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UK Banks Urged to Act Now Ahead of New Cross-Border Payments Legislation ISO 20022 to Prevent Exclusion from International Payment Networks

Fintech Finance

With just over 18 months to go until the ISO 20022 compliance deadline, leading Quality Engineering company, Roq , is urging UK financial institutions to take the necessary measures now to finalise their plans and focus on the execution of a programme that is, by all published metrics, some way behind the curve.

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Live Oak Bank Implements Finzly’s Fedwire Solution

Finovate

Finzly’s technology enables 100% straight-through processing (STP) and will help ensure the bank is compliant with upcoming ISO 20022 regulations. The deployment enables 100% straight-through processing (STP) and facilitates the bank’s compliance with upcoming ISO 20022 compliance requirements ahead of schedule.

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ISO20022: The big shift to structured addresses

Finextra

Soon, ISO 20022, a messaging standard designed to improve how payments are processed and communicated, will become the global norm. ISO 20022 was introduced in 2004 and has since been part of a long and complex journey to improve international payment messaging. Now, it looks good on paper.

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AusPayNet's High Value Clearing System migrates to ISO 20022

The Paypers

Australian Payments Network (AusPayNet) has successfully adopted the ISO 20022 message standard.

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Mastercard Reduces Cloud Onboarding Time by Up to Four Times

Fintech News

It also supports integration with modern payment technologies, such as ISO 20022-based Transaction APIs, and offers private, seamless connectivity across the region. Scott Mullins “The AWS Regions across Asia Pacific offer Mastercard extensive connectivity and secure cloud services.

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Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

Bottomline helps financial institutions modernise their payments infrastructure and enable multi-rail connectivity, while also supporting their readiness for industry-wide mandates and initiatives such as ISO 20022 and those similar to Project Nexus. We call it a “spaghetti” network, and that’s exactly what Nexus helps avoid.

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Nium Offers Swift Connectivity for Faster Cross-Border Payments

Fintech News

Nium, a global payments infrastructure provider, announced that financial institutions can now connect to its real-time payments network using their existing Swift infrastructure. This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable.