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UOB and its wholly owned subsidiary UOB China have signed agreements to become direct participants of China’s Cross-border Interbank Payment System (CIPS). As of May 2025, it connects 174 direct and 1,509 indirect participants globally. This strengthens their ability to support cross-border renminbi (RMB) transactions.
This improves our liquiditymanagement resilience and allows us to put excess intraday liquidity to work. I envision that markets will only get more competitive and sophisticated, so the ability to optimise liquidity on an intraday basis to maximise returns can be a game changer.
RT2 is substantially expanding direct participation. A critical limitation of the previous RTGS was its technical ceiling on participant numbers. This proportional approach makes direct participation viable for a broader range of organisations. Expanded access fundamentally changes competitive dynamics.
This partnership aims to enhance stablecoin liquiditymanagement in cross-border payments. By utilising USDC, Thunes aims to reduce capital costs and improve liquidity for its network participants.
The platform integrates various components, including an Integration Platform for seamless connectivity, a Participant Portal for real-time transaction monitoring, and a Dispute Portal for efficient case resolution.
The PoC demonstrated the transformative potential of DLT-based systems in improving liquiditymanagement. For example, the observer node feature implemented during the PoC allowed Bank Indonesia to monitor transactions without compromising participants’ confidentiality. Each platform exhibited distinct strengths.
The platform integrates various components, including an Integration Platform for seamless connectivity, a Participant Portal for real-time transaction monitoring, and a Dispute Portal for efficient case resolution.
Blockchain-based liquidity solutions facilitate continuous, real-time currency liquiditymanagement and settlement, reducing delays. Additionally, expanding global payment networks are connecting local systems with international platforms, enabling wider participation and greater transparency.
Meeting both local and international regulatory standards, the platform integrates various components, including an Integration Platform for seamless connectivity, a Participant Portal for real-time transaction monitoring, and a Dispute Portal for efficient case resolution.
These rigidities could significantly affect firms cash flow and liquiditymanagement. 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.
Sales Training Participation: Take an active role in onboarding and training new sales staff. Attend Sales Meetings: Join regular sales meetings and encourage your team to participate. Trade Credit & LiquidityManagement is a reader-supported publication. It also facilitates relationship building from the start.
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. Together with members of Project Guardian, we look forward to advancing efforts towards more efficient global financial markets.”
The participating system integrators are equipped to implement BlueSnap’s payment solutions across numerous popular business platforms, including BigCommerce, Chargebee, Magento (Adobe Commerce), Microsoft Dynamics Business Central, NetSuite, QuickBooks, Sage Intacct, Shopware, WooCommerce, and Zuora.
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.
Stablecoin use cases are also emerging in treasury operations, and crypto-fiat liquiditymanagement. This stablecoin launch is the first of several initiatives under Clear Junction’s digital assets strategy, with more advanced products in development across tokenised settlement, custody, and blockchain-based liquiditymanagement.
While this is creating opportunities for banks – such as improving liquiditymanagement, meeting demand for embedded finance, and expanding into new sectors – it is also a major operational shift.
As the first tokenized RWA integrated into the MTN, Ondo’s Short-Term US Government Treasuries Fund (OUSG) will allow participating businesses to earn daily yield via tokenized assets with 24/7 subscriptions and redemptions, without the need for stablecoins onramps or settlement windows.
We support over 70 currencies and offer tailored solutions across B2B, B2C, and P2P use cases, enabling broader reach, improved liquiditymanagement, and the flexibility to adapt to diverse business models. Interoperability is a long-standing challenge for the world’s payment ecosystems, and with wallets, it’s no different.
Participation and Account Structure CIPS distinguishes between direct and indirect participants. Notably, foreign banks can become direct participants, opening dedicated accounts and obtaining unique CIPS codes. This infrastructure is not just technical—it is strategic, positioning China as a pivotal player in global finance.
This will require operational safeguards and possibly stricter liquiditymanagement 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.
” 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.”
Consider participation in Phase 2 of the Digital Pound Lab’s experiments into the digital pound, which prioritises use cases that demonstrate payment services that do not yet exist. Participate in ECB sandbox pilots to align infrastructure with required uptime and performance. Stress test resilience against 24/7 availability standards.
As a result, 84% of survey participants believe tariffs increase the risk of a global recession in 2025. Clearly, margins are being squeezed up and down supply chains. The survey found 49% of businesses are absorbing at least some tariff costs, while only 14% are passing all costs to customers. growth forecast for 2025 from 2.7% to 1.8%.
Even with visible participants, the two-way flow of communication is often more difficult to manage. Ask for a show of hands, use polls, ask questions, and encourage participation by complimenting someone who has commented. Virtual presentations, while convenient, pose their own set of challenges. Use the slides as prompts.
Nevertheless, the creditor’s counsel filed a memorandum of law on the legal issues and participated in a full-day trial conducted on the issue of the requested injunction. The Court Decides Upon first reading the decision, it appeared that the creditor might lose this battle. The court reserved its decision.
In this podcast, Bob Shultz, Trade Credit & LiquidityManagement’s Publisher, interviews Mark Ramseyer , the Program Director of UCLA Extension ’s Business and Finance programs. These courses are designed for working professionals looking to advance in credit, treasury, and finance functions.
DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquiditymanagement solution, in collaboration with Ant International. The solution is one of the industry applications tested under Project Guardian.
“The HKMA looks forward to collaborating with the SFC, other central banking institutions, academia, and all relevant industry participants to further drive innovation and progress in the Hong Kong tokenisation market.”
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.
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.
One thing is customer service, but the other is liquiditymanagement 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.
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.
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.
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.
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.
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.
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.
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.
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.
Into that void steps artificial intelligence (AI)-powered liquiditymanagement 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.
SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquiditymanagement and reconciliation and more. The PoC includes 34 banks, each with their own node in SWIFT’s DLT sandbox.
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 liquiditymanagement ever more challenging.
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 liquiditymanagement fee of $1 per transfer.
This is good for credit unions because CACU will handle the settlement and liquiditymanagement 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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