Remove Correspondent Bank Remove Liquidity Management Remove SWIFT
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U.S. Faster Payments Council Explores the Practicalities of Cross-Border Payments in a Faster Payments World

Fintech Finance

It explores the challenges faced by financial institutions in correspondent banking relationships, shedding light on regulatory compliance, security concerns, foreign exchange rate risks, and the impact of fintech players entering the field.

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Mastercard to Offer Real Time Cross-Border Payments for Commercial Clients

Finovate

The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. Move Commercial Payments offers features like liquidity management, integration with existing SWIFT systems, and helps to reduce counterparty risk.

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For Corporates, Cross-Border Payments Innovation Isn’t All About Speed

PYMNTS

With correspondent banking relationships on the decline, financial institutions are looking for new — and faster — ways of moving money around the world, too. Some solution providers like Ripple are introducing new ways to bypass the correspondent banking system entirely. This, of course, means faster global payments.