Remove Addressing Remove Correspondent Remove SWIFT
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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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Bitso Business Surpasses $12 Billion in Transactions in 2024 and Unveils Study Revealing Stablecoins as the Leading Alternative for Cross-Border Payments

Fintech Finance

Despite this immense potential, cross-border payments in LAC remain hampered by inefficiencies in the traditional SWIFT-based correspondent banking system, marked by multiple intermediaries, settlement delays, and fees exceeding 6% for remittances for some corridors. trillion by 2030.

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Empowering Financial Institutions: An Interview with the CEO of Almond FinTech

Fintech Review

Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. What specific challenges in the cross-border payments industry does Almond FinTech aim to address, and how? Today, moving funds across borders is still incredibly inefficient.

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Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

Its expertise is built on experience supporting leading banks and integrating with major payment networks, including Swift and Visa, with Thunes expected to follow soon. What is Project Nexus, and how does it address today’s cross-border payment challenges? Nexus aims to address each of these areas directly.

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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

Fraud prevention features – Look for additional fraud prevention features like fraud detection, address verification, chargeback protection, and IP geolocation to enhance protection from fraud. Even if the data is intercepted, it doesnt offer any value and wouldnt be used to extract the original data.

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Stablecoins to streamline Cross Border Payments

Finextra

With stablecoin and the underlying competing technology the total cost can become significant less.

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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.