Fintech News

OCTOBER 28, 2024

The initiative showcases how regulatory requirements can be embedded directly into cross-border payment processes, aligning with G20 priorities to make these transactions faster and more cost-effective. We are optimistic about the potential of these early results to enhance cross border payments.”

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Cross-Border Compliance Automation Cross-Border Payments 128

Fintech Finance

APRIL 17, 2025

Swift today announced the launch of an enhanced solution for managing payment investigations that could save the financial industry millions and significantly reduce the time it takes to identify and resolve issues when international payments are delayed. Financial institutions spend more than USD 1.6

Cross-Border Payments 52

Cross-Border Payments Cross-Border SWIFT ISO 20022 52

Fintech News

JUNE 2, 2024

Swift, the global financial messaging cooperative, has announced two AI-driven experiments in collaboration with member banks to combat cross-border payments fraud which could potentially save the industry billions in fraud-related costs.

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Cross-Border Payments Cross-Border SWIFT AI 132

Payments Dive

AUGUST 24, 2023

The international cooperative reports improvements in meeting some G20 cross-border payments goals, but says the industry is falling short on others.

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Cross-Border Payments Cross-Border SWIFT Payments 147

Fintech News

DECEMBER 10, 2023

The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments.

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Cross-Border Payments Cross-Border SWIFT Fed 125

The Fintech Times

DECEMBER 1, 2024

Following its collaboration with Dandelion, HSBC now offers fee-free transfers to over 100 destinations in more than 60 currencies, providing a seamless, real-time payment experience that bypasses the traditional correspondent banking model. Reliance on multiple intermediaries often led to high costs and longer processing times.

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Cross-Border Payments Cross-Border Multi-Currency Wire Transfer 59

The Fintech Times

FEBRUARY 13, 2025

Money20/20 , the global fintech show, is gearing up to return to Asia from 22 to 24 April 2025, with plans to spotlight cross-border payments. During this year’s show, Money20/20 plans to focus on Asias innovations, emerging payment networks, and regulatory leadership that shape the payment ecosystem in the region.

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Cross-Border Payments Cross-Border APACS Payments 72

Fintech News

MAY 21, 2024

Swift has announced a major upgrade aimed at improving the cross-border payment experience for corporate customers. The financial messaging network will extend ISO 20022 across the entire payment chain and provide banks with ready-to-use tracking services.

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ISO 20022 Cross-Border Payments Cross-Border ISOs 113

Fintech Finance

OCTOBER 17, 2024

Swift today published new data which reveals continued progress towards meeting the G20’s goal for the speed of cross-border payments, reporting that 90% of cross-border payments made over the Swift network reach the destination bank within an hour.

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Cross-Border Payments Cross-Border SWIFT ISO 20022 98

PYMNTS

OCTOBER 1, 2020

SWIFT , a global provider of secure financial messaging, announced a new service Thursday (Oct. 1) that promises to improve the experience for small and medium-sized businesses (SMBs) and consumers who send low-value payments across borders. SWIFT said this latest improvement is another building block for its new strategy.

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Cross-Border Payments Cross-Border SWIFT Payments 113

Fintech Finance

OCTOBER 14, 2024

The collaboration progresses a strategic relationship the two organisations announced in October 2022, and reflects a commitment by Swift, GSS and the GSS Advisory Board, comprising 35 of the world’s leading financial institutions, to reduce inefficiency in the global payments ecosystem.

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Cross-Border Payments Cross-Border SWIFT Innovation 97

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.

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

The Fintech Times

MAY 28, 2025

This dual licensing enables the company to offer cross-border payment services that integrate traditional fiat currencies with blockchain-based stablecoin transfers. This is a major leap in making global money movement truly borderless, said Kebbie Sebastian, founder and CEO of Merge.

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Stablecoins Regulations Cross-Border Payments Multi-Currency 106

VISTA InfoSec

DECEMBER 19, 2024

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides secure and reliable communication networks for over 11500 connected financial institutions to facilitate cross-border payments and securities transactions. What is SWIFT CSP, and why it was introduced?

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SWIFT Cybersecurity PCI DSS Compliance 173

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. and Ireland at SWIFT. . 10) press release.

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Cross-Border Payments Cross-Border SWIFT Wire Transfer 104

Fintech Finance

OCTOBER 16, 2024

Swift today announced that it is rolling out new AI-enhanced fraud detection to help the global payments industry step up its defence as bad actors grow increasingly sophisticated. Available from January 2025, the service is the result of extensive collaboration with banks from around the world and a successful pilot earlier this year.

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Cross-Border Payments Cross-Border SWIFT AI 98

Fintech Finance

OCTOBER 22, 2024

Temenos today launched a SaaS enterprise service for cross border payments, empowering Payment Service Providers (PSPs), including banks, electronic money institutions (EMIs) and fintechs, to swiftly launch and lower the cost of cross border payment services.

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Cross-Border Payments Cross-Border SWIFT Message Standards 98

Finextra

SEPTEMBER 9, 2024

Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments.

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Cross-Border Payments Cross-Border Stablecoins SWIFT 98

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.

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

Fintech News

JUNE 11, 2024

Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment accounts, and e-money services. Customers can receive funds in up to 33 different currencies via SWIFT and local payout rails.

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Cross-Border Payments Cross-Border Payment APIs and Integration Payments 117

Fintech News

OCTOBER 28, 2024

This helps to reduce payment failures, operational inefficiencies, and compliance risks in cross-border payments. With payment failures costing the global economy an estimated US$118.5 Designed for businesses and individuals, Nium Verify allows instant confirmation of bank account details before transactions.

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Cross-Border Payment APIs and Integration Cross-Border Payments Verification 107

The Fintech Times

APRIL 29, 2025

Banks, digital wallets and remittance businesses will now have an easier time sending money to Uzbekistan as Paysend , the digital payment network extends its cross-border payment facilities. Over two million Uzbeks live abroad and remittances hit $2.5billion in Q1 2024 alonean 8.6

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Cross-Border Payments Cross-Border Payment APIs and Integration API 45

Payments Source

DECEMBER 2, 2020

After tests with several banks that established Swift's ability to connect its Global Payments Initiative faster payments rail to domestic networks, the financial and messaging standards organization is activating the service in the U.K.

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Cross-Border Payments SWIFT Cross-Border Message Standards 116

Fintech Finance

MARCH 26, 2025

licensed digital bank offering a vertically integrated suite of traditional and digital asset banking and custody services, today announced its successful launch of its SWIFT code: ITTLPRS2XXX. This strategic milestone is significant for FV Bank clients as it expands inbound wire options alongside stablecoin-based payment rails.

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SWIFT Global Payments Cross-Border Payments Cross-Border 64

PYMNTS

SEPTEMBER 17, 2020

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. 16) that its cross-border platform will be retooled to enable financial institutions to deliver instant transactions. SWIFT said the planned platform will leverage its reach across more than 11,000 institutions in 200 countries.

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Cross-Border SWIFT Cross-Border Payments API 139

Payments Source

OCTOBER 1, 2020

Swift is working with more than 20 banks in its network to test a service designed to help consumers and small and medium-size companies send low-value cross-border payments with the same speed and transparency benefits larger banks enjoy on Swift rails.

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SWIFT Small Business Faster Payments Cross-Border Payments 113

Fintech News

JUNE 4, 2024

This partnership will integrate Mastercard Move , a comprehensive suite of money transfer solutions, into Temenos Payments Hub. Mastercard Move’s solutions facilitate secure and swift international money transfers, offering cost-effective options to route and deliver funds through Mastercard’s extensive global network.

Cross-Border Payments 109

Cross-Border Payments Cross-Border Visa Payment APIs and Integration 109

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). In this case SWIFT it may not be necessary, because it will be a different kind of technological interaction,” Skorobogatova said during a virtual meeting, per RT.com.

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Central Bank SWIFT Digital Currency CBDC 142

The Paypers

DECEMBER 10, 2021

Global provider of secure financial messaging services SWIFT has announced the translation availability for its ISO 20022 customer testing environment for cross-border payments.

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ISO 20022 Cross-Border Payments Cross-Border ISOs 78

Finextra

MAY 30, 2024

Banking co-operative Swift is working with global banks on AI pilots to tackle cross-border payments fraud.

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SWIFT Cross-Border Payments AI Cross-Border 119

Fintech Finance

APRIL 24, 2024

The replacement RTGS system, slated for readiness in August 2024, makes support for ISO 20022 a prerequisite for all international payments from the SWIFT deadline. The shift in cross border payments is the first step in what will become a broader adoption of the ISO 20022 standard in the payments environment as a whole.

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ISO 20022 Cross-Border Payments ISOs Cross-Border 145

VISTA InfoSec

DECEMBER 19, 2024

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides secure and reliable communication networks for over 11500 connected financial institutions to facilitate cross-border payments and securities transactions. What is SWIFT CSP, and why it was introduced?

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SWIFT Cybersecurity PCI DSS Compliance 130

Payments Source

FEBRUARY 11, 2021

Pelican, a provider of payments and artificial intelligence technology, is supporting Swift's development of a new service for low-cost cross border payments across its Global Payments Initiative and high-speed rails.

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SWIFT Cross-Border Payments Cross-Border Payment Initiation 113

Fintech Finance

NOVEMBER 8, 2024

Nium , the leading global infrastructure for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers.

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Cross-Border Payments Cross-Border ISO 20022 Payment APIs and Integration 98

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.

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

PYMNTS

DECEMBER 2, 2020

Belgium-headquartered payments solution provider SWIFT is introducing a new service for real-time cross-border payments and transfers called gpi Instant. He added that SWIFT’s gpi Instant targets four main issues: “speed, security, transparency and compliance.” Global payments routed to the U.K.

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SWIFT Cross-Border Cross-Border Payments Faster Payments 102

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.

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Cross-Border Payments Cross-Border Stablecoins SWIFT 81