China has overtaken the UK in digital payment volumes, helping to spur global growth to more than 10%, according to research from Capgemini and BNP Paribas.
At YBS hosted event, local fintech stakeholders grapple with challenge of acting quickly but strategically.
Barclays Bank and accelerator graduate Wave have executed a live Letter of Credit transaction between Ornua - the Irish Dairy Board - and Sychelles Trading Company on a distributed ledger based system.
A consortium of 15 Japanese banks are to work with blockchain joint venture SBI Ripple Asia, to build a new payments platform promising round-the-clock real-time settlement for cross-border and domestic funds transfers.
Swift is to push the gospel of global interoperability for the ISO 20022 messaging standard to the very top of the payments food chain with the formation of a High Value Payment taskforce comprised of global banks and major market infrastructure providers.
United Overseas Bank is training more than 100 commercial bankers on alternative financing as it deepens support for startups through its recent $10 million investment in equity crowdfunding platform OurCrowd.
Blockchain technology will fundamentally alter the way financial institutions do business, according to a report from the World Economic Forum.
Bank of America Merrill Lynch, HSBC and the Infocomm Development Authority of Singapore have claimed success in demonstrating the application of distributed ledgers to replace paper-based Letters of Credit in trade finance transactions.
Innotribe, the innovation arm of Swift, is expanding its capacity at the messaging co-operative's annual Sibos jamboree by 50%, but don't expect any chat about distributed ledger technologies, which has now been swallowed up by the mainstream event.
Visa, MasterCard, WorldPay and others in the payments sector can relax: Bitcoin will remain a niche player and blockchain technology poses little risk, according to a new report from Credit Suisse, which has less comforting news for Swift.
MasterCard and PayPal have engaged in a "constructive dialogue" about a possible strategic alliance, according to a report in the Financial Times.
© Finextra Research 2016