Fintech Weekly

JULY 29, 2025

This shift is happening in parallel with rising regulatory scrutiny, growing interoperability demands, and the push for real-time finance — all of which are forcing teams to revisit how payments, reporting, and liquidity should function across jurisdictions and systems. Modern banking integrations are also critical.

Stablecoins

PYMNTS

AUGUST 1, 2019

In the latest Smarter Payments Tracker , PYMNTS takes a deep dive into the challenge of interoperability in achieving better cross-border payments services and experiences. In its announcement , SWIFT noted that this standardization will be especially impactful for high-value corporate payments within the correspondent banking sphere.

Interoperability

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

PYMNTS

AUGUST 1, 2019

A press release issued Wednesday (July 31) said ISO 20022 has the potential to promote efficiency in the correspondent banking community and modernize cross-border transactions. “Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its announcement.

ISO 20022

Fintech Finance

OCTOBER 15, 2024

RTGS.global’s settlement network connects key market participants from individual countries, creating seamless interoperability across borders and currencies. 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.

Cross-Border

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.

Addressing

Fintech Finance

JANUARY 11, 2024

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.

Cross-Border Payments

PYMNTS

FEBRUARY 26, 2020

These infrastructures and processes form the backbone of the global correspondent banking model. As the world’s payment market infrastructures and their currencies complete their adoption of ISO 20022, they are reaping the benefits that interoperable and data-rich standard can offer. A Gradual Move With Big Benefits.

ISO 20022

Fintech Finance

MAY 29, 2025

Clients choose Conduit for: Speed and Efficiency: Unlike payment platforms that rely on slow and disjointed networks of correspondent banks, Conduit has direct partnerships with two dozen banks across the world, enabling transactions to settle in seconds rather than days.

Cross-Border Payments

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.

Cross-Border Payments

PYMNTS

AUGUST 16, 2019

The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. That resistance doesn’t reflect the needs of smaller, regional banks. These transactions reached $144 billion in value in 2014 and could hit $240 billion by 2024.

Cross-Border Payments

PYMNTS

APRIL 8, 2020

The program is an “interoperable, single API” solution and will help financial institutions (FIs) and lenders easily verify accounts and identities to start getting the loans out. government in the wake of the coronavirus pandemic.

Correspondent Bank

Faster Payments Council

MARCH 15, 2023

Whether we will see these services gain traction is tied to what many believe to be a major hurdle–interoperability. FedNow may not interoperate with RTP, and it doesn't seem to be a priority for either. Some banks may not be able to connect to both. Panelists will provider perspectives on correspondent banking strategies.

FPC

The Fintech Times

FEBRUARY 28, 2024

Aleks Stefanovski, VP for strategy and business operations at Visa “Another barrier is de-risking by correspondent banks. Most cross-border payments are processed on infrastructure provided by correspondent banks. “Over the past decade, the risk appetite at correspondent banks has declined.

Cross-Border Payments

PYMNTS

SEPTEMBER 11, 2019

In June, the Chinese digital payment player Alipay and a handful of European mobile wallets announced a partnership to promote QR code payment interoperability. Other initiatives are being spearheaded across regions. How Cross-Border Payments Are Made. Last week, SWIFT launched a new API standard for the pre-authorization of funds.

Cross-Border Payments

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. We are seeing a lot of worldwide initiatives to make the move to real-time or almost real-time payments.

Cross-Border Payments

PYMNTS

DECEMBER 20, 2018

The results come across hundreds of billions of dollars’ worth of payments each day, and across hundreds of financial institutions (FIs), with the roster including 60 of the largest banks in the world. Banks have said that the Fed would be working in competition with existing processes. “If

Cross-Border

PYMNTS

FEBRUARY 20, 2018

Even as digitization has opened up new ways to administer the financing of trade, the lack of interoperability limits the ability to scale solutions. Regulators, banks, customs, shipping, logistics and FinTech companies need to work together to inform new regulatory, legal and technical standards.”. Alt-Fin’s Limited Impact.

Finance

PYMNTS

DECEMBER 18, 2019

MoolahGo Explores The Interoperability Challenge. If you are doing Open Banking [through those other rails], you are still going through the corresponding bank system,” said Steve Kirsch, CEO of M10, in a recent interview with Karen Webster. It’s moving slowly.”.

B2B

Segpay

JUNE 13, 2024

The Service Provider Showcase on FedNow Explorer includes a growing list of more than 100 payment processors, correspondents, banking operations, and application providers to help financial institutions connect and amplify their network. Accessibility: Available to all banks and credit unions.

FedNow

The Payments Association

MAY 16, 2025

This standard introduces structured, enriched data formats for payment messagesimproving interoperability, fraud detection, and reconciliation. ISO 20022 for cross-border payments (Mandatory by 22 November 2025) The global migration to ISO 20022 as the standard for cross-border payments messaging becomes mandatory on 22 November 2025.

Regulations

Nanonets

SEPTEMBER 8, 2023

ACH transfers are predominantly confined to the United States due to the considerable coordination challenges associated with expanding their interoperability on a global scale. A well-established network of correspondent banks facilitates cross-border and cross-currency transfers with typically only one or two intermediaries involved.

Wire Transfer

Finextra

JUNE 30, 2025

Stablecoins offer the potential to make international transfers faster and more cost-effective compared to some traditional correspondent banking methods. Lack of interoperability Financial institutions also face operational and credit risks inherent in digital currency management.

Stablecoins

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. It does not move money but provides messaging services between banks. Instead, they use intermediaries to transfer funds.

Cross-Border Payments

Fintech News

FEBRUARY 17, 2025

Challenges payment providers face today Historically, the absence of a global banking system has meant payments have been made across a network of correspondent banks. This fragmented, complex ecosystem drives up costs, slows down settlement, presents compliance challenges, and prevents transparency with every transaction.

Cross-Border

Fintech News

JANUARY 22, 2025

APACs focus on cross-border interoperability, in addition to domestic improvements, highlights the regions commitment to maximising the benefits of real-time payments. For instance, the UK and Europe, despite having long-established real-time payment systems, still face challenges in realising their full potential. However, a staggering 7.5%

Real Time Payments

Finovate

APRIL 28, 2025

Thunes plans to use the funding to fuel US growth, drive AI innovation, and expand interoperability with the digital asset ecosystem, positioning itself against competitors like Wise and Airwallex. Thunes raised $150 million in Series D funding from Apis Partners and Vitruvian Partners. The funds more than double its previous 2023 round.

Cross-Border Payments

Fintech Finance

JUNE 2, 2025

As part of its continued ambition to become a leading global clearing provider, Banking Circle has today significantly strengthened its embedded financial infrastructure with direct access to the Swiss Interbank Clearing (SIC) system. ” The CHF solution is live now, with full commercial rollout underway.

Real Time Gross Settlement (RTGS)

The Fintech Times

JUNE 2, 2025

Banking Circle , the global clearing provider, has made major progress in its effort to build a global payments platform with interoperability at its core, as it strengthens its embedded financial infrastructure with direct access to the Swiss National Bank ‘s Swiss Interbank Clearing (SIC) system.

Real Time Gross Settlement (RTGS)