PYMNTS

MARCH 9, 2018

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation and more. The PoC includes 34 banks, each with their own node in SWIFT’s DLT sandbox.

SWIFT 43

SWIFT ISO 20022 Blockchain Liquidity Management 43

PYMNTS

MARCH 21, 2017

For a few years the corporate banking space has been discussing the potential for ISO 20022 to streamline payments, with industry forces like SWIFT and SEPA promoting its adoption. But, according to Nordea, obstacles remain for ISO 20022 to take off as a payments messaging standard and provide corporates the efficiency they need.

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ISO 20022 ISOs B2B Message Standards 77

PYMNTS

JULY 9, 2020

There’s no single path to payments infrastructure innovation. And still for others, like InstaReM, payments innovation involves a mix of infrastructure. Below, PYMNTS rounds up the top stories in payment rail innovation. SWIFT Certifies Fiorano ISO 20022. InstaReM Expands BizPay.

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

PYMNTS

SEPTEMBER 11, 2019

According to the Real-Time Payments Innovation Playbook , 26 percent of cross-border businesses rely on international wire transfers, while the next most common method is by paper check (20 percent). One-third of companies surveyed in the Real-Time Payments Innovation Playbook planned to implement them within the next three years.

Cross-Border Payments 76

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

Fintech News

DECEMBER 10, 2023

Towards this end, financial software company ti&m is aiding its clients who are innovators in incorporating ChatGPT into banking and regular activities. Customers are quickly embracing these AI-driven LLMs, but banks are cautiously advancing, prioritising data protection.

FinTech 126

FinTech Cross-Border ISO 20022 Cross-Border Payments 126

The Fintech Times

JULY 20, 2024

On Thursday 18 July, the CHAPS system, used by UK high-street banks and lenders to send money to one another, experienced an outage, caused by a glitch related to the global network Swift. This has included using new technology and messaging standards (ISO 20022) to improve performance, data quality and operational efficiency.

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Payments Mitigation Cybersecurity ISO 20022 122

PYMNTS

MARCH 14, 2019

And there, Kohli said, innovation is helping corporates adapt to and manage these global risks. The rise of third-party payment providers, and the opportunity for traditional institutions to collaborate with them, has also opened doors for cross-border payments innovation. Treasurers’ Biggest Worries.

Global Payments 77

Global Payments Cross-Border Payments Cross-Border ISO 20022 77

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has taken recent steps to promote interoperability of its payments network, recently announcing that it would allow blockchain platforms to loop into SWIFT’s global payments innovations (GPI) service to facilitate real-time transactions.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

MARCH 16, 2016

When analysts from SWIFT and its ISO 20022 Registration Authority took a look at the various efforts behind adoption of the global messaging standard in 2014, a report found that while implementation projects were on their way across Europe, Russia and Africa, among the laggards were the U.S. and Canada.

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ISO 20022 ISOs Message Standards Cross-Border 40

PYMNTS

AUGUST 13, 2019

Financial messaging service provider SWIFT , for one, recently tested an effort to send money instantly between countries’ real-time payment systems. While the Federal Reserve dives into domestic faster payments, other players have been working to accelerate money globally.

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

JUNE 16, 2020

The containers are uniform and standardized even though they hold a broad range of items. In terms of transport, the ISO 20022 messaging standards can be likened to the cargo containers where different variations of payment data can be transported in each message. “So,

ISO 20022 72

ISO 20022 B2B Cross-Border ISOs 72

The Payments Association

FEBRUARY 14, 2025

In line with SWIFT and ECB timelines by November, a considerable portion of European cross-border and certain domestic payments must adopt ISO 20022 messaging standards. The November deadline marks a crucial milestone, after which many European payment flows must conform to the new standard.

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ISO 20022 Payment APIs and Integration ISOs Central Bank 100

PYMNTS

NOVEMBER 2, 2017

But there are some positive forces at work, too, that encourage treasurers to become progressive, innovation-embracing figures within the enterprise, said Davey. Two innovations in the financial services space in particular are helping treasurers take on their more strategic roles within their organizations, he said. “It

Risk 40

Risk Innovation Treasury Treasury Management 40

PYMNTS

AUGUST 28, 2019

It can sometimes appear that the pace of FinTech innovation far outpaces corporates’ FinTech adoption. One of the most prominent payment industry trends to support real-time payments adoption is the focus on ISO 20022 payment message standardization, said Cooley. Speaking The Same (Payments) Language.

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ISO 20022 B2B Real Time Payments ISOs 52

PYMNTS

SEPTEMBER 23, 2019

Open banking is incentivizing banks to open up data in ways to promote product innovation and industry competition, but financial institutions stand to gain significantly from leveraging the data they hold. Empowerment Through Data.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

SEPTEMBER 7, 2017

This includes the implementation of ISO 20022 messaging standards across organizations like NACHA and SWIFT. Other payments initiatives and innovations like faster payments could help promote the end-to-end digitization of payments, the Fed noted.

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Fed Federal Reserve Cross-Border Payments Cross-Border 49