Correspondent Correspondent Bank Cross-Border 
PYMNTS
SEPTEMBER 1, 2020
More money crossing borders digitally. Fewer correspondent banks to move that money. For instance, the number of active correspondent banks fell about 23 percent in advanced economies, but as much as 41 percent in developing nations. And the hallmark of that money movement — a lack of transparency and speed.
PYMNTS
OCTOBER 15, 2020
Cross-border payments are a necessary, yet often frustrating part of the world economy, with international transactions prone to overlapping government regulations, excessive fees and slow processing times. The rising global value of cross-border payments has been slowed somewhat by the ongoing pandemic.
Fintech Finance
OCTOBER 21, 2024
Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments. Fully compatible with existing correspondent banking arrangements between respondents and correspondents.
PYMNTS
APRIL 15, 2020
For foreign payment service providers looking to facilitate cross-border B2B payments into China, the correspondent banking model often remains the only route to facilitate clearing and settlement. “Getting correspondent bank accounts is the biggest challenge every payment service provider is facing.
Finextra
JUNE 19, 2024
Taking to the stage on the second and final day of EBAday in Lisbon, Portugal were Erik Frantz, executive director, financial institutions – banks, CaixaBank; Roisin Levine, head of UK and Europe partnerships, Wise Platform; Rafael Linde, head, international development and global relationship management, Cecabank; Dean Sposito, head of institutional (..)
The Fintech Times
NOVEMBER 8, 2024
Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients. UBS Digital Cash looks to facilitate timely payment processing to combat this.
The Fintech Times
OCTOBER 21, 2024
Payments giant Mastercard has launched a new cross-border payments solution in a move to simplify operations, optimise liquidity, reduce counterparty risk and provide end-to-end visibility for banks and their customers.
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