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For the financial services world to address businesses’ global payments needs, Conibear said they must take a holistic approach that goes beyond facilitating cross-border payments or improving upon legacy payment rails. Beyond PaymentsInitiation. Open banking and PSD2 initiatives in the U.K.
Paymentsmessaging firm SWIFT is looking to gain support for its global paymentsinitiative and, most recently, announced the latest backers of the pilot program. The company said it will hope to improve the transparency and speed of global payments with the program.
First Investment Bank ( Fibank ) is the first Bulgarian bank to offer the SWIFT Global PaymentInitiative (gpi), according to a press release. There are other advantages as well, with real-time traceability through the identifying technology in the paymentmessage.
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