Fintech News

AUGUST 12, 2024

DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquidity management, in collaboration with Ant International.

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Treasury Blockchain Cross-Border Payments Multi-Currency 96

Tearsheet

FEBRUARY 16, 2024

FedNow attracted 331 participants, while RTP had 460 participants as of December 2023. Market Development at Mastercard, to discuss the extended partnership’s new areas of focus, strategies the RTP network is employing to appeal to a broader range of participants, and the competition with FedNow.

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PYMNTS

JANUARY 8, 2021

One thing is customer service, but the other is liquidity management or cash flow forecasting, and that's new to a lot of organizations.”. To me, the bottom line is the more volume, the better the pricing for all participants in the industry,” she said. RTP Outlook.

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The Fintech Times

NOVEMBER 6, 2024

It revealed that it will first roll out the service in Singapore, where Visa cardholders from participating banks, including DBS , OCBC , and UOB , will be part of the pilot programme. “Based on our biometrics study, close to seven in 10 Singapore consumers see this as a secure way to pay.

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Product Cross-Border FinTech Cross-Border Payments 101

Fintech Finance

OCTOBER 15, 2024

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.

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Cross-Border Liquidity Management Cross-Border Payments Correspondent Bank 98

Fintech Finance

OCTOBER 30, 2024

Following Adhara’s parallel simulation, participants will also have the opportunity to engage with its MarginBloc solution. Edward Budd, Co-Founder of Adhara, said: “Managing these margin payments for uncleared transactions has allowed us to see first-hand the benefits that can be brought to participants.

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Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments 96

Finovate

FEBRUARY 4, 2025

” Founded in 2023, Money Squirrel was selected to participate in the SHIFT open finance communitys dedicated fintech incubator, Ignite. Therefore, we know firsthand how having the technology to remove these frustrations can unlock so much potential for businesses.”

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Fintech Finance

JULY 15, 2024

The two sides also agreed to work together to strengthen WorldFirst’s participation in the Single Euro Payments Area (SEPA) scheme. BNP Paribas will sponsor WorldFirst’s participation in the SEPA scheme, allowing WorldFirst to leverage the bank’s expertise and products to expedite its integration and onboarding onto SEPA.

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Cross-Border Payments Cross-Border Treasury Management Treasury 98

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 indirect model featured an on-chain DLT-based solution developed by UDPN engineers.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 110

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.

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Cross-Border Correspondent Bank Multi-Currency Settlement 106

The Payments Association

JANUARY 13, 2025

These rigidities could significantly affect firms cash flow and liquidity management. Firms should actively participate in ongoing consultations and stay informed about developments related to the safeguarding reforms. The first being to engage with the regulatory process.

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Compliance Audit Legal Reconciliation 88

The Payments Association

MAY 7, 2025

While institutional-grade assets such as commercial properties, infrastructure projects and large-scale property funds are already being tokenised, the continued development of secondary markets will help reduce illiquidity discounts and encourage greater participation.

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Settlement Liquidity Management Treasury Blockchain 88

The Payments Association

JANUARY 13, 2025

This will require operational safeguards and possibly stricter liquidity management to meet new compliance benchmarks. Under the Bill, PSPs will be required to review their obligations under this evolving legal framework to confirm their ability to deliver on redemption guarantees.

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Legal Stablecoins Cross-Border Due Diligence 88

PYMNTS

NOVEMBER 14, 2018

What does that mean for liquidity? “One of the difficulties currently is that motivation amongst some industry participants [to adopt real-time liquidity] is relatively limited,” Deutsche Bank noted. This adoption curve is likely to repeat itself in a real-time payments environment, the report predicted.

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Real Time Payments Real Time Gross Settlement (RTGS) Liquidity Management Same Day ACH 78

Payment Savvy

MAY 15, 2023

Liquidity Management Tool To manage liquidity in this system, the FedNow service will offer a liquidity management tool. Cost efficiency: A well-managed liquidity position means banks can use their funds more effectively, maximizing returns on investments and reducing borrowing costs.

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PYMNTS

MARCH 9, 2018

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation and more. The PoC includes 34 banks, each with their own node in SWIFT’s DLT sandbox.

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PYMNTS

NOVEMBER 11, 2020

Into that void steps artificial intelligence (AI)-powered liquidity management systems. How big of a problem is manual data entry and processing? As the Playbook observes , these are “similar to automated inventory systems in that they can predict when cash will be necessary to have on hand and in what amounts.

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The Fintech Times

JANUARY 16, 2024

As a result, the needs of market participants have evolved and they continue to do so at a substantial pace. Reducing the cost of payments becomes imperative A confluence of factors from high interest rates to volatile credit markets are driving up the cost of payments and making liquidity management ever more challenging.

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Payments Trends Risk Identity Theft Payments 98

The Fintech Times

JULY 15, 2024

The two organisations have agreed to work together to strengthen WorldFirst’s participation in the Single Euro Payments Area ( SEPA ) scheme. BNP Paribas will sponsor WorldFirst’s participation in the SEPA scheme, enabling WorldFirst to leverage the bank’s expertise and products to expedite its integration and onboarding onto SEPA.

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Cross-Border Payments Cross-Border Payment Solutions Treasury Management 49

Finovate

OCTOBER 16, 2024

Of the FedNow participants, 78% are community banks and credit unions. There are a handful of reasons why firms might be hesitant to participate in FedNow. Additionally, banks may be holding back because of the fees that come with participating in FedNow. The Fed also charges a liquidity management fee of $1 per transfer.

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PYMNTS

DECEMBER 3, 2019

This is good for credit unions because CACU will handle the settlement and liquidity management of its members’ participation in the network, something that would cost a lot more for credit unions to do on their own.

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PYMNTS

OCTOBER 12, 2020

FinTechs are interested in providing value-added services to FIs — and can conceivably connect their offerings to the FedNow platform via participating depository institutions. Larger companies, he said, could leverage instant payments for better liquidity management, as they juggle payroll or invoices. Digital Dollars, Too? .

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Instant Payments FedNow Fed Interoperability 97

PYMNTS

DECEMBER 12, 2019

that aim to lower barriers for FinTechs to participate, she said. The more we look at this as a big bang or a rip-and-replace, the more hesitancy participants are going to have to move forward.”. On the other are regulations in place that Killam noted could hinder real-time payments progress, most notably U.S. In the U.S.

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RTP Real Time Payments Faster Payments Cross-Border 72

The Fintech Times

DECEMBER 6, 2023

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.

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PYMNTS

SEPTEMBER 4, 2018

On a broader scale, faster payments and access to transaction data in real time can help shift organizations toward real-time liquidity management, too, reported Deutsche Bank. Deutsche Bank pointed to cash pooling processes as a key area that can benefit from real-time payments.

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Faster Payments Treasury Real Time Payments Liquidity Management 44

PYMNTS

DECEMBER 22, 2020

Technologies that sit between AR and AP departments can also elevate financial visibility to allow finance teams to make better liquidity management decisions, the report found. Offering sales to corporate customers on trade credit is an important component of B2B trade.

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Commercial Card B2B Legal Accounts 79

Finovate

JULY 26, 2024

Valor Capital Group and Jump Trading Group also participated as new investors along with existing shareholders J.P. Partior’s 24/7 blockchain network works with real-time local currency payment and RTGS systems globally and facilitates direct and indirect settlement flows with market participants.

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AI Cross-Border Payment APIs and Integration Multi-Currency 73

PYMNTS

APRIL 15, 2020

While China continues to slowly open up its financial services market to foreign participants to drive competition in areas like mobile payments and banking, when it comes to B2B payments, the market remains dominated by Chinese traditional banks.

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PYMNTS

APRIL 15, 2020

As organizations are scrambling to digitize their B2B payment processes in a remote work environment and prioritize liquidity management to mitigate volatility, Boost Payment Solutions Founder and CEO Dean M. Boost Finds A Surge In Corporate Card Interest. “Everybody’s really concerned about cash,” he said.

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Commercial Card Payment APIs and Integration Card Issuer Multi-Currency 62

PYMNTS

NOVEMBER 28, 2016

” Having these smaller banks participate, Hay added, is “absolutely vital” for the faster payments initiatives to truly get off the ground and become ubiquitous. That, I think, is one of the key enablers in allowing the smaller banks to join.” As Faster Payments spreads throughout the U.K.

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Faster Payments Real Time Payments Payments Instant Payments 54

The Fintech Times

JULY 24, 2024

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 liquidity management. RTP, on the other hand, is interoperable which allows third-party apps like Zelle to access and build products on.

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PYMNTS

SEPTEMBER 17, 2019

Operating as a funding agent will broaden community banking participation in RTP, Bankers’ Bank said, adding that it will also build a 24/7 liquidity management solution for RTP transactions within its cash management suite of services.

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B2B RTP Bankers' Bank Funding Agent 43

Faster Payments Council

SEPTEMBER 23, 2023

Participating organizations will share insights gained and how they will implement these standards to catalyze instant payments adoption with a streamlined RFP customer experience. Cash Management: A Challenge for Real-Time Payments (Foundry Ballroom) Managing unpredictable cash flows for real-time 24x7x365 payments is critical.

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FPC Federal Reserve RFP Faster Payments 88

PYMNTS

OCTOBER 28, 2019

The B2B space now sees the benefit [of real-time payments], which is not just about having the ability to do real-time liquidity management or the ability to make emergency payments,” he said. “It’s But with the U.S. It’s also about all of the value-adds it brings in.

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Real Time Payments Instant Payments Value Added Service Payment APIs and Integration 40

Clearly Payments

AUGUST 1, 2024

This trend is supported by the development of infrastructures like the Single Euro Payments Area (SEPA) Instant Credit Transfer scheme, which allows euro transactions to be processed within seconds across participating countries.

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Process Online and Mobile Banking Fraud Prevention Payments 52

Segpay

JUNE 25, 2024

Faster transaction settlement can streamline operations and enhance liquidity management for US companies. In July 2023, the Federal Reserve launched the FedNow Service, an instant payments infrastructure that allows participating banks and credit unions to send and receive transactions within seconds, 24/7.

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Online and Mobile Banking Payments Settlement Transactions 52

PYMNTS

SEPTEMBER 26, 2019

However, progress remains slow, not least of all because the stakes can be high: With so many financial institutions participating in a consortium or pilot, inter-functionality becomes more complex, while the demand to manage many (sometimes differing) end-user demands also adds complication. Frazier offered the example of a U.S.

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Blockchain Cross-Border Cross-Border Payments Liquidity Management 61