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As a common business language for the financial marketplace, ISO 20022 is firmly positioned as a unifier for new and contrasting FinTech innovations, such as Distributed Ledger Technology (DLT), Smart...
Major transformations in payments and settlements have occurred in generations. The first generation was paper-based. Delivery times for payment instruments took several days domestically and weeks in...
Cross-border payments are more than moving money from one country to another. It’s also about making payments safe, efficient, and compliant with regulations, and the data about the payment that must ...
Cross-border payments are becoming faster, but friction remains, slowing some payments down. Will the industry ever achieve 100% STP (straight-through-processing) rates in cross-border payments? The ...
Any TMS morning starts with updating and reconciling the cash positions across accounts by a daily upload of electronic bank statements (MT 940, 942..). This financial reconciliation focuses on balanc...
Historically, much of the data linked to payments has been underused (or not at all used) — in large part because processing systems were not set up to extract and operationalize this data. AML and Sa...
A key advantage of correspondent banking as a global payment system is that it can reach almost any account in the world. Customer experience has also improved in recent years, with payments becoming ...
Payments systems have always been complex but critical parts of the banking world. Over the last decade, the payments environment has become much more dynamic, creating even greater challenges for fin...