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ISO20022: The big shift to structured addresses

Finextra

The next major shift After November 2025, banks will need to prepare for yet another major shift: structured addresses. Starting November 2026, unstructured postal addresses will no longer be supported in CBPR+ messages. Banks need to adopt either a fully structured or hybrid address format to become compliant.

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Fuelling cross-border payments transformation through financial institutions, Ventura Capital leads growth round in Payall Payment Systems

The Payments Association

With this new capital, Payall will accelerate its connections with global payout partners, sales to originating institutions, correspondent banks, and regulators, as well as further distinguish its breakthrough counterparty risk management, multi-jurisdictional compliance automation, and AI deployment.

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Re-Examining The Role Of Correspondent Banking

PYMNTS

Fewer correspondent banks to move that money. The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and declined a significant 22 percent from 2011 to 2019.

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Partior Closes Series B at US$80 Million with Deutsche Bank Investment

Fintech News

The bank plans to act as a Euro and US dollar settlement bank on Partior’s platform, aligning with its dbX initiative—a correspondent banking ecosystem launched to optimize financial institution client services. Established in 2021 and backed by DBS Bank, J.P.

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Addressing the Silent Crisis of Failed Payments

Fintech News

To address this issue effectively, having a reliable source of truth for payment data is indispensable. ” For FIs, the consequences are equally daunting, as they face expenses associated with the correspondent banking network. This necessitates using technology and data solutions to identify and address payment issues promptly.”

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Bridging the gap: Reinventing global correspondence in emerging markets amidst the decline of traditional banking relationships

The Payments Association

Exploring innovative solutions to address the challenges and opportunities in global financial connectivity as traditional correspondent banking relationships diminish. Read more

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Fueling Cross-border Payments Transformation Through Financial Institutions, Ventura Capital Leads Growth Round in Payall Payment Systems

Fintech Finance

With this new capital, Payall will accelerate its global payout partner connections and sales to originating institutions, correspondent banks and regulators as well as further distinguish its breakthrough counterparty risk management, multi-jurisdictional compliance automation and AI deployment.