Correspondent Bank Global Payments Instant Payments 
Fintech News
JUNE 16, 2025
Initially developed by the BIS Innovation Hub, Project Nexus aims to link domestic instant payment systems (IPS) through a single multilateral gateway, replacing the current patchwork of costly and complex bilateral connections. What is Project Nexus, and how does it address today’s cross-border payment challenges?
Finextra
JULY 30, 2025
Historically, banks have developed siloed solutions for instant payments, RTGS, and cross-border payments. Now, with all major schemes having transitioned to ISO 20022 and supporting rich, structured data that enhances Straight-Through Processing (STP), banks must rethink their architecture.
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Finextra
JULY 16, 2025
0 16 July 2025 Be the first to comment John Bertrand MD Tec 8 Limited Location London Followers 9 Opinions 66 Follow Unfollow Overview People like real time (RTP: instant) payments. Economies where instant payments are used grow a minimum of 1 to 3% per annum. To cover modern payments needs this has not helped.
Fintech News
JUNE 4, 2024
Currently, FX services provided by correspondent banks are often costly, slow, and complex, posing liquidity, credit, and settlement risks to participants. Decentralised solutions, CBDC, and interconnected payment infrastructures offer promising paths to improve cross-border payments.
Fintech News
DECEMBER 10, 2023
Whether you’re a small company or a large bank, the challenge remains: ensuring that every payment instruction contains the correct data in the right format.” ” For FIs, the consequences are equally daunting, as they face expenses associated with the correspondent banking network.
PYMNTS
JULY 26, 2019
Increasingly, the financial services industry is targeting sluggishness in corporates’ cross-border payments, too, through technologies like blockchain and the development of faster payment rails around the globe. Some solution providers like Ripple are introducing new ways to bypass the correspondent banking system entirely.
Fintech Finance
JUNE 6, 2024
BS2 will use Nium’s Global FX product to lower FX costs and provide more real-time payouts between Brazil and popular trading corridors with China and the UAE. ” Nium’s banking network is comprised of global banks, national banks, and payment service providers, to provide a versatile and robust payment product suite. .
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