Fintech Finance

OCTOBER 17, 2024

Broadridge’s Instant Payments Service utilises the Swift Alliance Gateway Instant (AGI), which offers a highly resilient infrastructure designed specifically to support instant payments messages, connecting with SwiftNet Instant to offer 24/7 availability and continuous and efficient exchange of instant transactions.

Instant Payments

The Fintech Times

FEBRUARY 21, 2024

Having reflected on what the top priority is for businesses looking to enter the cross-border payments space, we now turn our attention to the future, and how the sector will evolve in 2024. ” The post How Will the Cross-Border Payments Space Evolve in 2024?

Cross-Border Payments

PYMNTS

SEPTEMBER 20, 2018

As noted by Regulation Asia , SGQR is being adopted by 27 payment schemes across the nation. Separately, SWIFT said it is launching a pre-validation service that will let customers discover and fix the errors that might delay payment messages before they are sent to recipients.

SWIFT

PYMNTS

JUNE 24, 2019

Payments messaging firm SWIFT will allow blockchain companies to connect into its global payments innovation (gpi) platform, SWIFT said in its latest report on the future of payments. The initiative follows a collaboration between SWIFT and R3 that was announced in January, reports noted.

SWIFT

PYMNTS

NOVEMBER 27, 2019

Further, one of the largest benefits to corporates of faster and real-time payments services is less about the speed and more about the data these networks are able to carry along with a transaction. ISO 20022’s path to ubiquity could serve as a model for faster payments technologies’ own adoption journeys.

ISO 20022

PYMNTS

JANUARY 13, 2017

Financial messaging firm SWIFT made its first public embrace of blockchain technology last year with a whitepaper exploring the use of the technology for smart contracts. 12) said SWIFT will launch a proof-of-concept test to explore the use of blockchain technology for cross-border payments and settlements by banks.

SWIFT

PYMNTS

AUGUST 15, 2019

The growing traction of faster payments continues, especially across a cross-border backdrop. In news reported by MoneyControl.com, SWIFT, the payments messaging giant, is reportedly looking at testing instant international settlements with local networks in India to speed transactions and make them more transparent.

Settlement

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

PYMNTS

APRIL 23, 2018

Payments messaging company SWIFT is hoping to launch real-time payments services in the Asia Pacific region, according to Verdict reports on Friday (April 20). SWIFT gpi , launched last year, provides financial institutions with infrastructure to facilitate transparent, faster cross-border payments.

Real Time Payments

PYMNTS

JULY 9, 2020

There’s no single path to payments infrastructure innovation. This week’s examination of the latest initiatives to target B2B payments friction from the ground up finds a mix of strategies. For some, like Currencycloud and Steamchain, the path involves bypassing legacy payment rails and embracing blockchain.

ISO 20022

PYMNTS

APRIL 9, 2020

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard.

Payment APIs and Integration

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.

ISO 20022

PYMNTS

AUGUST 16, 2019

Many are choosing to implement ISO 20022 as a common messaging standard to achieve greater interoperability between payment systems, with the system seeing more than 80 implementations in over 40 markets, including with TCH’s RTP system in the U.S. innovations. and Australia’s NPP. Challenges Aren’t Universal.

Cross-Border Payments

PYMNTS

JUNE 15, 2018

A new deal involving SWIFT and 10 Chinese banks represents the latest move in the global competition to facilitate cross-border payments. In a statement , the payments messaging company said the financial institutions (FIs) “have gone live” with the SWIFT Global Payments Innovation (GPI) initiative.

SWIFT

PYMNTS

OCTOBER 17, 2018

New Payments Platform (NPP) Australia , the nation’s real-time payments service that went live earlier this year, is now seeking collaboration from FinTech firms and developers through the launch of a developer sandbox. Reports in the Australian Financial Review ( AFR ) on Wednesday (Oct.

API

PYMNTS

NOVEMBER 22, 2016

Axis’ participation in Earthport’s network is its latest effort to stay on the cutting edge of global payments and FinTech.

Cross-Border Payments

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. How Cross-Border Payments Are Made. Companies sending cross-border payments want to see where funds are in the payment process and don’t have time to manually intervene.

Cross-Border Payments

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

The Fintech Times

OCTOBER 19, 2024

Through its new Instant Payments Service, Broadridge supports real-time money transfers, operating constantly, with transaction processing times of under 10 seconds from payer to beneficiary. ” The post New Broadridge Financial Solutions Service Enables Businesses to Benefit From Instant Payments appeared first on The Fintech Times.

Instant Payments

PYMNTS

AUGUST 21, 2019

.” Australia’s real-time payments service went live in early 2018 and sought collaboration from FinTech firms and developers through the launch of a developer sandbox.

Payment APIs and Integration

PYMNTS

APRIL 6, 2016

Payments messaging firm SWIFT is looking to gain support for its global payments initiative 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. “The

Cross-Border Payments

Fintech News

DECEMBER 10, 2023

The challenge in international payments primarily revolves around ensuring data accuracy at every step of the payment chain. Edward spoke of the pivotal role of data and technology in creating and validating payment messages. In APAC, financial inclusion has emerged as a driving force behind digital innovation.

Addressing

PYMNTS

JUNE 16, 2016

The interbank messaging firm SWIFT has had a rough few months. Cyberattackers were able to steal $81 million from the Bangladesh central bank by compromising the SWIFT messaging system , forcing the company — and financial services players everywhere — to take a renewed look at payments security measures.

Security

PYMNTS

JUNE 22, 2016

Last January, the bank was part of a group of financial institutions that signed onto SWIFT’s global payments innovation initiative , an effort to streamline cross-border payments via the SWIFT payments messaging network.

Cross-Border Payments

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. SWIFT’s payment messaging standards are similarly boosting transparency in the movement of money around the world, he said.

Risk

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. in its faster payments initiatives. “It

ISO 20022

PYMNTS

AUGUST 28, 2019

With newer digital, automated payment technologies emerging in the B2B space, businesses continue to stick to what’s familiar: paper. It can sometimes appear that the pace of FinTech innovation far outpaces corporates’ FinTech adoption. Speaking The Same (Payments) Language.

ISO 20022

PYMNTS

SEPTEMBER 22, 2017

Months prior, the bank also said it joined SWIFT’s global payments innovation initiative, an effort that focuses on innovation in the cross-border payments space using the SWIFT payments messaging network with a focus on faster payments and data collection.

Cross-Border Payments

PYMNTS

DECEMBER 17, 2019

M10 facilitates real-time, intra-bank transfers and cross-border remittances, as well as Internet of Things (IoT) and B2B payments, “with no counterparty risk and at a lower cost than existing rails.”. Payment rails are undergoing significant innovation, a trend that promises to continue into the 2020s in various areas.

Central Bank

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

PYMNTS

MAY 28, 2016

Summer used to be a slower time of the year, but in this fast-paced world called payments and commerce innovation, there’s no rest for the weary, at least not for those who don’t want to be irrelevant a few years from now. The SWIFT messaging system has not been hacked into from the outside. Happy Summer.

Bitcoin

PYMNTS

NOVEMBER 19, 2019

As payments professionals seek to remove friction from the payments experience, they must also be mindful of the impact security has on the process. “We We need to implement the right controls based on the innovations, and the enhancements that are happening in the markets,” McNulty said.

Fraud Prevention

Fintech Labs Insights

OCTOBER 16, 2016

Organized by SWIFT, Sibos is considered to be the world’s premier financial services event covering areas such as payments, securities, cash management, and trade. Interestingly, Ripple recently hired former SWIFT board member. Sibos 2016 Celebrates the Blockchain. So what was big at Sibos 2016 this year? InsurTech Rising.

EMV

PYMNTS

SEPTEMBER 24, 2019

For today’s payment service providers, accelerating payments across borders means either developing new infrastructure, or making use of existing rails, to move money around the world. Below, PYMNTS looks at the latest news in cross-border payments innovation as industry players complete, collaborate and innovate.

SWIFT

PYMNTS

JUNE 7, 2018

Competition in the cross-border payments market is on the rise as blockchain firm Ripple and payments messaging company SWIFT vie for market leadership. The company also launched a partnership earlier this year with Spain’s Banco Santander to develop a cross-border payments service based on XCurrent.

Cross-Border Payments

PYMNTS

JULY 1, 2019

The rise of the global economy and the demand for swift and secure cross-border payments is driving the development of more efficient infrastructures, and spurring financial institutions (FIs) to experiment with emerging tech. Canadian payments network Interac has experimented with blockchain for consumer payments.

Cross-Border Payments

PYMNTS

MAY 24, 2018

SWIFT announced Thursday (May 24) that 25 percent of all SWIFT cross-border payment traffic is being sent over the global payments innovation — or gpi — in the 15 months since the service was rolled out. That enables gpi banks to track all SWIFT payment instructions at all times.

Cross-Border Payments