Industry roundup: 9 February
by Kylene Casanova
Veriton AI partnership, Cybersecurity combats risk, Finxact acquired, Paylt partners with Toronto, Ascenda and Visa partner, transitioning from LIBOR
International Bill Payments
Background
The cost of collecting cross-currency payments - setting up currency accounts, FX conversion costs (can be as high as 200 bps or more) and the processing charges - can be 3-5% + of the value of the…
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OpenTreasury #14 - Ripple partners with Modulr, China’s digital yuan launched, digital dollar design initiated, and KeyBank launches cloud-first banking solution.
by Kylene Casanova
Ripple & Modulr partner, Chinas digital yuan launched, digital dollar design, KeyBank launces cloud-first banking solution
Industry roundup: 4 February
by Kylene Casanova
digital yuan & Olympics, AI and cross-border payments, compliance solutions for fintechs, and digital banking expansion
Industry roundup: 17 January
by Graham Buck
East analyses Asia cross-border payments; BNP Paribas seeks new low-cost location; BoA upbeat on Solana; Safe; Indifi-GPay union offers digital credit
Industry roundup: 23 December
by Graham Buck
SEC proposes further money market fund reforms; SWIFT eyes expansion into digital assets; US waiting game for cross-border payments and more
Industry roundup: 16 December
by Graham Buck
HSBC details plans to end coal financing; New landmark for digital yuan; Western Union in Ukraine team-up
SWIFT outlines blueprint for 2022
by Graham Buck
The financial messaging services provider announces “ambitious plans to accelerate adoption of its new services across the global financial community”
Cross-border payment fraud a growing headache
by Graham Buck
Six in 10 businesses in the US and the UK report that it is a continual risk, reports PYMNTS.com and Worldpay B2B Payments in their latest bulletin
Industry roundup: 2 December
by Graham Buck
Standard Chartered US$100m fund targets Gulf markets; Square changes name to Block; User testing starts for T2; Verto joins forces with Banking Circle
Singapore and the Philippines further cross-border payments
by Graham Buck
A co-operation agreement between the Monetary Authority of Singapore and the Bangko Sentral ng Pilipinas builds on an earlier CA from 2017
Industry roundup: 8 November
by Kylene Casanova
Ransomware attacks on rise, cryptocurrency and compliance more critical as digital payments gain popularity, cross-border payments and fintechs
Industry roundup: 19 October
by Graham Buck
News in brief: Mastercard and Previse unite on cross-border payments; India's BSE moves to T+1 settlement; DP World trade finance platform
McKinsey Global Payments Report 2021 - It’s the questions, stupid
by Jack Large
Are you going to get stuck in or are you going to get out of the business? Anything else is a waste of time.
EBA Clearing, SWIFT and TCH trial instant cross-border payments
by Graham Buck
EBA Clearing, SWIFT and TCH have completed a proof of concept for instant cross-border payments
Worldline to provide WhatsApp Business API services
by Jack Large
Worldline’s messaging solutions will build and automate conversations between businesses and clients worldwide through WhatsApp
What corporates want from request to pay
by Ben Poole
A survey conducted by the Euro Banking Association and PPI has identified four key use cases for the payments messaging framework.
SWIFT reveals its low value cross-border payments play
by Ben Poole
SWIFT Go enables SMEs and consumers to send payments anywhere in the world directly from their bank accounts.
How 5G will shake up global payments and benefit businesses
by Ben Poole
Verizon Business and Mastercard are partnering to bring 5G to the global payments industry.
Singapore and French central banks break new ground in CBDC experimentation
by Ben Poole
First multi-CBDC experiment to apply automated market making and liquidity management capabilities for cross-border payment & settlement efficiencies.
Where treasurers see the value in request to pay
by Ben Poole
A Euro Banking Association report surveyed corporates from 20 countries to see how their companies would use request to pay.
HSBC multi-currency wallet aims to simplify international payments
by Ben Poole
The bank says its new solution lets businesses "pay like a local" in foreign currencies.
Mastercard advances multi-rail strategy to modernise business payments
by Ben Poole
The payments giant has added account-to-account and global card payments functionality to its Mastercard Track Business Payment Service.
Optimising cash & collections in the new COVID-19 normal
by Jack Large
Automating accounts receivables processing and management
SWIFT pilots service for low value cross-border payments
by Ben Poole
The move follows last month's announcement it will expand beyond financial messaging to provide transaction management services.