlement and liquidity management 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.

Instant Payments 59

Instant Payments Payments Settlement Central Bank 59

Fintech News

JUNE 12, 2024

The Bank for International Settlements (BIS) Innovation Hub ‘s Point Zero Forum 2023 roundtable brought together key stakeholders and leaders from both the public and private sectors to discuss opportunities and challenges in cross-border payments.

Cross-Border Payments 122

Cross-Border Payments Cross-Border Interoperability Payments 122

The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.

Central Bank 75

Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

Finovate

MAY 22, 2025

Circle has launched the Circle Payments Network (CPN) to modernize the $190 trillion cross-border payments market with blockchain-based, near-instant settlement. CPNs near-instant settlement and cost-efficiency could significantly reduce both time and expense, especially for businesses operating across emerging markets.

Payment Networks 52

Payment Networks Cross-Border Payments Cross-Border Stablecoins 52

Fintech News

NOVEMBER 6, 2024

He outlined MAS’ long-term efforts to enhance capabilities, such as developing a national digital identity, fast payment rails, and achieving seamless interoperability between payment schemes to ensure low-cost, accessible, and efficient payments. Discussing generative AI, Chia described MAS’ cautious but collaborative approach.

FinTech 109

FinTech Interoperability Cross-Border Payments Stablecoins 109

The Fintech Times

JANUARY 14, 2025

“Consumer adoption is growing rapidly, and merchants increasingly recognise the benefits, namely its real-time settlement, high-converting user experience and bank-grade security. BR-DGE is leading the way in payment orchestration and were delighted to partner with them to offer Pay by Bank to its merchants.

Interoperability 59

Interoperability Settlement Process Security 59

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 117

Interoperability Cross-Border Payments Financial Inclusion 117

Fintech News

AUGUST 8, 2024

This connectivity is not just a technical necessity but a strategic imperative for seamless settlement, reconciliation and post-trade operations, enhanced transparency, and operational efficiency. As the industry evolves, adopting robust standards like ISO 20022 becomes crucial for driving these benefits.

ISO 20022 127

ISO 20022 APACS SWIFT ISOs 127

Fintech News

JULY 14, 2024

Partior, a fintech known for its global unified ledger based interbank rails for real-time clearing and settlement, has announced the first close of an over US$60 million Series B funding round led by Peak XV Partners, with participation from Valor Capital Group and Jump Trading Group as new investors. Existing shareholders J.P.

Cross-Border 109

Cross-Border Correspondent Bank Multi-Currency Settlement 109

Fintech News

DECEMBER 11, 2023

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 PoC explored two models. Globally, over 130 countries are exploring, developing, or have launched CBDCs.

CBDC 113

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

Fintech Finance

SEPTEMBER 17, 2024

ISO 20022 is the global messaging standard for financial messages, designed to enable interoperability between financial institutions and other market players. The move comes as part of its offering to simplify reconciliation and enhance data standardisation for its global payments client base.

ISO 20022 105

ISO 20022 ISOs Reconciliation Message Standards 105

The Payments Association

FEBRUARY 17, 2025

With the rise of real-time payment settlement networks, cross-border transactions are becoming instant, cost-effective, and more transparent. By facilitating secure data sharing and interoperability between financial service providers, open banking fosters competition, innovation, and greater accessibility for consumers worldwide.

Innovation 88

Innovation Cross-Border Financial Inclusion Payment APIs and Integration 88

Fintech News

DECEMBER 9, 2024

Crucially, this initiative is critical for establishing a robust and interoperable ecosystem, where tokenised assets can be traded securely and efficiently across different jurisdictions. The GFF aims to simplify the process of incorporating new tokenised funds and help achieve efficiencies in fund settlement.

Cryptocurrency 117

Cryptocurrency Cross-Border Consumer Protection Facilitators 117

Fintech News

MARCH 25, 2024

The experiments successfully showcased the potential of Swift’s interlinking solution to streamline trade processes, enhance liquidity in tokenized securities markets, and enable efficient foreign exchange settlement.

CBDC 109

CBDC SWIFT Interoperability Settlement 109

The Fintech Times

APRIL 17, 2024

In tandem, Quant also contributes its proficiency in enabling programmability and interoperability across various monetary forms, supplying the orchestration and API layer through its Overledger platform. This strategic choice highlights their complementary methods in achieving interoperability as well as seamless integration.

Payment APIs and Integration 137

Payment APIs and Integration Blockchain Finance Digital Payments 137

Fintech Finance

AUGUST 20, 2024

TerraPay , a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Interoperability Payments 52

Fintech News

JULY 16, 2024

Tianwei Liu Tianwei Liu, CEO and Co-founder of StraitsX said, “The launch of XUSD and our recent MPI licences represent major steps forward in simplifying and securing payment settlements. Jason Tay Jason Tay, Head of Commercial, StraitsX, added, “Stablecoins will play an increasingly pivotal role in the global financial landscape.

Stablecoins 113

Stablecoins Security Cross-Border Settlement 113

PYMNTS

OCTOBER 12, 2020

As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function). Looking Toward Interoperability And Scale . The Timeframe .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97