The Fintech Times

AUGUST 28, 2024

Through the project , HKMA explores financial market infrastructure that facilitates seamless interbank settlement of tokenised money through a wCBDC. Having completed building the sandbox, HKMA will use it to facilitate interbank settlement using experimental tokenised money, focusing on transactions involving these tokenised assets.

Interbank Settlement 134

Interbank Settlement CBDC Settlement Use Case 134

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

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.

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

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.

CBDC 113

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

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. DBS Treasury Tokens aim to address the needs of large corporations like Ant International, which operate across multiple markets.

Treasury 97

Treasury Blockchain Cross-Border Payments Multi-Currency 97

Fintech Finance

OCTOBER 15, 2024

RTGS.global , the next generation settlement company revolutionising cross-border payments, has today announced the launch of a unique solution for Payment Service Providers (PSPs) that will enable them to offer cheaper and faster international payments to their retail and corporate customers.

Cross-Border 98

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

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.

Instant Payments 119

Instant Payments RTP Visa TCH 119

The Fintech Times

DECEMBER 6, 2023

RTGS.global, a settlement company focused on enhancing cross-border payments, is celebrating a significant milestone with the successful completion of an inaugural instant settlement cross-border transaction via its global network.

Cross-Border Settlement 59

Cross-Border Settlement Cross-Border Settlement Cross-Border Payments 59

The Payments Association

MAY 7, 2025

The process of digitisng RWAs into tradable tokens can enhance liquidity, transparency and accessibility by enabling 24/7 transferability, near-instant settlement and automated compliance via smart contracts. This reduces reliance on intermediaries, accelerates transactions and broadens market access.

Settlement 88

Settlement Liquidity Management Treasury Blockchain 88

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.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Treasury Management Treasury 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.

Distributed Ledger Technology (DLT) 96

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

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

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.

Real Time Payments 78

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

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.

Cross-Border Payments 49

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

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.

FedNow 52

FedNow Federal Reserve Liquidity Management Instant Payments 52

Finovate

JULY 26, 2024

Valor Capital Group and Jump Trading Group also participated as new investors along with existing shareholders J.P. Founded in 2021, the Singapore-based company offers banks unified, ledger-based interbank rails for real-time clearing and settlement. Morgan, Standard Chartered, and Temasek.

AI 72

AI Cross-Border Payment APIs and Integration Multi-Currency 72

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.

Funding Agent 52

Funding Agent Credit Union RTP Real Time Payments 52

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. It’s not without its drawbacks, however.

Correspondent Bank 76

Correspondent Bank Correspondent Cross-Border B2B 76

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.

FedNow 59

FedNow Instant Payments RTP Federal Reserve 59

Segpay

JUNE 25, 2024

Transaction Settlement : The PSP or intermediary ensures that the funds are settled between the customer’s and merchant’s banks, typically through the banking system’s clearing and settlement processes. Faster Settlement : Pay by Bank transactions often offer real-time or near-real-time settlement.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

Trade Credit & Liquidity Management

APRIL 16, 2025

Their participation in debt recovery operations helps both sustain good customer relations and achieve long-term financial stability while credit and collections departments manage receivables. Salespeople can achieve more straightforward cordial debt settlements through their established customer relationships.

Disputes 52

Disputes Credit Risk Participant Process 52

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.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

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.

Process 52

Process Online and Mobile Banking Fraud Prevention Payments 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.

Blockchain 61

Blockchain Cross-Border Cross-Border Payments Liquidity Management 61

Faster Payments Council

MARCH 30, 2022

Financial institutions require 24/7 connectivity, real-time settlement and liquidity management, customer interfaces, and fraud mitigation tools to prepare their underlying systems for instant payments. These 30-min breakout sessions will run three times with a 10-min break between each.

FPC 88

FPC Faster Payments Cross-Border Financial Inclusion 88

The Payments Association

MAY 20, 2025

Early use cases will likely emerge in high-volume, cross-border ecommerce and digital marketplaces, where stablecoins can reduce friction and settlement time, particularly for underbanked customers or in volatile currency environments." Kamran Hedjri Group CEO, PXP Policy context: Whats changed? There is also scope for strategic partnerships.

Stablecoins 88

Stablecoins Cross-Border Issuers Regulations 88

The Payments Association

APRIL 14, 2025

Institutions that are not fully prepared risk being locked out of clearing and settlement infrastructure, impacting both operational resilience and client service delivery. Active participation in the consultation process will be key to anticipating the impact and shaping future compliance strategies.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

The Payments Association

MARCH 18, 2025

Limited access to banking services has, in turn, constrained these firms’ ability to operate efficiently within the broader financial system, including in areas such as payments, settlements, and liquidity management. How are banks likely to respond? Some of the largest U.S. What are the risks and challenges?

Federal Reserve 88

Federal Reserve Stablecoins Fed Settlement 88