SAP and Goldman Sachs target global payments innovation on Ariba Network
by Ben Poole
The pair aim to make it simpler and less costly for buyers to pay foreign suppliers in local currencies.
International Payments
Background
Although, for most companies, cross-border/cross-currency payments make up less than 5% of all payments, they can represent a major proportion of payment costs when the FX conversion costs (which make…
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CTMcast - 5 March 2020: Review of key recent posts and Coronavirus crisis
by Jack Large
Jack and Ben reviewed last week's stories and the Coronavirus crisis with Kyriba's Bob Stark
SWIFT gpi traffic up to US$77 trillion in 2019
by Ben Poole
Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi.
Greenwich leaders in both European and Asian large corporate banking and cash management announced
by Ben Poole
Challenges for European companies creates opportunities for corporate banks, while commoditisation shifts the Asian landscape.
Golden insights from ACT’s cash management conference
by Jack Large
Problems to come from: lack of capacity in corporate treasury departments and no single API standards setter??
Vroozi and Stratas to automate purchasing and accounts payable in the UK and Ireland
by Ben Poole
The strategic partnership aims to equip mid-market organisations to grow profitably through automation.
SWIFT to host open API hackathon in Africa
by Ben Poole
The hackathon is open to developers working in the financial sector across Africa to identify new solutions for cross-border payments.
What is next for Swift’s booming global payments innovation service?
by Jack Large
Extending global coverage, new international instant payments functionality and stop/recall service
Airwallex and Visa debut ‘borderless’ business card
by Ben Poole
#BusinessCard #B2BPayments #VirtualCards @airwallex @VisaNews
RAKBANK and Mastercard launch suite of corporate payment solutions
by Ben Poole
The product suite includes a corporate purchase card, corporate executive T&E card and B2B virtual card.
Real-time cross-border payments tracking a reality with Standard Chartered
by Ben Poole
SC GPI Track, a portal to trace all cross-border payments, arrives ahead of November's SWIFT payments confirmation mandate.
Visa and TransferWise expand access to cross-border payments
by Ben Poole
TransferWise to implement Visa Direct for international money transfers in Europe.
International digital money transfer transactions to reach 2 billion by 2024
by Ben Poole
The prediction would see volumes almost double in the next five years.
MAS, J.P. Morgan and Temasek develop blockchain-based prototype for multi-currency payments
by Ben Poole
The payments network will provide interfaces for other blockchain networks to connect and integrate.
Firms confident despite trade tensions, HSBC survey finds
by Ben Poole
Nearly half of companies are more optimistic than they were in 2018, despite uncertainty over US-China trade relations and Brexit.
EBA calls on the European Commission to facilitate the scaling up of cross-border payments services
by Ben Poole
The EBA report identifies potential impediments to the cross-border provision of banking and payment services in the EU.
Flywire provides Bank of America clients enhanced access to cross-border payments and receipts
by Ben Poole
Flywire’s offering streamlines cross-border transactions for the bank’s higher education and corporate franchise.
Swift gpi ‘Request-to-pay’ will bring global benefits
by Jack Large
Proof of concept development by banks and corporates in Swift gpi roadmap shows huge potential, but how long will it take to deliver?
BitPay to support XRP for payment processing and cross-border transfers
by Ben Poole
BitPay wallets are to start supporting storage and purchase using XRP.
Day 1 - SIBOS 2019 blows bankers minds
by Jack Large
Brian Cox with his talk on cosmology and fintechs with their attitudes and speed of innovation
AFP survey finds cheque use for B2B payments drops to a new low
by Ben Poole
The research also finds 72% of finance professionals think that APIs will have the greatest impact of all emerging technologies.
Speeding up and reducing cost of executing cross-border payments
by Jack Large
Deutsche Bank joins Interbank Information Network to minimize friction in the ancillary payments processes
Travelex launches API-enabled B2B platform
by Ben Poole
Travelex Business includes cash management, cross-border payment and retail currency conversion features.
Wells Fargo to pilot internal settlement service using distributed ledger technology
by Ben Poole
Wells Fargo Digital Cash is designed to drive operational efficiencies such as longer operating windows and real-time processing.