Kapronasia’s Post

Indeed Mahesh. Thank you Philip Panaino, David Rego, Anurodh Pandey, Isabelle Sumarli, Amit Divaker, Rituraj Mehrotra, Sriram S, Venkat R., Geraldine Kho, Grace Hung, Katja Wittich, Dirk Braun, Karin Flinspach, Jo Hafner, Susan Merchant, Akshay Kher, Bala K., Bala A, Bala KTM, Srini R., Srini T., Srini V., Kailash Sivanesan, John Emerson, Parag Monteiro, Mark Willis, Nervin Chetty, Michael Norden, Bhaskar Nandyal, Nagaraja Bhat, Anne Cruz, Anantha Raman CK, Sandeep Choudhry, Hyma Tiyyagura, Charlotte Gregory, Jawahar Babu, Prasanna Venkatesan, Chandran Veeraghavan, Praveen Kumar, Vinayak Patil, Amar Nevatia, Joanne Fraser, Jo Wong, Han Cheng Tan, Roselyn Queeley, Sridhar SV, Vishnu Prabhakaran, Joyce Zhang, Sin Jean Yee, Ankur Kanwar our wonderful clients who guided, encouraged and supported the work, trials, Siemens Heiko Nix, Peter Murer, Elke Esser, Gherri D'Innocenzo, iFAST Corporation Ltd. Agnes Chin, Wong Soon Shyan, NorLela and our partners who provided the backbone of the work, resilience in the face of long standing demands, Partior Prady Agrawal, Abhinav Goel, Anand Vinukonda, Petrina Chong, Stella Lim, Saxon Bartrop, Nick Lydon-Smith, and the literally 150 additional people at SCB working on this endeavor, all of whom produced impressive results in a time frame fit for nation building, the personification of unrelenting attitude of #neversettle, #bettertogether and #hereforgood. #blockchain, #technology, #DLT, #automation, #CashManagment, #TransactionBanking, #FutureofPayments, #FutureofFMI Please pardon my lapse and lack of room for not including more names.

We are very pleased to welcome Standard Chartered Corporate & Investment Banking as the first Euro settlement bank to go live on the Partior network, following the completion of Euro-denominated cross-border transactions between Hong Kong and Singapore! 👏👏 This landmark development, which also involved Siemens, marks a significant step forward in using distributed ledger technology to make cross-border settlements more efficient, transparent and secure, and showcases its potential in transforming financial services. 💡Learn how Standard Chartered is setting a standard for future advancements in financial services. Links to the press release + video below. #FutureofPayments #DLT #BankingInnovation #CrossBorderPayments #TreasuryManagement

Siemens has reached a significant milestone in cross-border transactions through its partnership with Standard Chartered Corporate & Investment Banking. Leveraging the groundbreaking Partior platform, we’re not just streamlining cross-bank payments but also covering our geographical footprint for such transactions. By harnessing innovative blockchain solutions, we remain at the forefront of global financial efficiency and connectivity. Standard Chartered's integration of Euro-denominated settlements between Hong Kong and Singapore highlights its technological advancement and paves the way for seamless, secure, and efficient global payment systems. #crossbordertransactions #blockchain #globalpayments

Shaping the future of finance, together with the banking community, creating competitive advantage for businesses

Tokenization of Finance breaking news! Citi introduces "Citi Token Services for Cash," enabling institutional clients to move money between branches globally 24/7 using a private blockchain. This service processes multimillion-dollar transactions, offering always-on cross-border liquidity and payments. Client Benefits: Notably, clients like Mars can now initiate instant payments and liquidity movements without managing tokens, effectively reducing friction and streamlining transactions. Additionally, Citi unveils "Citi Token Services for Trade," leveraging smart contracts to replace traditional transactions such as guarantees and letters of credit, facilitating 24/7 settlements for institutional clients. Embracing Technological Advancements: Through the strategic use of Distributed Ledger Technology (DLT) and smart contracts, Citi aims to reduce costs and streamline processes for institutional clients. Finextra #FinanceTokenization #guarantees #letterofcredits #TokenisationofFinance #digitalfinance #finance #blockchain #DLT #SmartContracts #technology #innovation #Tokenization #TradeFinance #CrossborderTransactions

Federal Deposit Insurance Corporation (FDIC) Vice Chairman has criticized the current US restrictions on banks dealing with digital assets and urged a more proactive approach to blockchain technology! He emphasized the need for more precise regulatory guidance within the cryptocurrency sector and called for SEC's regulatory clarity on the crypto domain to enhance innovation in the digital asset space. " Meanwhile, global standards are being established, directly or indirectly, and with many non-U.S. jurisdictions actively engaged in this area (ie tokenization) the United States risks ceding influence at this critical stage." Something I mentioned last year (see links in below comment with UK and EU crypto regulations). See here Remarks by Vice Chairman Travis Hill at the Mercatus Center on “Banking’s Next Chapter? Remarks on Tokenization and Other Issues” https://lnkd.in/exAbFrSv Jason Mikula Efi Pylarinou Marcel van Oost

Just shared my latest thoughts on the evolving dynamics of the money transfer industry in 2024. From tech advancements to regulatory changes, see how these shifts are reshaping the landscape. #Fintech #MoneyTransfer #Blockchain #FinancialInnovation #2024Trends #Remittances #MoneyTransferOperator #MoneyServicesBusiness https://lnkd.in/dMuqHbb7

Arf Case Study with Circle: Arf is transforming cross-border payments by leveraging #USDC to provide real-time, cost-effective liquidity solutions. Our vision is a financial landscape where transactions are seamless, transparent, and immediate. In just our first year, we've supplied over $1.4 billion in USDC-based liquidity, enabling our clients to grow without tying up their working capital. Join us as we drive the adoption of blockchain technology and stablecoins, transforming the future of global payments! 🚀 For more details, check out our case study: https://lnkd.in/gr5q8Ww6 #Blockchain #FinTech #USDC #GlobalPayments #Innovation

Singapore-headquartered blockchain payments network Partior has closed its Series B funding round at $80 million after roping in Deutsche Bank as an investor, according to an announcement on Wednesday.

Boerse Stuttgart Provides Crypto Infrastructure to DZ Bank - Fintech Schweiz Digital Finance News - FintechNewsCH https://buff.ly/3MU1Ctc Boerse Stuttgart is collaborating with DZ Bank to provide a robust crypto infrastructure, as reported by Fintech Schweiz Digital Finance News. This partnership aims to enhance the accessibility and efficiency of cryptocurrency services for customers. By leveraging Boerse Stuttgart's expertise in digital assets and DZ Bank's financial capabilities, clients can expect a seamless and secure crypto trading experience. This initiative reflects the growing importance of cryptocurrencies in the financial sector and the need for reliable infrastructure to support their widespread adoption. #CryptoInfrastructure #FintechNews