PYMNTS

APRIL 1, 2019

The jockeying for cross border-payments continues, and SWIFT and Ripple continue to dominate the headlines. Ripple has xRapid, its cross-border payments solution. These shortcomings make the cross-border payment industry ripe for disruption and innovation.

Cross-Border 61

Cross-Border Distributed Ledger Technology (DLT) Cross-Border Payments Transactions 61

Finextra

JUNE 28, 2025

From humble startup origins in 2011, Wise now moves over £145 billion internationally each year for 15+ million customers – at a fraction of the cost charged by banks. Over £22 trillion crosses borders each year, projected to reach £28 trillion by 2027 as globalization drives more migration, remote work, and global commerce.

Cross-Border 52

Cross-Border Multi-Currency Embedded Finance Authorization 52

PYMNTS

NOVEMBER 21, 2018

With FinTech driving innovation and competition in the cross-border payments space, governments can no longer afford to ignore changing and heightening demands for greater speed, transparency and efficiency in global transactions. times global GDP in 2016.

Authorization 49

Authorization Cross-Border Payments Correspondent Bank Cross-Border 49

Finextra

JUNE 30, 2025

By removing the need for correspondent banks and facilitating direct transfers, digital currencies can improve transfer times and enhance the efficiency of cross-border payments. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Digital Currency 52

Digital Currency Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement 52

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. October 2024: TD Bank$3 BillionAML TD Bank was fined $3 billion, including a $1.3

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

PYMNTS

APRIL 18, 2019

The bank is involved in the illegal activity because of former business relationships with two regional eastern European banks, one in Moldova and the other in Latvia. Only with this intelligence received is it now possible for Deutsche Bank to start global investigations,” according to the presentation.

Correspondent Bank 62

Correspondent Bank Financial Crimes Money Laundering Correspondent 62

Fintech News

JULY 4, 2024

During the Bank for International Settlements’ (BIS) Annual General Meeting at end-June 2024, the bank released its Annual Economic Report 2024 , which highlights the transformative impact of AI on the financial sector in general, and central banking in particular.

Central Bank 103

Central Bank AI Correspondent Bank Correspondent 103

Faster Payments Council

MARCH 15, 2023

Some are retail, some are wholesale, some are domestic, some are regional, and some are cross border. The panel will explore some of these initiatives including the New York Fed's CBDC pilot program with major banks, the recently concluded Boston Fed's Project Hamilton and other global CBDC projects.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

The Payments Association

MAY 16, 2025

Regulatory developments previously confined to financial institutions and payment service providers are now extending to the systems, practices, and commercial relationships of merchantsparticularly where digital payments, cross-border transactions, and customer data are concerned. to 1.15% for debit and from 0.3% for credit.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

PYMNTS

APRIL 11, 2016

One of the more loaded revelations from the report: Banks really only have to worry about disruption from blockchain technology in some aspects of the financial system, like trade finance, and less so in other aspects, like cross-border payments. We believe [blockchain] is a really powerful technology,” Horowitz added.

Cross-Border 40

Cross-Border Cross-Border Payments Blockchain Correspondent Bank 40

PYMNTS

AUGUST 2, 2019

In B2B, cross border payments are about much more than dollars and cents. In the best case scenario using the existing cross border infrastructure, said Oduwole — and it’s hardly ideal — is that an executive will go to a local bank and ask that their local currency be swapped for $100,000 USD, because they want to pay a supplier.

B2B 41

B2B Cross-Border Online and Mobile Banking Central Bank 41

Nanonets

SEPTEMBER 8, 2023

Debit transfers can also be returned if there are insufficient funds, or they can be disputed as non-authorized within 60 days after the transaction posting. A well-established network of correspondent banks facilitates cross-border and cross-currency transfers with typically only one or two intermediaries involved.

Wire Transfer 52

Wire Transfer Wire Wires ACH 52

PYMNTS

DECEMBER 14, 2018

When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration , particularly between banks and FinTech firms. “The modern-day client expects a seamless transaction experience,” he said.

Cross-Border Payments 77

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 77

PYMNTS

SEPTEMBER 14, 2018

In the latest salvo of cross-border probes over money laundering, The Wall Street Journal reported Friday (Sept. law enforcement agencies are examining Danske Bank over what has been termed “massive money laundering flows” from Russia and several former Soviet states. 14) that U.S. However, as a general rule, we do not comment.”

Money Laundering 66

Money Laundering Wire Transfer Law Enforcement Treasury 66

The Payments Association

MAY 19, 2025

Although the Financial Conduct Authority (FCA) has taken steps to register crypto firms under the Money Laundering Regulations (MLRs), this registration primarily targets anti-money laundering and counter-terrorist financing risks. statutory trust accounts, reconciliation, and external audits).

Compliance 88

Compliance Regulations Stablecoins Payments 88

Finextra

JUNE 30, 2025

This record high is driven by a wave of adoption from major global banks. With this market capitalization size and a growing presence in cross-border payments, corporate treasury operations, and emerging market finance, stablecoins are fast becoming a relevant tool in global finance.

Stablecoins 52

Stablecoins Finance Cross-Border Payment APIs and Integration 52

PYMNTS

DECEMBER 14, 2018

According to Bloomberg , Senator Elizabeth Warren and Senator Chris Van Hollen sent a letter to the committee chairman Senator Mike Crapo, asking for an investigation into the bank’s compliance history, “with a focus on its correspondent banking operations and vulnerabilities to money laundering.”.

Money Laundering 54

Money Laundering Correspondent Bank Cross-Border Correspondent 54