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HSBC Bank has partnered Wells Fargo to update a distributed ledger technology solution for foreign exchange settlements to include CNH (offshore yuan).
DLT, product upgrade, partnership, blockchain
Southeast Asia leads the change in the world's digital economy, outpacing the US and China. Learn the reasons behind Southeast Asia's explosive digital economy growth in this piece by Stefan Kuhn.
ecommerce, digital payments, e-wallet, financial services, unbanked, cross-border payments, merchants, payments , BNPL, credit card
HSBC and Wells Fargo have completed the first interbank Payment vs Payment (PvP) settlement outside of CLS using Baton Systems’ Core-FX solution.
product launch, settlement, DLT, financial institutions
Cobalt, Baton Systems, FX , payments
Baton Systems, US, Faster Payments Council, FPC, payments , technology providers, banks
Bruce Parker, Modo, explains why gateways and switches fall short of working with “unhappy” payments and how merchants must change their tactics when going global
Modo Payments, Bruce Parker, payment gateway, payments switch, bank transfer, payment method, merchant, PayPal, MasterCard, Alipay, Klarna, Boleto, Brazil
IBM has partnered with US-based settlement, processing and data solutions provider CLS to work on a proof of concept for a DLT financial platform.
IBM, CLS, DLT, distributed ledger technology, blockchain, distributed ledger technology platform, financial services, know your customer processes, Sanctions Screening, collateral management, derivatives post-trade processing, market data