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.

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The Fintech Times

FEBRUARY 21, 2024

Having reflected on what the top priority is for businesses looking to enter the cross-border payments space, we now turn our attention to the future, and how the sector will evolve in 2024. “Public-private partnerships will also rise among regulators and payment players such as banks and technology providers.

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Fintech Finance

MAY 29, 2025

Conduit’s cross-border payment network seamlessly integrates stablecoins, USD and local currencies, providing businesses with a faster, cheaper, and more reliable alternative to the legacy SWIFT system.

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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

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Fintech Finance

JANUARY 11, 2024

Developed by the FPC Cross-Border Payments Work Group, sponsored by Mastercard, the report delves into the history of cross-border payments, examining the evolution from ancient trade routes like the Silk Road to modern-day global financial systems.

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PYMNTS

JULY 31, 2019

Solution providers like Ripple are introducing new ways to bypass the correspondent banking system entirely through cryptocurrency, while others like the above-mentioned Visa B2B Connect and SWIFT gpi , aim to transform it.

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PYMNTS

SEPTEMBER 6, 2018

… It all means funds can now be transferred at a fraction of the cost and time of traditional correspondent banking.”. Africa As Greenfield Payments Opportunity. SWIFT, Too. Thus, FinTech firms such as Ebury are able to track international payments in real time, and globally.

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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.

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PYMNTS

JULY 16, 2018

Citi announced Monday (July 16) the launch of Citi Payment Insights, a new service that gives institutional clients access to real-time payment information and the ability to action payments on demand via the CitiDirect BE electronic banking platform.

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PYMNTS

NOVEMBER 18, 2019

For real-time payments, the infrastructure is there, and now comes the demand. He likened the strategy to the 80/20 rule, where the bank may make 20 percent of its revenues from payment services and 80 percent from account holdings. But, he added, there’s an incentive for merchants to shift to real-time payments.

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PYMNTS

NOVEMBER 21, 2018

Citi ’s Treasury and Trade Solutions (TTS) announced that it has expanded its Citi Payment Insights offering to more than 20 new markets, making it available in more than 70 markets. In addition to expanding to new markets, the solution is now available to all client segments across corporate, public sector and financial institutions (FIs).

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PYMNTS

OCTOBER 24, 2019

Cross-border payments still present challenges , but the landscape is changing rapidly. . Swift recently announced that its gpi service can integrate with domestic real-time systems to facilitate rapid cross-border transactions. Traditionally, most cross-border payments are made through Swift.

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PYMNTS

FEBRUARY 8, 2018

China’s renminbi (RMB) is one global currency that is pushing its international standing, but new data from SWIFT released earlier this month found 2017 was a mixed year for the currency. In a chat with PYMNTS, Moon emphasized the role of cross-border B2B payments in the ability of the RMB to remain a strong contender in global payments. “The

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PYMNTS

DECEMBER 18, 2019

Reports in The Japan News said that MUFG and Recruit are collaborating on a possible digital currency with the potential to facilitate B2B payments, and with plans to launch their joint venture in the first half of next year. Credit Unions Embrace RTP. It’s moving slowly.”.

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PYMNTS

OCTOBER 22, 2019

Transfers are passed between FIs until they reach intended recipients, and each bank adds extra steps and fees along the way. Global messaging firm SWIFT is easing some cross-border payment pains by enabling the approximately 11,000 FIs that use its network to send standardized payments information to each other, although much work is needed.

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PYMNTS

DECEMBER 17, 2019

Meanwhile, payments messaging firm SWIFT recently announced that its gpi service can now integrate into domestic real-time payment systems, enabling banks to wield gpi for real-time cross-border payments. It’s moving slowly.”.

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PYMNTS

DECEMBER 30, 2019

In an interview with PYMNTS , Ripple Senior Vice President of Business and Corporate Development Kahina Van Dyke explained why building new infrastructure from the ground up can be an effective way to combat friction in the legacy correspondent banking system that lacks transparency and is plagued by slow transaction speeds and high FX costs.

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PYMNTS

SEPTEMBER 24, 2019

For today’s payment service providers, accelerating payments across borders means either developing new infrastructure, or making use of existing rails, to move money around the world. Below, PYMNTS looks at the latest news in cross-border payments innovation as industry players complete, collaborate and innovate.

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PYMNTS

DECEMBER 14, 2018

Throughout the year, that prediction has manifested into reality, as more traditional financial institutions (FIs) turn toward FinTech innovators to address the biggest pain points of the legacy correspondent banking system. percent (compared to 6 percent for peer-to-peer [P2P] payments).

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Fintech News

JANUARY 22, 2025

APAC has solidified its position as the leader in global real-time payments, processing nearly 70% of the worlds 266 billion transactions in 2023. What makes APAC unique is its blend of diverse regulatory frameworks and a multitude of exotic currencies, creating a dynamic payments environment.

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