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.

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ISO 20022 ISOs SWIFT Cross-Border 76

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 93

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

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.

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

Fintech News

DECEMBER 10, 2023

” For FIs, the consequences are equally daunting, as they face expenses associated with the correspondent banking network. This approach is not limited to domestic payments but is especially relevant to international transactions, which often involve a complex web of correspondent banks.

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Addressing Fraud Prevention Financial Inclusion Payments 120

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.

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ISO 20022 ISOs SWIFT Cross-Border Payments 104

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.

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Cross-Border Payments Cross-Border Stablecoins SWIFT 81

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. Panelists will provider perspectives on correspondent banking strategies. Some banks may not be able to connect to both.

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FPC ISO 20022 Cross-Border Payments Federal Reserve 88

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. Cross-border payments of the future will not likely be based on legacy systems and traditional correspondent banking, though. and Australia’s NPP. innovations.

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Cross-Border Payments Cross-Border ISO 20022 ISOs 81

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.

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Correspondent Bank Authentication Correspondent Interoperability 56

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

Finextra

JUNE 23, 2025

With JPMD, each token corresponds to one U.S. That means JP Morgan’s digital dollars can potentially interoperate with the broader crypto ecosystem – from decentralised finance platforms to other banks’ token networks – without needing a special private ledger or bespoke infrastructure.

Embedded Finance 52

Embedded Finance Stablecoins Finance Payment APIs and Integration 52

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.

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

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. Increasingly, the financial services industry is targeting slow speeds in corporates’ cross-border payments, too.

Cross-Border Payments 72

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

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. .”

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Cross-Border Payments Cross-Border Correspondent Bank Correspondent 59

PYMNTS

DECEMBER 20, 2018

Through gpi, SWIFT and its community have managed to radically innovate the very core of correspondent banking,” said Chief Marketing Officer Luc Meurant in a press release providing the business update, and where universal update is being targeted for 2020.

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Cross-Border SWIFT Federal Reserve Fed 53

Nanonets

APRIL 24, 2024

Bank reconciliation typically involves gathering bank statements and transaction records, comparing them with the corresponding entries in the company's accounting records, and investigating any discrepancies. This process ensures the integrity of financial data and confirms that the reported financial position is accurate.

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Reconciliation Audit Procedures Correspondent 52

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.”.

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B2B Credit Union Electronic Funds Transfer (EFT) RTP 52

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. Part of that derisking process is a pull-back from correspondent banks as FIs instead focus on their home markets. Alt-Fin’s Limited Impact.

Finance 40

Finance Blockchain Correspondent Bank Correspondent 40

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. Interoperability: Designed to work alongside existing payment systems.

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FedNow Federal Reserve Real Time Payments Instant Payments 52

Nanonets

JUNE 8, 2023

This interoperability eliminates data redundancy and ensures accurate, up-to-date financial records. It intelligently maps data from the PDFs to the corresponding fields in QuickBooks, eliminating the need for manual data entry. One of QuickBooks' greatest strengths is its integration capabilities.

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Automation Payroll Correspondent Volume 52

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.

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Regulations ISO 20022 Cross-Border Legal 88

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.

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Wire Transfer Wire Wires ACH 52

Nanonets

JULY 21, 2023

Here are some key factors to consider when choosing a BPA tool: Interoperability: Ensure the tool integrates seamlessly with other systems and applications your business uses. Automation systems can easily be scaled up to accommodate increased workloads without a corresponding increase in operational costs.

Automation 52

Automation Process Audit Payroll 52

NFCW

NOVEMBER 14, 2024

Ahead of implementations, the EU is developing standards for the DPP technical environment, including interoperability. It is these third-party service providers that the EU is seeking feedback from with regards to a certification scheme.

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Product Third-Party Service Provider Correspondent Interoperability 112

Fintech Review

MARCH 5, 2025

How Cross-Border Payments Work International payments rely on a network of correspondent banks. The actual transfer happens through correspondent banks, adding complexity. Smaller banks must work through major correspondent banks to access global markets. Interoperability between financial systems is becoming a key focus.

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Cross-Border Payments Cross-Border Correspondent Bank Correspondent 76

Fintech Finance

MAY 29, 2025

” Re-Engineering Cross-Border B2B Payments for the Realities of Global Trade Due to fragmented banking infrastructure and reliance on legacy correspondent networks, B2B transactions suffered from regulatory complexity, outdated infrastructure, and significant compliance requirements.

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Cross-Border Payments Cross-Border B2B Central Bank 93

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.

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Cross-Border APACS Cross-Border Payments Real Time Payments 118

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%

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Real Time Payments APACS ISO 20022 Cross-Border 123

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 52

Cross-Border Payments Cross-Border Payment APIs and Integration Interoperability 52

Fintech Finance

JUNE 2, 2025

This latest development represents major progress in the bank’s mission to build a global payments platform with interoperability at its core and deliver instant, low-cost, scalable cross-border solutions across Europe. ” The CHF solution is live now, with full commercial rollout underway.

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Real Time Gross Settlement (RTGS) Payment APIs and Integration Multi-Currency Cross-Border 52

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 52

Stablecoins Finance Cross-Border Payment APIs and Integration 52

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) 45

Real Time Gross Settlement (RTGS) Payment APIs and Integration Accounts Multi-Currency 45