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Thunes Launches New Global Business Payments Service

Fintech News

USD payouts are trackable, and a single integration with Thunes’ platform eliminates the need for businesses to build separate correspondent banking networks. The solution is supported by Thunes’ SmartX Treasury System, which provides real-time visibility into fund locations and enhances liquidity management.

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How China Fuels Alternatives To Correspondent Banking

PYMNTS

For foreign payment service providers looking to facilitate cross-border B2B payments into China, the correspondent banking model often remains the only route to facilitate clearing and settlement. “Getting correspondent bank accounts is the biggest challenge every payment service provider is facing.

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RTGS.global and TransferMate Announce Strategic Partnership to Streamline Cross-Border B2B Payments

Fintech Finance

By integrating with RTGS.global’s instant settlement infrastructure, TransferMate will deliver seamless, real-time international payments for RTGS.global’s business customers, reducing reliance on traditional banking intermediaries and eliminating the risk associated with moving money cross-border.

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RT2: A strategic transformation for UK payment providers

The Payments Association

This is more than 'coding to the spec'; different and new software is required by originating institutions, correspondent banks, intermediate banks, and even regulators or central banks to realise the advantages." This supports richer data, improved compliance, and more efficient cross-border transactions.

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Temasek-backed Partior Ledger Expands Following US$60M+ Series B Investment

Fintech News

Traditional cross-border payments encounter various challenges, including delays, high costs, lack of transparency, multiple intermediaries, variable processing speeds, and differing compliance standards across correspondent banks.

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RTGS.global Launches Unique Solution for PSPs to Drive ‘exponential Growth’ With Frictionless Foreign Exchange Money Transfers 

Fintech Finance

With competitive foreign exchange rates and low international payments fees no longer a sufficient differentiator, RTGS.global’s atomic settlement solution will give PSPs a competitive advantage by enabling more efficient movement of liquidity to payment destinations required by their customers.

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Ripple Partners With Clear Junction to Enhance UK and EU Cross-Border Payments

Fintech Finance

Blockchain technology and cryptocurrencies will definitely be at the core of the evolution of correspondent banking and we are happy to partner with Ripple to be a part of this process. This partnership is a great example of two institutions coming together to augment their respective products and services.