article thumbnail

J.P. Morgan: Tech Uncovers New Liquidity Management Opportunities

PYMNTS

In pursuit of instant cash management and visibility, treasurers' modernization efforts have been underway for some time, with the global coronavirus crisis greatly accelerating those initiatives as liquidity management has become even more vital to the enterprise's overall health. But they need to be planned for.".

article thumbnail

SWIFT Set To Shutter Data Matching Tool TSU

PYMNTS

Payments messaging company SWIFT is gearing up to close its Trade Services Utility (TSU), a workflow engine aimed at facilitating value-added supply chain services. Reports in Global Trade Review (GTR) on Monday (April 8) said SWIFT will switch off its TSU in December 2020.

SWIFT 73
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Orbital Partners With ClearBank Europe to Bridge Real-Time Euro Payments Across SEPA and Stablecoins

Fintech Finance

Cross-border payments using rails like SWIFT are too expensive, too slow, and too opaque for enterprises trading with and across Europe. This complex infrastructure creates major challenges around reconciliation, counterparty identification and liquidity management for corporate treasury teams.

article thumbnail

Cross-Border Real-Time Payments Make Tangible Progress as Over 50% Consumers Use Them, Says GlobalData

Fintech Finance

Not only are they considered superior to traditional methods because of their speed, but these services are typically available 24/7, reduce transaction costs, and ease liquidity management for businesses.

article thumbnail

SWIFT Reveals Success, Future Challenges Of Blockchain PoC

PYMNTS

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 43
article thumbnail

PCBB and Finzly Partnership Boosts International Payment Services

Fintech Finance

Integrating with PCBB’s payment services means access to straight-through processing of foreign wire transfers, Swift GPI tracking, and enhanced transparency into payment statuses. As a result, Finzly customers can process international wires faster, more easily, and with greater efficiency for a seamless cross-border payment experience.

article thumbnail

TAS Group joins SWIFT CBPR+ Ready Solutions

The Paypers

TAS Group , a provider of digital payments, liquidity management, and financial messaging software solutions, has joined joins SWIFT CBPR+ Ready Solutions.

SWIFT 36