Visa chief downplays banks’ push for real-time payments
by Graham Buck
Al Kelly says he is unconvinced real-time payments will take off and asks: “Does the consumer really need the funds that much faster?"
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…
Read moreCLS Settlement and Netting now used by 100 large MNCs
by Jack Large
CLS appoints new CEO to open up new chapter in CLS
Facebook plans 2020 launch of cryptocurrency
by Graham Buck
The social media giant plans to establish a digital payments system in a number of countries in the first quarter of next year.
Fintechs gain favour for B2B payments processing
by Graham Buck
Around three in four banks are seeking to leverage fintech solutions for payments-related services, reports Bottomline Technologies.
CULedger, R3 partner on blockchain for cross-border payments
by Jack Large
The US credit union service organisation is to launch CU Pay, an electronic funds transfer product, early next year.
Swift trials real-time cross border payments via Tips
by Graham Buck
The network launches a Europe cross-border instant payment test via its gpi service and the TARGET Instant Payments Settlement platform
Nordea extends we.trade blockchain platform to SMEs
by Graham Buck
Nordea is opening up the co-developed platform to smaller businesses after pilot customers used it for the first live trades last July.
MAS, Bank of Canada blockchain trial promises cross-border payment gains
by Graham Buck
The successful experiment by the two central banks could make cross-border payments faster and more efficient.
BELLIN first TMS provider to enable SWIFT gpi within Lite2
by Jack Large
Swift’s roll out of their new gpi business applications framework continues
Western Union partners with Philippines fintech on cross-border payments
by Graham Buck
The US financial services giant will integrate Coins.ph’s mobile wallet into its cross-border payments platform.
Swift group to develop ISO 20022 guidelines for cross-border payments
by Graham Buck
A working group of payments experts will aim to develop a common set of standards that can be introduced globally.
HSBC uses Voltron blockchain platform for live LC
by Graham Buck
A letter of credit transaction between Australia and China used the trade finance platform, which officially launched last October.
World Bank hails cross-border payments initiatives
by Graham Buck
Ripple’s xRapid and Circle Pay have encouraged JP Morgan, Swift and Visa to be more innovatory, says the financial institution.
Taulia adds AI capability to its supply chain platform
by Graham Buck
The working capital solutions provider says that the new technology aggregates a range of data on supplier behaviour.
Western Union partners with Thunes on cross-border payments
by Graham Buck
The partnership is a further boost for Stellar’s blockchain, which will be used to accelerate digital payments between banks.
APEXX global payments marketplace launches in Russia
by Graham Buck
The single marketplace for global payments announced that Russia’s three largest banks are now part of its network.
MAS to embrace blockchain for international payments
by Graham Buck
Singapore’s central bank has confirmed its commitment to using the new technology under ‘Project Ubin’.
IBM blockchain and Stellar partner on cross-border banking
by Graham Buck
IBM Blockchain World Wire aims to accelerate foreign exchange, cross-border payments and remittances.
10 Impacts of a “No Deal” Brexit
by Brian Shanahan, Founder & CEO , Informita
Prepare for the worst and hope for the best
BNY Mellon offers FX and multi-currency product
by Graham Buck
The newly-launched SmartPay Global offers both FX payments and global payments services.
Standard Bank develops global payments blockchain platform
by Graham Buck
The South African bank is also working with shareholder and partner ICBC to extend the private permission-based ecosystem into China.
Germany’s N26 eyes South America market with Brazil launch
by Graham Buck
The challenger bank is already preparing to enter the US market shortly.
Global risk assessment predicts more geopolitical tensions and protectionism
by Graham Buck
Multinationals must contend with growing geopolitical tensions, protectionism and trade disputes, warns Marsh.
Kyriba joins Citi for faster payments via API integration
by Graham Buck
Kyriba said its API integration with Citi will give clients access to faster payments, more transparency and better standardisation.