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

Fintech News

Ricky now serves as Managing Director for South Asia at TBCASoft, a global fintech driving next-generation cross-border NFC and QR person-to-merchant (P2M) payments using blockchain-based technology. Eli Shoshani Eli Shoshani is Head of APAC at Bottomline , a leader in global business payments with extensive expertise in the region.

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Payment Rail Innovators Dive Into Real-Time

PYMNTS

SWIFT has revealed plans to develop new real-time rails, while VSoft is wielding traditional bank rails to facilitate its real-time payments capabilities. It was a big week for payments messaging solution provider SWIFT , which announced that it will be revamping its real-time payments strategy.

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JPMorgan: Using Transaction Data To Help Merchants Optimize Cash Flow

PYMNTS

A very important lever is optimizing transaction message data elements, which involves understanding which elements of a payments message work best depending on the customer’s card issuer. He said only focusing on one lever like approval rates can end up leading to worse cost of payments or worse fraud.

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Smarter Payments Tracker Eyes Interoperability

PYMNTS

Payments messaging firm SWIFT has taken recent steps to promote interoperability of its payments network, recently announcing that it would allow blockchain platforms to loop into SWIFT’s global payments innovations (GPI) service to facilitate real-time transactions.

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Bulgarian Fibank Joins SWIFT gpi

PYMNTS

There are other advantages as well, with real-time traceability through the identifying technology in the payment message. About 660 banks are a part of SWIFT gpi, and daily worldwide payments number more than $300 billion. About 53 percent reach in an hour, and 96 percent reach the same day.

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Law Enforcement Cracks Down On Corporate Payments Fraud

PYMNTS

Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry , directly to corporates. SWIFT’s decision to open up the registry also reflects the growing threat of fraud in corporate payments.

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Why Payments Are Only A Piece Of SMBs’ Global Finance Puzzle

PYMNTS

Yet FinTechs aren’t the only ones anticipating the rising complexities of businesses’ FX needs. While these efforts are certainly positive developments, Conibear said that, once again, standardization and payment rail innovation is only one portion of the journey to improving the overall global B2B FinServ ecosystem.