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Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments

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As Scaffidi recently told Karen Webster, uncovering the B2B value of real-time payments is about understanding the broader culture shift that instant payments technology has introduced to the financial services landscape. Uncovering The B2B Use Cases. If you think about a market like the U.K.,

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Bank Of England Plans Panel To Standardize Payments Messaging

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continues its move to adopt the ISO 20022 payments messaging standard, the Bank of England is reportedly planning to create a panel aimed at streamlining the adoption of the standard for more efficient payments in the country. As the U.K. This is the latest initiative by the U.K. Earlier this year, the U.K.

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B2B FinTechs Overcome Pandemic VC Slump

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Nevertheless, this week’s B2B venture capital roundup found some healthy investment for startups in both Europe and the U.S., In Germany, Candis, a B2B platform to automate accounting and payments for businesses, announced a $15.8 with total funding nearly reaching $391.25 million this week.

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The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

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Further, one of the largest benefits to corporates of faster and real-time payments services is less about the speed and more about the data these networks are able to carry along with a transaction. ISO 20022’s path to ubiquity could serve as a model for faster payments technologies’ own adoption journeys.

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Russia’s Sberbank Develops Instant B2B Payments Service

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Sberbank , Russia’s largest bank, is collaborating on a faster B2B payments solution with the financial services unit of Russian search engine Yandex. Corporate clients of Sberbank using the Yandex.Checkout solution will have access to the instant payment service, reports said.

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Doubt, Confusion, Confidence: Where Crypto Stands In B2B Payments

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However, participation from the traditional financial services sector isn’t necessarily a requirement when it comes to crypto adoption, even in the B2B payments market, according to BitRail Co-founder and Vice Chairman Cameron Chell. BitRail doesn’t yet operate in the B2B payments space.

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Time For B2B Payments To Get Standardized, Says Nordea

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For a few years the corporate banking space has been discussing the potential for ISO 20022 to streamline payments, with industry forces like SWIFT and SEPA promoting its adoption. But, according to Nordea, obstacles remain for ISO 20022 to take off as a payments messaging standard and provide corporates the efficiency they need.