Remove Correspondent Bank Remove FinTech Remove Interoperability
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RT2: A strategic transformation for UK payment providers

The Payments Association

It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure. RT2 offers four key advancements: enhanced resilience, expanded access, wider interoperability, and improved functionality. Why is it important? What’s next?

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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. Since Nexus is built on this global standard, banks that have already adopted ISO 20022 are in a strong position to integrate smoothly.

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UBS Successfully Pilots Blockchain-based Payment Solution for Cross-Border Transactions

The Fintech Times

Xiaonan Zou , UBS head of digital assets, group treasury, adds: “We see the interoperability between UBS Digital Cash and other digital cash initiatives as key for the financial industry. The post UBS Successfully Pilots Blockchain-based Payment Solution for Cross-Border Transactions appeared first on The Fintech Times.

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Greater Flexibility: BVNK Wallet Offers Stablecoin, Crypto and Fiat Payments All in One Place

The Fintech Times

Some notable schemes users will have access to include: Swift ACH Fedwire SEPA FPS Solana Tron Polygon Ethereum BNB Smartchain Bitcoin Cardano Integrating the wallet Fintechs, crypto apps, PSPs , marketplaces and payroll platforms can embed the multicurrency wallet into their platform via API. Why stablecoins?

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Fedwire Migration: The Final ISO 20022 Milestone?

Finextra

The Fedwire migration now aligns the US with this global movement and enables full interoperability with international systems and standards. Rather than maintaining fragmented payments engines, banks should now aim to create a unified, scheme-agnostic payments processing platform.

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Key considerations for the adoption of digital currencies

Finextra

They will need to co-exist with existing clearing and settlement processes and infrastructures, and this means interoperability is crucial. 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.

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Unlocking the Future of Global Payments: A Deep Dive into China’s CIPS

Finextra

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. At the end of each cycle, accounts are reconciled and cleared, ensuring transparency and operational integrity.