The conversation surrounding real-time payment systems is evolving quickly, and nowhere is this more evident than in the dynamic between RTP (Real-Time Payments) and FedNow, two significant players within American… read more →
An industry initiative launched by a consortium of leading US financial institutions has demonstrated the potential for an always-on, interoperable settlement network, promising to streamline multi-asset transactions. The Regulated Settlement… read more →
On Wednesday 5 December, the Qatar Central Bank published its new regulation for digital banks.
“The United States must lead when it comes to cross-border payments, to maximise the chances that any new systems with significant international usage reach the quality and standards we prefer,”… read more →
Technology platform Chainlink, Microsoft Brazil, the Brazilian digital bank Banco Inter, and IT services company 7COMm are developing it. The pilot programme aims to demonstrate cross-border agricultural commodity transactions using… read more →
Technical Committee 68 of the International Organisation for Standardisation (ISO) for financial services standardisation created a common standard, ISO 20022, around two decades ago. This development was transformational. It was… read more →
A report by the Trade and Supply Chain Finance Program (TSCFP) at the Asian Development Bank (ADB), in collaboration with Business and Finance Consulting (BFC), has laid out how declining CBRs jeopardise these countries’ ability to conduct international trade and receive vital remittances, potentially exacerbating their economic vulnerabilities.
The collaboration, announced at FCI’s 15th CEE & SEE Regional Conference on Factoring & Supply Chain Finance in Prague, aims to standardise fraud prevention measures in factoring and receivables finance.… read more →
In a panel session entitled ‘Fighting financial crime: Taking a collaborative approach,’ participants discussed how real-time payment systems are helping to tackle fraud.
Collaboration, common standards, and seamless connectivity are clearly needed for financial institutions around the world to embark on this new era of digitalisation. From interoperability to privacy concerns, the adoption… read more →
