Remove Cash Management Remove Payment Initiation Remove SWIFT
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CBDC in Corporate Payments and Transaction Banking

Finextra

Past Trends Paper to Digital Ledgers: Cash and checks dominated corporate payables/receivables for decades. Large corporates built bespoke treasury systems to manage multi-bank transfers, FX conversion and reconciliation. "if invoice approved and ESG score > 80 then release payment").

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Swift Standardises Payments End-to-End and Gives Banks Ready-to-Use Tracking Services to Enhance Corporate Experience

Fintech Finance

Swift has today set out plans to help financial institutions streamline the cross-border payments experience for their corporate customers, by extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labelled tracking services that can be activated for customers at the click of a button.

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Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

PYMNTS

That probably won’t come as a surprise to many in the B2B payments space, considering that organizations typically try to float their capital for as long as possible, a cash management tactic that can lead to longer payment terms with small suppliers, and the prevalence of late payments. In the U.K.,

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Why The Future Of Corporate Banking Is All About Connectivity

PYMNTS

But innovations in B2B payments and other corporate workflows like liquidity and cash management among the FinTech community have opened the door for a new era of corporate banking – one in which organizations are no longer willing to settle.

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Time For B2B Payments To Get Standardized, Says Nordea

PYMNTS

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.

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A Security Lapse Is Just A Bump In The Road To Faster, Better B2B Payments

PYMNTS

The interbank messaging firm SWIFT has had a rough few months. Cyberattackers were able to steal $81 million from the Bangladesh central bank by compromising the SWIFT messaging system , forcing the company — and financial services players everywhere — to take a renewed look at payments security measures. What Else Do You Need?

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Inside HSBC’s PSD2-Ready API Portal

PYMNTS

Others are working toward tougher security, with Payments NZ , the organization governing New Zealand’s core payment system, releasing new API standards for account data and payment initiations. Meanwhile, slow and inconvenient payment processes are a headache for both buyers and sellers. About the Tracker.

API