PYMNTS

MARCH 21, 2017

According to Nordea research, a quarter of corporates say their largest payments challenge is a lack of standardization across formats between banks — and 60 percent said this is one of their top three challenges. Enter: ISO 20022. But perhaps the most complex chlalenge is awareness.

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ISO 20022 ISOs B2B Message Standards 77

Fintech Finance

NOVEMBER 12, 2024

Banks worldwide are juggling multiple, multi-year, multi-million-dollar modernization projects, such as ISO 20022, SEPA Instant in Europe, and FedNow and RTP in the US. Over nine in ten (91%) banks now consider payments modernization a high priority, but research shows most are struggling to meet demands. The choice is ours.

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ISO 20022 AI FedNow RTP 98

PYMNTS

SEPTEMBER 29, 2020

Separately, research finds B2B payments as the key driver behind surging instant payments volume in the years ahead. According to a new report from Juniper Research , Western Europe is a world leader in this market and will continue to drive adoption of instant payments, according to the report.

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Instant Payments B2B Innovation ISO 20022 129

Faster Payments Council

AUGUST 23, 2024

2:20pm-3:00pmMT: Concurrent Breakout Session – The Power of ISO 20022: Unlocking Efficiency and Global Reach in Payments (Capitol Ballroom 7) The world of payments is undergoing a major transformation with the adoption of ISO 20022. We will wrap up with an interactive session for feedback on our research efforts.

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FPC ISO 20022 Federal Reserve Instant Payments 128

Fintech Finance

JANUARY 11, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.

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Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

PYMNTS

AUGUST 16, 2019

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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Cross-Border Payments Cross-Border ISO 20022 ISOs 81

The Fintech Times

OCTOBER 24, 2024

The survey also revealed that 50 per cent of banks are still in the process of adopting the ISO 20022 standard, which is gaining traction across the financial services sector. Meanwhile, 25 per cent said they are not ready to comply with these deadlines at all.

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Instant Payments ISO 20022 Fraud Detection ISOs 59

The Payments Association

JANUARY 22, 2025

Combine digital ID, AI and new rich data standards like ISO 20022, and I’m excited to see what can be done. You can find more insights from our research expert, Oliver Jackson, here. Imagine buying an airline ticket, being onboarded, and checking out in one click. Thats smart, convenient and secure.

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Security Online and Mobile Banking Credential Verification 88

Fintech Finance

SEPTEMBER 10, 2024

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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Instant Payments AI ISO 20022 Payments 111

PYMNTS

AUGUST 1, 2019

More recently, SWIFT also announced new guidelines for financial institutions to adopt the ISO 20022 payments messaging standard, a way to streamline communication and transmission of data between service providers to facilitate cross-border transactions in a more efficient manner. Across the pond, meanwhile, the U.S.’s

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Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

AUGUST 21, 2020

” Research into digital payments, of course, is nothing new for the Fed — and as Cunha offered by way of example, a few years ago his bank published research that found value in mobile payment tokenization. It’s not about going to production.” To get there, interoperability is key, said Cunha.

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CBDC Fed Federal Reserve ISO 20022 107

PYMNTS

OCTOBER 15, 2020

There may be some tailwind, he said, as recent research has shown that the coronavirus can live for weeks on banknotes and other surfaces. Standards, such as ISO 20022 are critical to fostering interoperability, they agreed (Scola pointed to SWIFT gpi, a standard for global payments, as an example).

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Real Time Payments NACHA SWIFT TCH 125

PYMNTS

SEPTEMBER 12, 2019

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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AFP Checks ISO 20022 Cross-Border 51

Fintech News

DECEMBER 10, 2023

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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FinTech Cross-Border Cross-Border Payments ISO 20022 124

PYMNTS

SEPTEMBER 23, 2019

The industry push for SWIFT’s ISO 20022 adoption continues to encourage financial institutions to adopt the payments messaging standard for more efficient transmission of transaction data, which can have particular impact for high-value cross-border B2B payments.

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B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

MARCH 9, 2018

In an announcement on Thursday (March 8), SWIFT said its DLT (distributed ledger technology) PoC for Nostro reconciliation went “extremely well,” according to SWIFT Head of Research and Development Damien Vanderveken in a statement.

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SWIFT ISO 20022 Blockchain Liquidity Management 43

PYMNTS

AUGUST 7, 2020

Drilling down a bit into why real-time payments are taking on more urgency for retailers, Brainard said research showed that households “with the least liquid resources” — marked by relatively lower income and savings — boosted their spending starting on the day they received emergency-relief payments. A Liquidity Boost? .

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Instant Payments Fed FedNow Interbank Settlement 75

PYMNTS

FEBRUARY 7, 2018

These points of friction lead companies to miss out on more than $5 billion in savings, researchers said. Payments Canada highlighted the potential in adopting the ISO 20022 payments messaging standard as a way to enrich transaction data.

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Process ISO 20022 Cross-Border Payments Payment Message 49

The Fintech Times

MAY 28, 2024

The portion we’ve set aside for research and development will also allow us to grow the platform’s capabilities in fraud and error prevention, bank statement data and reconciliation automation, and ISO 20022 data transformation.

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ISO 20022 Payment APIs and Integration ISOs Finance 59

PYMNTS

AUGUST 16, 2019

Recent research found that access to greater visibility is one of the top priorities for firms that regularly make international payments. A More Transparent Process. The study surveyed 300 treasury professionals involved in international business across several industries and found that 64 percent want real-time tracking capabilities.

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Cross-Border Payments Cross-Border ISO 20022 Interoperability 54

Fintech Finance

FEBRUARY 27, 2024

This partnership prepares financial institutions (FIs) to effectively respond to payments industry changes, such as the evolution of ISO 20022 messaging standards and the launch of the FedNow Service.

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Instant Payments Payment Solutions ISO 20022 FedNow 52

PYMNTS

APRIL 20, 2016

SWIFT maintains in the paper that more research is needed in order to make determinations over whether DLT systems would be fully interoperable with existing, legacy infrastructure; and whether DLTs work well across multiple counterparties.

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SWIFT ISO 20022 IRS Regulatory Compliance 40

PYMNTS

JULY 2, 2019

PYMNTS research found that 82 percent of businesses said real-time payments could resolve many of their existing payment challenges. The newer real-time payment systems around the world, he added, will conform to the ISO 20022 standard, enabling the movement of rich data with the funds. In addition, standards are emerging.

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RTP Real Time Payments Visa ISO 20022 68

PYMNTS

OCTOBER 18, 2017

Temenos recently released research with Ovum, the “ 2017 Transaction Banking Survey: Challenges & Imperatives of Real-Time Payment and Liquidity ,” that found 80 percent of corporate treasurers are exploring their options and considering switching banking providers if it means they’ll gain access to better, value-added services.

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ISO 20022 Risk Management Real Time Payments On-Demand 49

PYMNTS

NOVEMBER 3, 2020

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. China Touts Proprietary Digital Currency.

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Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

The Payments Association

NOVEMBER 12, 2024

However, many banks are struggling to keep up with these demands; according to research by 10x Banking , global banks are losing one in five (20%) of their customers due to poor customer experience, with two-thirds (64%) of senior decision-makers recognising that slow digital transformation is driving this customer loss.

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Online and Mobile Banking Non-Bank ISO 20022 On-Demand 88

PYMNTS

MAY 3, 2016

The worldwide adoption of the ISO 20022 payments messaging standard, too, was cited as a major facilitator of upgrades and changes in banks’ payments infrastructure and practices, researchers found.

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ISO 20022 Real Time Payments Payments Non-Bank 40

PYMNTS

NOVEMBER 20, 2019

billion in unpaid medical expenses each year, according to PYMNTS’ research. . Electronic messaging standards, such as ISO 20022, could also repair healthcare’s reconciliation issues. This unintended side effect of the ACA has caused $7.5

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Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payer 44

PYMNTS

OCTOBER 13, 2017

Our research shows that the impact of technology advances on jobs will be felt more profoundly by some groups than others, with education level a key differentiator,” Jon Andrews, head of technology and investments at PwC UK, said in the report, as quoted in Computer Weekly. The tailwind will come in part via ISO 20022 messaging.

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Cross-Border ISO 20022 Automation Cryptocurrency 46

PYMNTS

OCTOBER 6, 2017

Fides’ new solution was announced the same week the EuroFinance Corporate Treasury Network released new research on corporate treasurers and their demands for technology. Our highly integrateable, single platform can process payments of all formats through the optimal channels to the corporation’s global banking partners.”.

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Treasury Treasury Management Message Standards ISOs 57

PYMNTS

MARCH 19, 2019

What we know from research is your payment information tells more about you than any other data — and it shows how you spend your money and where, and on what. He pointed to ISO 20022, a universal financial industry messaging scheme that can work with current financial system infrastructures and hasten the development of new ones. (As

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ISO 20022 ISOs Payments Online and Mobile Banking 86

Fintech Finance

APRIL 30, 2025

BPC , a global leader in payment solutions, today announced the launch of its latest white paper, ISO 20022 Migration 101: Steps and Strategies for Banks. The white paper provides a comprehensive guide to navigating one of the most critical transitions in the global financial ecosystem: the shift to ISO 20022 messaging standards.

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ISO 20022 ISOs SWIFT Financial Inclusion 97

The Fintech Times

NOVEMBER 14, 2024

According to new research from payments modernisation firm RedCompass Labs , 91 per cent of banks worldwide are juggling multiple, multi-year, multi-million dollar modernisation projects, however, many are struggling to meet modernisation demands. The choice is ours.

ISO 20022 59

ISO 20022 AI FedNow RTP 59

The Fintech Times

APRIL 3, 2025

Following its research, RS2 reveals the pitfalls of traditional ‘patch and upgrade’ approaches, which often leave banks with fragmented, siloed platforms incapable of providing the seamless, data-driven services that todays customers expect.

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ISO 20022 Innovation AI Fraud Detection 52