Fintech News

AUGUST 8, 2024

As the industry evolves, adopting robust standards like ISO 20022 becomes crucial for driving these benefits. B2B payments service provider Bottomline ‘s on-demand webinar, “Championing Swift Connectivity for Private Banks and Asset Managers in APAC,” explores these critical developments in depth.

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ISO 20022 APACS SWIFT ISOs 128

PYMNTS

NOVEMBER 27, 2019

Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business. The ISO 20022 payments messaging standard — and faster payment networks’ adoption of it — has proven to be a significant value-add to financial service providers’ faster payments offerings.

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ISO 20022 Cross-Border Payments ISOs Cross-Border 117

The Fintech Times

JULY 15, 2024

Finastra’s 24/7 instant payment service, which includes real-time sanctions screening and fraud prevention, processes transactions within seconds and will continue to evolve to meet changing demands. Gareth Lodge, principal analyst at advisory firm Celent, says banks face significant challenges in meeting instant payments deadlines.

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Instant Payments ISO 20022 Fraud Prevention Message Standards 72

PYMNTS

OCTOBER 2, 2019

Some of them have been mandated by governments, readying for anticipated demand. The increased use and adoption of P2P technologies, like Zelle and Venmo, demonstrates the consumer demand for this type of frictionless payment option. The Messaging Factor — And Getting The Message Out. Particularly in the U.S,

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C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

AUGUST 16, 2019

Consumers and businesses have grown accustomed to having various speedy services available on demand — they can order food, request car rides or send money all from their smartphones. Some FIs are also turning to blockchain-based solutions to improve transparency and interoperability.

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Cross-Border Payments Cross-Border ISO 20022 Interoperability 54

The Fintech Times

JULY 20, 2024

This involves re-engineering the architecture towards modular, microservices-based frameworks, enhancing interoperability, and investing in robust cybersecurity. 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

NOVEMBER 18, 2020

He said the movement toward standards – particularly the messaging standard ISO 20022 and its marriage of data to payment flows – will enable banks to help their clients reduce manual reconciliation and expand their own businesses. But the Federal Reserve has its own horse in the race, called FedNow , which is on the horizon.

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Real Time Payments ISO 20022 Reconciliation Payments 98

PYMNTS

JANUARY 25, 2019

We might be at a tipping point in the market, [in which] the market just demands faster payments,” said Matt Richardson, head of product solutions at Citizens Bank. . The rail was built on the ISO 20022 messaging standard, which sends data and payments together. However, the current payments environment in the U.S.

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Real Time Payments Federal Reserve RTP Fed 67

PYMNTS

AUGUST 1, 2018

The number of scheme participants rose from 13 to 21 within the last decade, system oversight has been passed to the New Payments Systems Operator (NPSO) and merchants have increasingly expressed demand for ways to be paid faster — thus creating new use cases for the payments rail. The Customer Dispute Challenge.

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Faster Payments Real Time Payments Payments Online and Mobile Banking 40

The Payments Association

APRIL 14, 2025

It distils complex legislative changes into strategic insights, outlining whats in force, whats imminent, and what demands forward planning. What unites these developments is a clear directional shift: towards stricter standards, faster implementation timelines, and greater scrutiny across all points of the payment value chain.

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Regulations ISO 20022 Cross-Border Legal 88