PYMNTS

SEPTEMBER 1, 2020

More money crossing borders digitally. Fewer correspondent banks to move that money. For instance, the number of active correspondent banks fell about 23 percent in advanced economies, but as much as 41 percent in developing nations. And the hallmark of that money movement — a lack of transparency and speed.

Correspondent Bank 123

Correspondent Bank Correspondent Cross-Border Cross-Border Payments 123

Fintech Review

NOVEMBER 20, 2024

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. Let’s dive in.

Cross-Border 115

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

PYMNTS

OCTOBER 15, 2020

Cross-border payments are a necessary, yet often frustrating part of the world economy, with international transactions prone to overlapping government regulations, excessive fees and slow processing times. The rising global value of cross-border payments has been slowed somewhat by the ongoing pandemic.

Correspondent Bank 91

Correspondent Bank Cross-Border Correspondent Cross-Border Payments 91

Fintech Finance

JUNE 5, 2025

Payall Payment Systems , the world’s first provider of end-to-end infrastructure that enables financial institutions to offer institutional-grade, safe, fast, low-cost, transparent and inclusive cross-border payments for B2X, P2X and G2X use-cases, has selected Ventura Capital to lead their Growth Round raise.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 59

Fintech News

NOVEMBER 27, 2024

Deutsche Bank’s additional investment reinforces Partior’s plans to scale its operations globally and enhance cross-border capabilities as well as develop functions like Intraday FX swaps and Just-in-Time multi-bank payments. said Humphrey Valenbreder, Chief Executive Officer of Partior.

Cross-Border 112

Cross-Border SARS Multi-Currency Correspondent Bank 112

Fintech Finance

MARCH 6, 2025

KCB and Bank of Kigali customers will now be able to send and receive cross-border payments using PAPSS. The service is fully operational and accessible via the banks mobile applications and branch networks, enabling seamless transactions across African borders. This service is fast, affordable, and reliable.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 52

Fintech Finance

JANUARY 7, 2025

Langbridge joined from Currencycloud where she played a key role in transforming the company from a UK-centric startup into a global cross-border payments company. In Europe, Wise Platform has added and grown partnerships as demand for its Correspondent Services solution continued to accelerate.

Cross-Border 98

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

Fintech Finance

MARCH 18, 2025

(StoneX; NASDAQ: SNEX) and Bamboo Payment Systems (Bamboo) announce that StoneX Payments, a division of StoneX, and Bamboo have entered into a strategic partnership to expand cross-border payment offerings and coverage for global merchants. The partnership includes an undisclosed investment by StoneX.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Correspondent Payments 52

Fintech Finance

OCTOBER 21, 2024

Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments. Fully compatible with existing correspondent banking arrangements between respondents and correspondents.

Cross-Border Payments 104

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

Fintech Finance

MARCH 11, 2025

Clear Junction , a global leader in cross-border payments for regulated financial institutions, has once again been recognised in the 2025 FT 1000 , the Financial Times’ prestigious ranking of Europe’s fastest-growing companies.

Cross-Border Payments 85

Cross-Border Payments Cross-Border Correspondent Multi-Currency 85

Fintech News

APRIL 11, 2024

This burgeoning sector, characterised by its complexity and diversity, demands payment solutions that are efficient and adaptable to the nuanced dynamics of cross-border trade. Amidst the APAC region’s rapid economic ascent and the explosion of digital commerce, cross-border payment practices have noticed an evolution.

Cross-Border Payments 120

Cross-Border Payments Cross-Border APACS Payments 120

Fintech Finance

DECEMBER 17, 2024

This move will enable Tietoevry Bankings client financial institutions to offer corporate customers Visa B2B Connect payments, delivering faster, more cost-effective and transparent payment options when transacting across borders.

Cross-Border 94

Cross-Border Cross-Border Payments Payment APIs and Integration B2B 94

Fintech News

APRIL 21, 2025

Thunes said the service, powered by its API, enables faster cross-border payments, offers greater transparency in transaction costs and details, and reduces the complexity of using legacy systems.

Business Payments 89

Business Payments Cross-Border Wire Transfer Payment APIs and Integration 89

Fintech Finance

OCTOBER 22, 2024

HSBC have launched a new cross border e-commerce payment solution for banks worldwide, enabling their merchant business customers trading on e-commerce sites to seamlessly receive EUR and GBP payments via their local bank account.

Cross-Border 98

Cross-Border Accounts Cross-Border Payments Reconciliation 98

The Payments Association

MAY 9, 2025

As financial crime evolves, correspondent banks must prioritise wire transfer transparency to meet global regulations and safeguard the financial system. Correspondent banking is vital in facilitating global trade, enabling cross-border remittances, and connecting emerging markets to the international financial system.

Correspondent Bank 88

Correspondent Bank Correspondent ISO 20022 Wire Transfer 88

Fintech News

JUNE 4, 2024

The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).

Cross-Border Payments 99

Cross-Border Payments Cross-Border CBDC Settlement 99

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

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

PYMNTS

OCTOBER 19, 2020

These challenges are only exacerbated when payments move across international borders, usually accomplished via correspondence banking. Banks are typically required to establish direct links with financial institutions (FIs) in other nations to make or receive cross-border payments.

Cross-Border Payments 77

Cross-Border Payments Cross-Border Correspondent Bank Technology 77

PYMNTS

APRIL 15, 2020

For foreign payment service providers looking to facilitate cross-border B2B payments into China, the correspondent banking model often remains the only route to facilitate clearing and settlement. “Getting correspondent bank accounts is the biggest challenge every payment service provider is facing.

Correspondent Bank 76

Correspondent Bank Correspondent Cross-Border B2B 76

Fintech Finance

JUNE 5, 2024

Today, Ripple , the leader in enterprise blockchain and crypto solutions, announced a new partnership with Clear Junction , the global leader in cross-border payments solutions for regulated institutions. The post Ripple Partners With Clear Junction to Enhance UK and EU Cross-Border Payments appeared first on Fintech Finance.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Multi-Currency IBAN 98

The Fintech Times

MARCH 7, 2025

KCB and Bank of Kigali customers can now send and receive cross-border payments using PAPSS. The service is fully operational and accessible via the banks mobile applications and branch networks, enabling seamless transactions across African borders.

Settlement 59

Settlement Correspondent Bank Cross-Border Correspondent 59

Fintech Finance

JANUARY 11, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.

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Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

PYMNTS

APRIL 3, 2019

It may seem that cross-border payments were in the … well … crosshairs this past week, with a number of country-by-country and company-by-company initiatives using blockchain and other methods to speed payments and lower fees. These shortcomings make the cross-border payment industry ripe for disruption and innovation.

Cross-Border Payments 92

Cross-Border Payments Cross-Border Blockchain Distributed Ledger Technology (DLT) 92

Payments Source

AUGUST 8, 2018

The fact remains that the vast majority of international payments are still done via banks and through the correspondent (SWIFT) network, writes Rosie Faulkner, vice president and money laundering reporting officer at Earthport.

Correspondent 64

Correspondent Cross-Border Payments Correspondent Bank Cross-Border 64

Fintech Finance

JUNE 18, 2025

Ken Villum Klausen, Founder and CEO at Lunar, said: “We’re happy to extend our collaboration with Wise by integrating their market-leading international payment infrastructure to facilitate faster and more transparent cross-border payments. This is especially true when it comes to moving money across borders.

Cross-Border 59

Cross-Border Cross-Border Payments International Payments Correspondent 59

PYMNTS

AUGUST 16, 2019

Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. A Call for Transparency.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

Fintech Finance

MARCH 10, 2025

Clear Junction , a global leader in cross-border payments for regulated financial institutions, has once again been recognised in the 2025 FT 1000 , the Financial Times’ prestigious ranking of Europe’s fastest-growing companies.

Cross-Border Payments 59

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

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-Border Payments Are Made. So, what’s the problem? What’s Changing?

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

Fintech Finance

NOVEMBER 4, 2024

Wise has spent the last 14 years building an alternative to traditional correspondent banking. With over 65 licenses globally and now six direct connections to domestic payment systems, this infrastructure enables over 63% of all Wise transactions to be completed instantly (under 20 seconds), with an average fee of 0.62%.

Instant Payments 98

Instant Payments Settlement Accounts Cross-Border Payments 98

Fintech Finance

JULY 10, 2024

From paying for and scheduling a procedure to reserving corresponding travel, transportation and lodging, patients will be able to confidently manage every aspect of their journey within the same platform.

Cross-Border 97

Cross-Border Visa Wire Transfer Accreditation 97

PYMNTS

JULY 31, 2019

So, why do cross-border payments present so many challenges? For example, if, in a particular market, different transaction limits apply for consumer versus business remittances, or for domestic versus cross-border transactions, we can provide these custom controls. Currently, there are 0.7

Cross-Border Payments 72

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

Fintech Finance

MAY 29, 2025

Conduit , a leading cross-border payments platform powered by stablecoins, announced today it closed a $36 million Series A funding round. “Traditional cross-border payment systems do not meet the demands of modern businesses.

Cross-Border Payments 81

Cross-Border Payments Cross-Border Stablecoins SWIFT 81

Fintech Finance

MARCH 6, 2025

Clear Junction , a global leader in cross-border payments for regulated financial institutions, has once again been recognised in the 2025 FT 1000 , the Financial Times prestigious ranking of Europes fastest-growing companies.

Cross-Border Payments 52

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

The Fintech Times

SEPTEMBER 11, 2024

Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The cross-border payment was completed using the Central Bank of the UAE’s (CBUAE) mBridge platform and marks a significant step forward in the international payments market.

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CBDC Cross-Border Payments Transactions Cross-Border 126

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

Payments Source

JANUARY 8, 2019

Despite controversy surrounding Ripple’s digital token, one bank is pushing forward to use it in cross-border payments.

Correspondent Bank 86

Correspondent Bank Correspondent Cross-Border Payments Cross-Border 86