Fintech News

JUNE 16, 2025

As the global demand for faster, more affordable, and increasingly transparent cross-border payments intensifies, Project Nexus is emerging as a foundational initiative to meet the G20’s ambitious roadmap. What is Project Nexus, and how does it address today’s cross-border payment challenges?

Cross-Border Payments 82

Cross-Border Payments Cross-Border APACS ISO 20022 82

Finextra

JUNE 27, 2025

The next major shift After November 2025, banks will need to prepare for yet another major shift: structured addresses. From this point on, Swift, and payment schemes, such as SEPA and CHAPS, will begin rejecting transactions with unstructured data. The benefits are far-reaching.

Addressing 90

Addressing ISO 20022 ISOs Payment APIs and Integration 90

PYMNTS

SEPTEMBER 1, 2020

Fewer correspondent banks to move that money. What might replace a clunky system in a world where payments are becoming ever more global? For instance, the number of active correspondent banks fell about 23 percent in advanced economies, but as much as 41 percent in developing nations.

Correspondent Bank 123

Correspondent Bank Correspondent Cross-Border Cross-Border Payments 123

PYMNTS

DECEMBER 15, 2020

Real-time rails continue to gain traction as solution providers debut new tools wielding existing instant payment infrastructure to enhance their offerings to business customers. Bank Of America Wields SWIFT gpi. According to the bank, it is the first in Canada to introduce faster payments for business customers.

Innovation 94

Innovation Cross-Border Payments Cross-Border Real Time Payments 94

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.

Addressing 122

Addressing Fraud Prevention Financial Inclusion Payments 122

Finovate

OCTOBER 21, 2024

Mastercard launched Move Commercial Payments , a real-time cross-border payments solution that operates 24/7. The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. Photo by Lea L on Unsplash

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa FedNow 59

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.

Cross-Border Payments 64

Cross-Border Payments Cross-Border Innovation Correspondent Bank 64