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Live Oak Bank Implements Finzly’s Fedwire Solution

Finovate

Live Oak Bank has enhanced its commercial and small business banking services by partnering with Finzly for its Fedwire solution. Payment and financial solutions provider Finzly announced this week that Live Oak Bank has enhanced its commercial and small business banking services by implementing Finzly’s Fedwire solution.

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Waza Launches Lync, a Multi-Currency Banking Platform With Global Payment Rails for Emerging Market Businesses

Fintech Finance

The platform offers multi-currency accounts, starting with USD, EUR, GBP, NGN and Stablecoins, with payments to more than 100 countries. The first step for Waza was providing competitive foreign exchange (FX) and cross-border payments for businesses.

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Conduit Raises $36 Million Series A to Scale Use of Stablecoins for Cross-Border Payments

Fintech Finance

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.

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FV Bank Announces Launch of SWIFT Services to Enhance Global Payment Capabilities

Fintech Finance

By integrating our SWIFT BIC code, FV Bank is able to receive deposits through an extensive network of over 11,000 financial institutions across more than 200 countries, significantly expanding its international cross-border payments capabilities. “While many U.S. “While many U.S.

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CurrencyWave Launches Multi-Currency Account For SMBs

PYMNTS

CurrencyWave , a Leeds-based cross-border payments firm, has launched a new multi-currency account to help remove borders from paying in foreign currencies for smaller firms, a report from Business Up North states. For example, if a U.S. In addition, the funds would also be able to get to the recipient much more quickly.

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ISO 20022 – Expanding like no tomorrow

ACI Worldwide Blog

In the domestic Real-Time Gross Settlement (RTGS)/Wire and cross-border payment spaces, transformation to the most recent ISO 20022 (HVPS+ and CBPR+) messaging standards has been ongoing since 2022. Federal Reserve will update its Fedwire system in March 2025.

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Fedwire’s ISO 20022 Migration Delayed By Federal Reserve Bank 

PYMNTS

The Payments Market Practice Group asked the Federal Reserve to reassess its approach to the project, which involves a three-phased migration to the ISO 20022 messaging standard for the Fedwire Funds Service. The industry group prefers same-day implementation. .