Remove Cash Management Remove Interoperability Remove ISO 20022
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SWIFT Readies ISO 20022 For X-Border Payments

PYMNTS

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. “Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its announcement.

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FPC 2024 Fall Member Meeting

Faster Payments Council

Financial Institutions are enabling use cases and improving send reach that allows customers to manage their cash on hand and easily disburse payments up to the due date while maintaining a positive account status and avoiding late fees. Speakers: Laura Sullivan, Form3; Kenneth T.P.

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Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

In June, the Chinese digital payment player Alipay and a handful of European mobile wallets announced a partnership to promote QR code payment interoperability. In July, SWIFT released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions.

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Visa’s Phalen: Better Collaboration Will Push B2B Payments Into The Digital Age

PYMNTS

Tech-driven Interoperability and collaboration will finally bring trillions of dollars into the digital age, Kevin Phalen , head of global business solutions at Visa , told Karen Webster in a recent interview. Interoperability will get a boost with messaging standards such as ISO 20022.

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Global Payments In Crosshairs Of Treasurers’ Biggest Challenges

PYMNTS

” Corporate cash managers may not be able to control many of those challenges, like ongoing geopolitical instability resulting in trade tensions and financial market volatility, or the rising threat of cyberattacks. . “We live in times of great uncertainty and great change,” said Kohli.

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Top 10 Fintech Events to Attend in APAC in H2 2024

Fintech News

Over the four-day event, more than 750 expert speakers will participate in 300+ sessions covering a wide range of topics, including AI, digital currencies, tokenization, ISO 20022, environmental, social and governance (ESG) standards, embedded finance, interoperability, and compliance.

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Top 6 Banking Trends That Is Roaring Throughout Asia in 2025

Fintech News

Transaction banking, which includes cash management and trade finance, has also been pivotal in driving growth and deepening client relationships across Asia. All of this can be made possible by lowering barriers to entry for new players and promoting interoperability. However, their role is undoubtedly evolving.