Fintech Finance

MARCH 10, 2025

Known for its fiat and crypto correspondent account services for financial institutions, Clear Junction’s continued presence in the FT 1000 is a testament to the trust it has built across the banking, fintech, payments, and digital asset ecosystems. since 2020. Further growth is forecasted for 2025.

Cross-Border Payments

The Fintech Times

DECEMBER 1, 2024

Following its collaboration with Dandelion, HSBC now offers fee-free transfers to over 100 destinations in more than 60 currencies, providing a seamless, real-time payment experience that bypasses the traditional correspondent banking model.

Cross-Border Payments

Fintech Review

NOVEMBER 20, 2024

What’s more, financial barriers continue to impact quality of life for people globally. Once a transfer request is received, the SOE identifies the best route and shares the corresponding rate with the institution and consumer. Today’s cross-border payment solutions also lack transparency.

Cross-Border Payments

Fintech Finance

NOVEMBER 4, 2024

Wise has spent the last 14 years building an alternative to traditional correspondent banking. Wise has continued to invest in building direct connections to payment systems starting with the UK in 2018 where Wise was the first non-bank to connect to the Faster Payment System (FPS).

Instant Payments

Fintech Finance

MARCH 24, 2025

.” Transactions on RTGS.global’s network are conducted Payment vs, Payment (PvP), therefore no deduction fees are taken at the point of transaction, nor is there a requirement to pre-fund either bank account as with correspondent banking services. “This is a game-changer for the market,” continued Treacher.

Cross-Border

Fintech Finance

MARCH 6, 2025

Known for its fiat and crypto correspondent account services for financial institutions, Clear Junctions continued presence in the FT 1000 is a testament to the trust it has built across the banking, fintech, payments, and digital asset ecosystems. since 2020. Further growth is forecasted for 2025.

Cross-Border Payments

The Payments Association

NOVEMBER 11, 2024

Security Concerns: Concerns about data security and privacy continue to weigh heavily on consumers and banks alike. The sharing of data, without a direct corresponding increase in revenue streams, has made it a largely unprofitable venture for many financial institutions.

Payment APIs and Integration

Fintech Finance

MARCH 18, 2025

With StoneX Payments broad foreign exchange capabilities and correspondent network and Bamboos extensive payment connections and platform, clients should see benefits in terms of FX pricing, more reliable settlement, improved acceptance rates, and greater cash flow efficiency.

Cross-Border Payments

Payments Dive

JULY 25, 2025

Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. Nothing’s going to just walk in and say, ‘I’m going to replace the trust for the Swift correspondent banking network.’ You can unsubscribe at anytime.

B2B

The Fintech Times

JULY 29, 2025

The launch comes as stablecoins emerge as key tools in global finance, offering real-time settlement, reduced costs, and increased accessibility for cross-border payments, especially in hard-to-reach markets that still face challenges with correspondent bank networks and financial inclusion.

Stablecoins

Finextra

JULY 16, 2025

19 th Century Limitations UK’s 19 th Century correspondent banking international payments practise involves four banks. Instant cross border payments are welcome as internet continues open global opportunities. To cover modern payments needs this has not helped. Global payments between 2018 and 2023 grew rapidly.

Cross-Border Payments

Nanonets

MAY 23, 2025

2,106 invoice vs $3,138 PO) Line item quantities differ from ordered quantities Shipping quantities don't match ordered quantities Prices have changed from the original PO For example, when processing an invoice, the system automatically pulls the corresponding PO from QuickBooks and compares each line item.

Automation

Finextra

JUNE 23, 2025

With JPMD, each token corresponds to one U.S. Instead of relying on batch processing through central clearing houses (which shut down on weekends and holidays), we get continuous, nearly instant clearing of funds on distributed ledgers. In other words, it’s JP Morgan’s own stablecoin, just with a regulatory-friendly twist.

Embedded Finance

Finovate

JULY 28, 2025

Financial services continues to evolve rapidly, and this year’s keynote lineup reflects that urgency. This year’s conference returns to the Marriott Marquis in Times Square, New York, from September 8 through 12 ( register early to save! ). Drawing on six years covering Presidents George W.

FedNow

M2P Fintech

MARCH 24, 2025

For instance, the increase in use of digital and automated processes is likely to continue. As blockchain transforms the BFSI sector, blockchain-based lending is expected to experience corresponding growth, driven by its potential to disrupt traditional lending models.

Payment APIs and Integration

Finextra

JULY 8, 2025

The system operates on a “5×24 hours + 4 hours” schedule, ensuring near-continuous availability for global transactions. Modernizing Cross-Border Settlement Before CIPS, RMB cross-border payments relied on clearing banks, correspondent banking, and Non-Resident Account (NRA) models—often resulting in delays and inefficiencies.

Global Payments

Finextra

JUNE 15, 2025

Banks went international with Telex, wire transfers and Correspondent Banking (four banks involved making international transactions). For example, EU has DORA (Digital Operational Resilience Act) which requires a 4 hour for reporting a major incident but no later than 24 hours. Its a timing issue.

Technology

Fintech Weekly

JULY 29, 2025

Traditional payment rails rely on batch processing, time-bound cutoffs, and a web of correspondent banks to move funds across borders. First and foremost, institutional players are focused on regulatory clarity at the federal level, where progress continues to be made.

Stablecoins

Finextra

AUGUST 4, 2025

Regulators worldwide keep a very close watch on remittance flows, and banks that provide correspondent banking to remittance companies often impose strict requirements. The bank must continuously monitor that the fintech is enforcing KYC/AML properly on all the customers it’s onboarding, as if the bank were doing it itself.

AML

Nanonets

FEBRUARY 14, 2025

This continuous feedback loop helps maintain high accuracy rates across all vendors. Continuous improvement We work with the service provider to maintain and improve processing quality. Their team identifies areas for improvement and provides feedback, while we continuously enhance the AI model's accuracy.

Volume

Neopay

JULY 30, 2025

Regulated entities will continue to be required to apply EDD based on geographic risk factors, as per Regulation 33(6)(c). Broader requirements around assessing geographic risk will remain, including provisions which state that regulated firms must consider both FATF lists when carrying out customer risk assessments.

Money Laundering

Finextra

JUNE 6, 2025

This was compounded by many installations continued to run past software releases instead of updating to the current release. Here cloud-based components gradually assume specific functions while the corresponding legacy system features are deactivated. This faces regulatory resistance and internal operational risk.

Technology

Nanonets

JULY 22, 2025

They don’t inherently know which parts of a document are important or correspond to which field labels (unless trained or prompted in a very specific way). Crucially, these models continually learn and improve through processing more examples, significantly reducing the need for ongoing human intervention.

Automation

Trade Credit & Liquidity Management

JUNE 16, 2025

To continue reading and learn how to make your collection emails more effective and accelerate cash flow, you must be a paid subscriber. Let them know when a response is needed, particularly if continued shipments are at stake. Attach previous correspondence and documentation. Set a Timeframe for a Response.

Lockbox

Nanonets

OCTOBER 27, 2024

” The number 1524 corresponds to the word BYTE. “Continue the story after the words "The trees, the mountains and the rivers cried."”  Find the word for 1524? ❌ Its performance can vary depending on the context in which the questions are presented.

Laws

Finextra

JULY 9, 2025

As Egypt’s first Islamic commercial bank and a leader in Islamic banking, FIBE continues to pioneer innovation in Shariah-compliant banking services across both retail and corporate sectors. The deployment of eMACH.ai The deployment of eMACH.ai

Payment APIs and Integration

PYMNTS

SEPTEMBER 1, 2020

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.

Correspondent Bank

PYMNTS

NOVEMBER 16, 2018

Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. Even with efforts to stem the decline in correspondent banking, The Financial Stability Board (FSB) noted on Friday (Nov. Correspondent banking decreased by 4.1

Correspondent Bank

The Payments Association

MAY 9, 2025

As financial crime evolves, correspondent banks must prioritise wire transfer transparency to meet global regulations and safeguard the financial system. Correspondent banking is vital in facilitating global trade, enabling cross-border remittances, and connecting emerging markets to the international financial system.

Correspondent Bank

PYMNTS

APRIL 15, 2020

While China continues to slowly open up its financial services market to foreign participants to drive competition in areas like mobile payments and banking, when it comes to B2B payments, the market remains dominated by Chinese traditional banks. It’s not without its drawbacks, however. “We can clear it locally.”

Correspondent Bank

Fintech News

JULY 14, 2024

Morgan, Standard Chartered, and Temasek continue to support the company, alongside founding shareholders DBS, J.P. According to a report by the Bank for International Settlements (BIS), existing correspondent banking processes have struggled to adapt to new regulatory and supervisory requirements. Existing shareholders J.P.

Cross-Border

Fintech Finance

OCTOBER 21, 2024

Rising Demand for Correspondent Services Wise Platform’s Correspondent Services, launched at Sibos last year in collaboration with Swift , allows partners to send and receive international payments instantly. This reflects the increasing trust financial institutions have in Wise’s growing service offerings.

Cross-Border

PYMNTS

AUGUST 1, 2019

A press release issued Wednesday (July 31) said ISO 20022 has the potential to promote efficiency in the correspondent banking community and modernize cross-border transactions. “Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its announcement.

ISO 20022

PYMNTS

FEBRUARY 14, 2020

The telephone number of the service provider must have Mexico’s country code and the IP address must correspond to the country. The person must be a resident of Mexico , and payment must be made through an intermediary. The providers will have to register for VAT in Mexico and get a tax identification number.

Correspondent

PYMNTS

OCTOBER 16, 2020

The traditional correspondent banking network is one major speedbump that stops financial institutions (FIs) from providing speedy, inexpensive, cross-currency and cross-border transfers, Lembo explained, but financial services providers can adopt new technology and approaches to safely streamline these transactions.

Cross-Border Payments

PYMNTS

DECEMBER 30, 2020

"Employers can take comfort in knowing that Payactiv continues to be the leader in responsible EWA for employees.". Payactiv recovers corresponding EWA amounts via employer-facilitated payroll deductions” and doesn't “seek repayment from an employee directly or through a payment authorization from the employee’s account,” the order stated.

CFPB

CB Insights

DECEMBER 6, 2016

As internet-connected hardware proliferates, there’s been a corresponding rise in cyber security threats, with malicious hackers using these new digital entry points to infiltrate and disrupt systems. In turn, startups focused on securing the Internet of Things (IoT) and the … Continued.

Correspondent