Remove 2018 Remove Blockchain Remove Correspondent Bank
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Re-Examining The Role Of Correspondent Banking

PYMNTS

Fewer correspondent banks to move that money. For instance, the number of active correspondent banks fell about 23 percent in advanced economies, but as much as 41 percent in developing nations. And earlier this year, Harbour & Hills CEO Rahul Tripathi took note of the vagaries of correspondent banking. “I

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Beyond Correspondent Banking – Time For Cryptos And Blockchain?

PYMNTS

In some cases, blockchain is being deployed, sometimes with cryptocurrencies as part of the equation. In an interview with PYMNTS, Sonny Singh, chief commercial officer at BitPay , said that in terms of the broader landscape, commerce has become ever more global, and the standard system tied to correspondent banking is anything but efficient.

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Investment To Blockchain Startups Slips In 2019

CB Insights

Blockchain companies have lost a step in the private markets. GET the 47-page blockchain TRENDS report. Download the free report to learn about the biggest emerging trends in blockchain and strategies to watch for 2019. Still, investor activity shows there are pockets of potential in the blockchain sector worth tracking.

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Cross-Border Payment Efforts Look To The Blockchain And Beyond

PYMNTS

It may seem that cross-border payments were in the … well … crosshairs this past week, with a number of country-by-country and company-by-company initiatives using blockchain and other methods to speed payments and lower fees. That comes as SWIFT is working with R3’s blockchain platform, Corda. A Larger Stage.

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Ripple XRP To Power X-Border B2B Payments For MoneyGram

PYMNTS

No doubt by now most payments watchers are familiar with Libra , the Facebook plan to bring a new global cryptocurrency to market that seemingly seeks to do nothing less than upend global banking. The strategic move also has a financial component, as Ripple took a $50 million stake in the money transfer company. The Roadmap. “I

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 World Bank Sees DLT Potential For Cross-Border Transactions

PYMNTS

The average global remittance (overall) cost stood at 7 percent as of Q4 2018 — 4 percent higher than the 3 percent target set in the Sustainable Development Goals for 2030. As a result, DLT can lower costs, and boost transparency, in part by eliminating the need for a correspondent banking relationship.

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In Global B2B Payments, Both Banks And FinTechs Face Regulatory Headwinds

PYMNTS

“The majority of banks simply don’t have the necessary regulatory licenses to operate outside their native countries, which creates a dependency on the intermediary bank system to complete international transfers.”. Beyond U.S.

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