Remove Correspondent Bank Remove Global Payments Remove Payment Solutions
article thumbnail

SWIFT Stands Behind Its Global Payments Innovation Initiative

PYMNTS

All of this has occurred as the company has continued to expand the pilot phase of its global payments innovation (gpi) initiative, thus far signing on dozens of major financial institutions to an effort aimed at streamlining cross-border payments. Region Stacy Rosenthal didn’t speak directly of Ripple’s swipes.

SWIFT 75
article thumbnail

Small Firms Demand Higher Speed, Lower Costs In Global Payments

PYMNTS

Only a few years ago, small businesses lagged in global payments technology uptake. A 2016 report from HSBC found that a “lack of international business experience and knowledge” held small business owners back from global expansion and, therefore, from the adoption of global payment solutions.

article thumbnail

Crypto Goes After Intercompany B2B Payments

PYMNTS

Subsidiaries based in different countries, with different bank accounts, are obliged to send funds to each other using existing payment rails,” Lazarichev said in a recent interview, adding that traditional global payments tools take several days to complete. “In Cross-Border Payments Friction.

B2B 67
article thumbnail

Nium Expands Operations in Latin America, Accelerating Global Real-Time Payments in the Region

Fintech Finance

Nium , the global leader in real-time cross-border payments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. Nium has been present in the region dating back to 2017.

article thumbnail

AscendantFX Integrates With Fiserv’s WireXchange

PYMNTS

“Our success, as an organization, is built on our international payments expertise in the world of corporate and financial institutions payments,” AscendantFX’s global payments solutions vice president, Dan Caputo, said.

article thumbnail

BS2 Bank Chooses Nium to Support Global FX Settlements and Real-Time Payouts

Fintech Finance

BS2 will use Nium’s Global FX product to lower FX costs and provide more real-time payouts between Brazil and popular trading corridors with China and the UAE. ” Nium’s banking network is comprised of global banks, national banks, and payment service providers, to provide a versatile and robust payment product suite. .

article thumbnail

For Corporates, Cross-Border Payments Innovation Isn’t All About Speed

PYMNTS

Increasingly, the financial services industry is targeting sluggishness in corporates’ cross-border payments, too, through technologies like blockchain and the development of faster payment rails around the globe. Some solution providers like Ripple are introducing new ways to bypass the correspondent banking system entirely.