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OCBC Becomes First Singapore Bank to Use Blockchain for Intraday Lending

Fintech News

OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. This approach aims to maximise returns on excess liquidity through reverse repurchase agreements (reverse repos) conducted on J.P. With growing interest in this technology for optimising liquidity, J.P.

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Standard Chartered, Ant Complete First Blockchain-Based SGD Settlement

Fintech News

By integrating with the Whale platform, Standard Chartered facilitated the seamless transfer of SGD liquidity within Ant International’s group of entities. This solution leverages blockchain technology, including advanced encryption and AI, to enhance the efficiency and transparency of fund movements for improved global liquidity management.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. The PoC demonstrated the transformative potential of DLT-based systems in improving liquidity management.

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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

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.

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Planixis re-engineers treasury technology platform

Finextra

Planixs, the global leader in real-time treasury, liquidity management, and insight solutions, today announces the general availability of Realiti RT, its next-generation platform and the most powerful and transformational technology release to date.

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Ant International Deepens Payment and Digitalisation Ecosystem with AI-Driven Embedded Finance Solutions in Year of Transformation

Fintech Finance

With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digital payment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance. connecting over 90 million merchants in 66 markets to 1.6

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RT2: A strategic transformation for UK payment providers

The Payments Association

While the previous RTGS system served the UK market effectively for many years, it had become increasingly constrained by fast-moving developments in payment technology, shifting user expectations, and emerging cyber threats. Liquidity Saving and Efficiency Gains Advanced algorithms optimise liquidity management and settlement processes.