PYMNTS

DECEMBER 20, 2018

SWIFT , the messaging service, said earlier this week that its SWIFT global payments innovation (gpi) service is being used for a majority — as in 55 percent — of its cross-border traffic. As has been reported, more than 50 percent of SWIFT gpi payments are made within 30 minutes, and roughly 100 percent are made within 24 hours.

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PYMNTS

DECEMBER 15, 2020

Bank Of America Wields SWIFT gpi. Bank of America has built a new solution using SWIFT's gpi rail, which integrates with domestic rails, to enable cross-border payment tracking for its corporate customers.

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

Finextra

JUNE 29, 2025

60% of corporate banks agree that cross-border real-time payments infrastructure brings a revenue opportunity. This is evidenced by major banks and Card Companies beginning to offer stablecoins. Stablecoins will also help institutions better manage their currency exposures worldwide while providing instant and final settlement.

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Cross-Border Payments Cross-Border Stablecoins Payments 52

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. To date, Conduit has saved clients over 60,000 hours in settlement times and generated fee savings worth over $55 million.

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Cross-Border Payments Cross-Border Stablecoins SWIFT 81

PYMNTS

SEPTEMBER 6, 2018

According to a statement on the launch: “Two financial institutions transacting together agree to use a stable coin, central bank digital currency or other digital assets as the bridge asset between any two fiat currencies. The digital asset facilitates the trade and supplies important settlement instructions.”

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PYMNTS

APRIL 29, 2020

Speed, for instance, is an essential component of crypto transactions, making it difficult for many of these businesses to find a banking provider that can address that need. “The main advantage of cryptocurrencies is nearly-instant settlement,” he said. “So, So, the fiat transaction leg should also be fast, or nearly instant.

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Cryptocurrency Cross-Border Compliance AML 113

Finovate

OCTOBER 21, 2024

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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PYMNTS

SEPTEMBER 6, 2018

By way of illustration, the company gave a scenario: “Two financial institutions transacting together agree to use a stable coin, central bank digital currency or other digital assets as the bridge asset between any two fiat currencies. The digital asset facilitates the trade, and supplies important settlement instructions. SWIFT, Too.

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PYMNTS

JULY 31, 2019

While real-time settlement is commonplace in many European Union (EU) countries, an international payment system that functions across all European borders — and beyond — has yet to be realized. Mastercard has instead purchased cross-border transaction providers to expand its payments networks and offer similar solutions.

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Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. October 2024: TD Bank$3 BillionAML TD Bank was fined $3 billion, including a $1.3

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The Fintech Times

OCTOBER 21, 2024

Its new solution boasts settlement options, giving banks more flexibility to optimise liquidity efficiencies, without impacting FX and deposit-related bank revenue. Large clearing banks can extend the service to their institutional customers with minimal changes to their current processes.

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PYMNTS

JULY 26, 2019

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.

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Cross-Border Payments Cross-Border Innovation Correspondent Bank 64

PYMNTS

JUNE 30, 2017

Banks, themselves, may also be a little skittish in the wake of the SWIFT/Bangladesh heist. Ludwin said that the correspondent banks have begun pulling back from correspondent banking because of the increasing regulatory burden of being an intermediary bank.

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Blockchain B2B Payments Correspondent Bank 77

Nanonets

SEPTEMBER 8, 2023

." When a wire transfer involves the transfer of funds between banks in different countries, it is known as a "remittance." " A wire requires the sender to provide details of the receiver and their bank. The sender's bank transmits a message through a secure messaging service like SWIFT or Fedwire.

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PYMNTS

JUNE 28, 2019

The urgency to develop more efficient infrastructures is being driven by the rise of the global economy, with banks and businesses seeking solutions that enable them to move money between borders swiftly and securely. The SWIFT gpi pilot is not the only partnership aimed at improving the cross-border payments infrastructure.

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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. Earlier data from SWIFT released last year found the RMB slipped from fifth place to sixth in a ranking of global currencies. “In

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B2B Cross-Border Payments Cross-Border Innovation 44

PYMNTS

FEBRUARY 20, 2018

Payments experiences are far from ubiquitous from market to market, however, and a global payments settlement agency is now pressing for faster cross-border payments at a global scale. In addition, innovators the world over are exploring how technologies like blockchain could address payments speeds and efficiency on an international level.

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Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

NOVEMBER 18, 2019

I don’t have to think about the bank clearing and settlement cycle. He told PYMNTS this consumer mindset is reflected, for example, in statistics from the United Kingdom that show a significant number of transactions happen outside of regular banking hours. It’s to the merchant’s benefit to get money sooner,” he said.

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Finovate

APRIL 9, 2024

Infinity is a banking and payments platform for cross-border businesses in India. Swift is building instant international payments to replace the archaic correspondent banking infrastructure.

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FinTech Cross-Border Due Diligence Gateways 52

PYMNTS

DECEMBER 17, 2019

M10 focuses on creating a digital money solution to help global banks quickly and affordably handle international transfers, settlements and remittances. Not only that, he said, but such rails essentially keep bankers’ hours, which can impact settlement and clearing. that develops solutions for digital currency.

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Central Bank Global Payments Cross-Border Payment APIs and Integration 52

PYMNTS

OCTOBER 24, 2019

Swift recently announced that its gpi service can integrate with domestic real-time systems to facilitate rapid cross-border transactions. A trial of the service included one test in which it delivered a payment from Singapore’s FAST scheme through 17 banks and seven countries within 13 seconds.

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Cross-Border Payments Cross-Border B2B FedNow 42

PYMNTS

DECEMBER 18, 2019

enabling it to manage the settlement and liquidity of transactions made via RTP for its 500 credit union members. Though M10 isn’t the only new rail to have emerged, the company said it wants to bypass the current interbanking system, which is still in use by even newer rails launching, like SWIFT’s gpi service. “If

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B2B Credit Union Electronic Funds Transfer (EFT) RTP 52

PYMNTS

SEPTEMBER 24, 2019

This week, SWIFT picks the latter, while JPMorgan Chase grows its initiative using blockchain to make cross-border transactions, and Form3 announces a new international payment services that connects banks with global small business payments capabilities via application programming interface (API).

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SWIFT Cross-Border Payment APIs and Integration Cross-Border Payments 73

CB Insights

FEBRUARY 8, 2018

The promise of blockchain as a trustless, disintermediated technology is to disrupt all of that, including: Payments: By eliminating the need to rely on intermediaries to approve transactions between consumers, blockchain technology could facilitate faster payments at lower fees than banks. Clearance and Settlements Systems.

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Fintech Review

MARCH 5, 2025

How Cross-Border Payments Work International payments rely on a network of correspondent banks. When sending money abroad, banks often do not have direct relationships with every foreign institution. SWIFT plays a key role in this process. It does not move money but provides messaging services between banks.

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Fintech News

JANUARY 22, 2025

These solutions are key to achieving success in the evolving banking sector, enabling institutions to respond swiftly to market demands, and prevent disruption to existing processes whilst also boosting operational efficiency. of cross-border traffic was ISO Native, according to Swift. As of November 2024, 26.8%

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Real Time Payments APACS ISO 20022 Cross-Border 123

The Fintech Times

MAY 7, 2025

Stablecoins where SWIFT used to be That unpredictability is also changing how financial institutions move money. Theyre not using SWIFT anymore. The correspondent banking model together with SWIFT was built 50 or 60 years ago to facilitate a small number of large payments. Theyre using stablecoins.

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PYMNTS

JANUARY 9, 2019

That is geared toward eliminating pre-funding needs of banks to have foreign currencies on hand tied to destination currencies. Where capital is free to roam (in a way) beyond the confines of the traditional correspondent banking system, it can be deployed in other ways, making money cheaper to move, and speedier to move too.

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