Finextra

OCTOBER 1, 2024

Correspondent banking relationships are vital for facilitating international transactions.

Correspondent Bank 52

Correspondent Bank Correspondent Checks Accounts 52

Finextra

NOVEMBER 27, 2024

The utilization of correspondent accounts has become increasingly prevalent in the financial service.

Correspondent 52

Correspondent Accounts Risk 52

Finextra

OCTOBER 14, 2024

Deutsche Bank’s Institutional Cash and Trade announces the launch of dbX, paving the way for its next generation, fully integrated correspondent banking ecosystem.

Correspondent Bank 52

Correspondent Bank Correspondent 52

Fintech Finance

MARCH 10, 2025

Known for its fiat and crypto correspondent account services for financial institutions, Clear Junction’s continued presence in the FT 1000 is a testament to the trust it has built across the banking, fintech, payments, and digital asset ecosystems.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Correspondent Multi-Currency 59

Finextra

OCTOBER 22, 2024

Regulators must define a “minimum set of data” to be shared between banks that would still “serve the purpose” of fraud detection and prevention, said Michele Gentile, head of group correspondent banking, APAC, UniCredit, at Sibos today.

Correspondent Bank 111

Correspondent Bank Regulations Fraud Detection Correspondent 111

Fintech Finance

JANUARY 7, 2025

In Europe, Wise Platform has added and grown partnerships as demand for its Correspondent Services solution continued to accelerate. Through these partnerships, Wise Platform enables fast, seamless and secure international transactions for Nubanks premium Ultraviolet segment and Travelex Confidences customers directly from their own platform.

Cross-Border 98

Cross-Border Cross-Border Payments Multi-Currency International Payments 98

Fintech Finance

MARCH 6, 2025

With this launch, businesses and individuals can benefit from faster, more cost-effective, and secure payments without relying on correspondent banks or third-party currencies. The service is fully operational and accessible via the banks mobile applications and branch networks, enabling seamless transactions across African borders.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 52

Fintech Finance

MARCH 6, 2025

Known for its fiat and crypto correspondent account services for financial institutions, Clear Junctions continued presence in the FT 1000 is a testament to the trust it has built across the banking, fintech, payments, and digital asset ecosystems.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Correspondent Multi-Currency 52

The Fintech Times

MARCH 6, 2025

In the last few years, stablecoins have emerged as a new global payment rail for businesses and an alternative to the correspondent banking system. With our embedded wallet, were making stablecoin, crypto and fiat payment rails interoperable, to give our customers true payments flexibility. Why stablecoins?

Stablecoins 59

Stablecoins Payment APIs and Integration FedWire Multi-Currency 59

PYMNTS

SEPTEMBER 24, 2020

Correspondent Banking . Financial institutions (FIs) traditionally offer remittances through correspondent banking relationships , in which banks in different countries open deposit accounts to handle cross-border payments. Correspondent banking is not the only way that money transfers can be conducted.

Regulatory Compliance 89

Regulatory Compliance Compliance Correspondent Bank Correspondent 89

Finextra

JUNE 19, 2024

Taking to the stage on the second and final day of EBAday in Lisbon, Portugal were Erik Frantz, executive director, financial institutions – banks, CaixaBank; Roisin Levine, head of UK and Europe partnerships, Wise Platform; Rafael Linde, head, international development and global relationship management, Cecabank; Dean Sposito, head of institutional (..)

Correspondent Bank 59

Correspondent Bank Cross-Border Payments Cross-Border Correspondent 59

The Paypers

DECEMBER 2, 2024

Puntored and Nu have announced a new partnership that enables Nu customers to deposit cash into their accounts through Puntored's network of correspondents.

Correspondent 36

Correspondent Accounts 36

Fintech News

JULY 14, 2024

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.

Cross-Border 107

Cross-Border Correspondent Bank Multi-Currency Settlement 107

The Payments Association

NOVEMBER 29, 2024

In addition to providing transaction details instantly and on the spot, these intelligent solutions manage fraud cases that card issuers would otherwise have to address by phone, email, or written correspondence.

Disputes 88

Disputes Issuers Card Issuer Payment APIs and Integration 88

The Payments Association

NOVEMBER 11, 2024

The sharing of data, without a direct corresponding increase in revenue streams, has made it a largely unprofitable venture for many financial institutions. Banks have invested heavily in complying with PSD2, incurring substantial infrastructure costs.

Payment APIs and Integration 88

Payment APIs and Integration API Privacy Regulations 88

The Fintech Times

NOVEMBER 8, 2024

In addition to their role in correspondent banking, they also have the potential to streamline and simplify the settlement of tokenised assets in the capital market.”

Cross-Border 59

Cross-Border Cross-Border Payments Payment Solutions Blockchain 59

Fintech Finance

OCTOBER 21, 2024

Fully compatible with existing correspondent banking arrangements between respondents and correspondents. Leverages banks’ existing investments in Swift messaging infrastructure, with a single technical connection that allows corridors and currencies to be added with minimal cost and resources.

Cross-Border Payments 104

Cross-Border Payments Cross-Border Visa Near Real-Time 104

Fintech News

JUNE 4, 2024

Currently, FX services provided by correspondent banks are often costly, slow, and complex, posing liquidity, credit, and settlement risks to participants. Enhancing cross-border payments is a significant international policy objective and a priority for the G20.

Cross-Border Payments 104

Cross-Border Payments Cross-Border CBDC Settlement 104

Fintech Finance

OCTOBER 21, 2024

Rising Demand for Correspondent Services Wise Platform’s Correspondent Services, launched at Sibos last year in collaboration with Swift , allows partners to send and receive international payments instantly.

Cross-Border 98

Cross-Border Global Payments Cross-Border Payments Multi-Currency 98

The Fintech Times

SEPTEMBER 11, 2024

Vikas Suri, co-head of wholesale banking group at RAKBANK Vikas Suri , co-head of wholesale banking group at RAKBANK added: “The successful transfer of eCNY to our correspondent in China is a game-changer in several respects. The mBridge Ledger, a new blockchain, underpins the platform, supporting secure and instantaneous transactions.

CBDC 126

CBDC Cross-Border Payments Transactions Cross-Border 126

PYMNTS

OCTOBER 16, 2020

The traditional correspondent banking network is one major speedbump that stops financial institutions (FIs) from providing speedy, inexpensive, cross-currency and cross-border transfers, Lembo explained, but financial services providers can adopt new technology and approaches to safely streamline these transactions.

Cross-Border Payments 85

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 85

The Fintech Times

DECEMBER 1, 2024

Following its collaboration with Dandelion, HSBC now offers fee-free transfers to over 100 destinations in more than 60 currencies, providing a seamless, real-time payment experience that bypasses the traditional correspondent banking model.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Multi-Currency Wire Transfer 59

The Finance Weekly

JANUARY 19, 2023

Here are a few reasons why: Lacks a Future-Focused Outlook: Operational finance leadership primarily focuses on the company's past and present, which can prevent it from visualizing the company's future and the corresponding uncertainties and financial risks.

Finance 245

Finance Adjustments Correspondent On-Demand 245

PYMNTS

JANUARY 23, 2020

The deal will expand MoneyGram’s presence in Egypt and give it access to Suez Canal’s large network of correspondent banks around the globe. MoneyGram has partnered with Suez Canal Bank to let customers send money right into Egyptian bank accounts, according to a press release.

Correspondent Bank 119

Correspondent Bank Cross-Border Correspondent Debit Card 119

Fintech Review

NOVEMBER 20, 2024

Once a transfer request is received, the SOE identifies the best route and shares the corresponding rate with the institution and consumer. This is done through the institution’s existing mobile or web app, or physical branch. The consumer then elects to proceed with the transfer at the quoted rate.

Cross-Border 115

Cross-Border Cross-Border Payments Multi-Currency FinTech 115

Finextra

APRIL 29, 2024

Service level agreements used in cross-border payment arrangements define minimum service levels for correspondent banking relationships, the links between payment systems and payment instrument rulebooks.

Cross-Border Payments 64

Cross-Border Payments Cross-Border Agreements Correspondent Bank 64

Fintech News

FEBRUARY 5, 2024

million) in the corresponding period the previous year. For the quarter ending 31 December 2023, the company reported a net profit of INR 37.2 crore (US$4.5 million), a significant improvement from a loss of INR 87 crore (US$ 10.5 million) through its IPO, which included sales by existing shareholders.

Correspondent 107

Correspondent Blocks FinTech Transactions 107

Bank Automation

JANUARY 12, 2024

Total headcount at Citi as of the fourth quarter of 2023 was 239,000, down from 240,000 during the corresponding period […]

Correspondent 75

Correspondent Technology Automation 75

Fintech Finance

OCTOBER 22, 2024

The new virtual account, exclusively held by HSBC, provides each business with a dedicated account number, which enables the domestic bank to identify the corresponding merchant for each payment and carry out reconciliation seamlessly, so the merchant can receive their funds much more quickly.

Cross-Border 98

Cross-Border Accounts Cross-Border Payments Reconciliation 98

Fintech News

JANUARY 30, 2024

Etiqa Insurance Singapore has unveiled a new pet insurance policy in response to the growing number of pets and the corresponding rise in veterinary costs in the island-state. The new policy “Tiq Pet Insurance” covers a range of medical expenses due to accidents, illnesses, congenital, and hereditary conditions.

Correspondent 107

Correspondent FinTech Posting 107

Fintech News

AUGUST 12, 2024

BS2 also serves as Nium’s Brazilian Real (BRL) Correspondent Bank, assisting in real-time payment settlements for cross-border Pix transfers. BS2 is leveraging Nium’s Global FX product to reduce costs and enable real-time payouts between Brazil and key trading partners like China and the UAE.

Cross-Border 107

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 107

Fintech Finance

OCTOBER 29, 2024

The network of over 5,600 women banking correspondents (BCs) in Maharashtra have played a crucial role in reaching out to women, providing them with the support needed to open and maintain their bank accounts. By facilitating access to banking services, Airtel Payments Bank aims to empower women economically and socially.

Accounts 95

Accounts Financial Literacy Correspondent Enrollments 95

Fintech Finance

OCTOBER 15, 2024

PSPs save money as they no longer need to set up correspondent banking to hold money overseas, nor do they need to pay banks per transaction. This puts PSPs in control of their own liquidity and allows them to buy and sell with speed overseas.

Cross-Border 98

Cross-Border Liquidity Management Cross-Border Payments Correspondent Bank 98

Fintech Finance

OCTOBER 18, 2024

As one of the pioneering payment processors in Latin America, Payválida has the largest network of partners for cash payments at physical branches and banking correspondents, in addition to offering customized alternative payment solutions for businesses and their customers, to facilitate smooth transactions that promote successful sales.

Alternative Payment Methods 97

Alternative Payment Methods B2C Correspondent Payments 97

PYMNTS

AUGUST 31, 2020

This network is quickly becoming more popular as a replacement for correspondence banking models, partnering with BNY Mellon and Microsoft to enable payments at 11,000 FIs in more than 200 countries around the world. The first is improved speed, shown by the adoption of cloud technology from global payments network SWIFT.

Real Time Payments 135

Real Time Payments Online and Mobile Banking Correspondent Bank SWIFT 135

PYMNTS

DECEMBER 30, 2020

Payactiv recovers corresponding EWA amounts via employer-facilitated payroll deductions” and doesn't “seek repayment from an employee directly or through a payment authorization from the employee’s account,” the order stated.

CFPB 106

CFPB Payroll Correspondent Rules 106

Finextra

OCTOBER 21, 2024

NYSE: MFG) and one of the largest full-service financial institutions in the world, jointly announced a landmark agreement for correspondent bank network connectivity for international trade. (“Mizuho Bank”), the banking arm of Mizuho Financial Group, Inc.

Correspondent Bank 59

Correspondent Bank Correspondent Finance Agreements 59