Remove Correspondent Bank Remove Global Payments Remove Interoperability
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Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

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. Payments will be routed through Nexus, allowing for real-time processing—often in under 60 seconds.

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

The Fintech Times

Simon Griffin, chief product officer at BVNK Simon Griffin , chief product officer at BVNK, said: Stablecoins are redefining how we transfer value around the world, enabling 24/7/365, accelerated global payments. Why stablecoins? Why stablecoins?

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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.

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Smarter Payments Tracker Eyes Interoperability

PYMNTS

In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. International payments often contain unstructured and ambiguous transaction data, causing unnecessary delays and failed processing.

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Addressing the Silent Crisis of Failed Payments

Fintech News

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.

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Conduit Raises $36 Million Series A to Scale Use of Stablecoins for Cross-Border Payments

Fintech Finance

The platform bridges crypto-native infrastructure with traditional finance, offering nearly instant, programmable global transactions with integrated AML, sanctions screening, and transaction monitoring. “Traditional cross-border payment systems do not meet the demands of modern businesses. .”

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Global Cross-Border Payments Expected To Grow, But Challenges Remain

PYMNTS

The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. That resistance doesn’t reflect the needs of smaller, regional banks. and Australia’s NPP. innovations.