Angeline Ong’s Post

This article, written by Quant, is a great reminder that now is the time to exploit innovation opportunities in payments. As the financial landscape continues to evolve, programmable payment capabilities are emerging as a game-changer. With the potential to revolutionize transaction processes, now is the perfect time for banks and financial services to seize innovation opportunities. Gilbert Verdian says, “By embedding logic into money, banks can automate processes, make money intelligent and create space for new types of use cases.” “Time is running out, there is a risk that banks may lose customers to new entrants if they don’t innovate now." We couldn't agree more 👍 #paymentsinnovation #programmability #opportunities #makeithappen

Members of the Euro Banking Association gathered last month in Lisbon for their annual conference. Alongside our presence at the event, our Founder and CEO, Gilbert Verdian, joined a panel of experts in a session on day one: ‘The challenges and benefits of CBDCs, tokenised deposits and stablecoin adoption’, to discuss the benefits and risks of programmability and how likely the risk of market fragmentation is if banks were to chase after the same use cases. Discover the highlights from the session in our latest article: https://lnkd.in/e_8zv7cG #EBAday #CBDCs #digitalmoney

Banks are exploring ways to revolutionize cross-border payments and securities settlement with tokenization. The current monetary system involves isolated databases and third-party messaging systems, which can cause friction and delay. Enter Project Agorá, a collaboration between the New York Fed, Bank of England, Bank of France, Bank of Japan, Bank of Korea, Bank of Mexico, and the Swiss National Bank. The vision is a unified ledger system that eliminates inefficiencies such as differing time zones, operating hours, and legal and regulatory requirements. The benefits include reduced settlement times, lower operational risks, and minimized costs associated with traditional securities transactions. Link to press release here: https://lnkd.in/egSZHXYV #Fintech #Tokenization #CrossBorderPayments #NewYorkFed

International WEB3 and Digital Asset-centric companies struggle to access reliable onshore USD and multi-currency transactional banking. ❌ High fees, ultra-long onboarding times, outdated compliance frameworks, opaque pricing structures, de-banking and outsized deposit requirements make crossing the foundational bridge between fiat and digital currencies harder for businesses and institutions globally. ✅ This is a challenge that Delos is committed to solving. Scroll through our "Banking for Digital Assets" product guide below to find out how ⬇ #bankingfordigitalassets #banking #digitalassets #IBAN

With the increasing interest in tokenized deposits, one of the missing links is interbank settlement. That’s because when a deposit token is transferred from a customer of one bank to a customer at another, the money the token represents still needs to move between the banks.  #blockchainnews #tokenization #digitalassets

Banks To Join SWIFT Digital Asset Trials In 2025 Banks in North America, Europe and Asia are preparing to participate in trials involving digital assets by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). SWIFT announced on Oct. 3 that it will begin digital asset trials on its network in 2025. The trials will involve experiments with transactions that include multiple digital currencies and assets. The trials aim to explore how the banking network can provide financial institutions with unified access to “multiple digital asset classes and currencies.” “Initial use cases will focus on payments, foreign exchange, securities and trade to enable multi-ledger delivery-versus-payment and payment-versus-payment transactions,” the announcement said. #banking #swift #newera #digitalassets #tradfi #payment #fx source : cointelegraph

Last month, the Quant team attended the Euro Banking Association (EBA)’s annual summit for leading payments and transaction banking executives. Our Founder and CEO, Gilbert Verdian attended a session to explain how Europe’s commercial banks and payment firms can harness the power of CBDCs, tokenised commercial bank money and programmable payments. Read a full summary of the session here: https://lnkd.in/e_8zv7cG #digitalmoney #EBAday #TheFoundationOfDigitalFinance #payments

The Hong Kong Monetary Authority reviewed virtual banks, which launched in 2020. By the end of 2023, these banks had gained 2.2 million depositors. Despite initial COVID-19 challenges, they saw business growth and reduced net losses. A proposal to rename them "Digital Banks" is under public consultation. #Virtualbanks, #Digitalbanking, #HKMA, #Financialperformance, #COVID19impact, #HongKongMonetaryAuthority, #Fx, #Fintech

Global Payments Demystified: Exploring the Intricacies of Cross-Border Transactions In our increasingly interconnected economy, cross-border payments play a crucial role in facilitating international trade and personal financial exchanges. Have you ever considered the complexities behind these transactions? Understanding the Fundamentals When two banks maintain a direct relationship across borders, transferring funds is relatively simple. Bank A issues a "payment message" to Bank B, which then processes the transaction accordingly. The Influence of Correspondent Banks In instances where Bank A lacks a direct relationship with another bank, it collaborates with a correspondent bank that has established links with both institutions. This may lead to the involvement of several correspondent banks, forming a chain of intermediaries that historically contributed to delays in cross-border transactions. Innovations Amidst Complexity Recent advancements in communication technology and network expansion have expedited transaction processes. Nonetheless, the intricacies of multiple payment systems arise due to the management of different currencies, regulatory stipulations, and security measures. Each payment method must effectively handle transactions while adhering to both local and global regulations. Evolution of Systems Payment systems require periodic upgrades to adapt to technological advancements, bolster security, and enhance user experience. The emergence of real-time payment systems and blockchain innovations has prompted substantial updates to existing infrastructures, compelling banks to invest continually in the modernization of their payment solutions to remain competitive and satisfy changing customer demands. Looking Ahead As technology progresses, we can anticipate increasingly efficient and secure cross-border payment mechanisms. The ultimate aim is to facilitate smoother global transactions for all parties involved. Share this post to enlighten others about the complexities of global payments! #GlobalPayments #CrossBorderPayments #FinTech #Banking #Blockchain #RealTimePayments #FinancialTechnology #BankingInnovation #PaymentSystems #FinastraPayments Source: JP Morgan https://okt.to/uj38rg

🌍 Looking to boost your FX business in Southeast Asia and the Middle East? The rise of alternative payment options like mobile wallets and local bank transfers is changing the game for FX merchants. At QubePay, we offer tailored payment solutions that help you improve conversion rates, reduce risks, and provide a seamless trading experience for your customers. 💳 In our latest blog post, we explore how QubePay can help FX merchants thrive in these fast-growing regions by supporting multi-currency transactions, enhancing security, and ensuring regulatory compliance. https://buff.ly/3XoDcfW #FXPayments #AlternativePayments #SoutheastAsia #MiddleEast #QubePay #Fintech #MultiCurrency #BankingSolutions #MobileWallets #SecurePayments #ConversionRates #FraudPrevention #FXMerchants #FintechInnovation