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BPC Aims to Help Banks Turn ISO 20022 Compliance Into a Strategic Advantage With New Guide

The Fintech Times

In its latest white paper, ‘ ISO 20022 Migration 101: Steps and Strategies for Banks ‘, BPC offers a guide tonavigating one of the most critical transitions in the global financial ecosystem: the shift to ISO 20022 messaging standards.

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Time For B2B Payments To Get Standardized, Says Nordea

PYMNTS

A new report from financial services company Nordea says corporates are waiting for their banks and other FinServ providers to standardize payment processes. But, researchers explained, each bank that works with thousands of its own customers will prefer to use its own payment format, usually developed internally.

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Global Cross-Border Payments Expected To Grow, But Challenges Remain

PYMNTS

Recent American Express research found that greater transparency is one of the top priorities for firms that regularly make international payments. Last month, SWIFT released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions.

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Banks to Use Generative AI to Meet Instant Payments Project Challenges

Fintech Finance

New research from RedCompass Labs , a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility.

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Smarter Payments Tracker Eyes Interoperability

PYMNTS

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. Across the pond, meanwhile, the U.S.’s

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6 Fintech Resources in Asia to Read in Preparation for 2024

Fintech News

With data gathered from over two million fraud attempts across 224 countries and territories, Sumsub’s Identity Fraud Report 2023 breaks down the changing yet pervasive outlook for identity scams this year.

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Chase, AFP Applaud B2B’s Shrinking Check Use

PYMNTS

PYMNTS research released last October in the “ Bringing Corporate Payments Out of the Dark Ages ” webinar revealed 64 percent of B2B payments are made with checks, despite consumer payments’ acceleration toward electronic tools. The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions.

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