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.

FinTech 124

FinTech Cross-Border Cross-Border Payments ISO 20022 124

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? .

Fed 75

Fed Instant Payments 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.

Process 49

Process ISO 20022 Cross-Border Payments Payment Message 49

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.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

PYMNTS

AUGUST 1, 2019

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

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

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.

SWIFT 43

SWIFT ISO 20022 Blockchain Liquidity Management 43

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.

Instant Payments 52

Instant Payments Payment Solutions ISO 20022 FedNow 52

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.

Use Case 56

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

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. Interactions between banks, FIs and businesses could become highly fragmented without such standards. A More Transparent Process.

Cross-Border Payments 54

Cross-Border Payments Cross-Border ISO 20022 Interoperability 54

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.

ISO 20022 40

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

Real Time Payments 44

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

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.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

Fintech Finance

APRIL 30, 2025

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. 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.

ISO 20022 97

ISO 20022 ISOs SWIFT Financial Inclusion 97