Remove Cross-Border Remove Interoperability Remove Remittance Data
article thumbnail

The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

According to Tom Halpin, head of payment products at HSBC , faster and real-time payment services don’t only provide the value of speed for corporate clients, especially in the context of cross-border transactions. Progress in Tackling Cross-Border Payments Friction. Progress in Tackling Cross-Border Payments Friction.

ISO 20022 117
article thumbnail

SWIFT: The Road To ISO 20022 Adoption

PYMNTS

PYMNTS recently spoke with Saqib Sheikh, global head of SWIFT’s ISO 20022 program, to learn more about SWIFT’s commitment to assist the financial community in the transition to the new standard in cross-border payments: ISO 20022. In 2004, financial institutions around the world had had enough. A Gradual Move With Big Benefits.

ISO 20022 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Global Data Reporting Pioneer Kani Payments Gets Ready for ISO 20022

Fintech Finance

The move comes as part of its offering to simplify reconciliation and enhance data standardisation for its global payments client base. ISO 20022 is the global messaging standard for financial messages, designed to enable interoperability between financial institutions and other market players.

ISO 20022 105
article thumbnail

The Challenges And Benefits Of ISO 20022 Migration

PYMNTS

Justin Ferrabee, chief operating officer of Canadian payments clearing and settlement system operator Payments Canada, told PYMNTS in a recent interview that reliable data is also key to supporting anti-money laundering (AML) and know your customer (KYC) compliance efforts. . Interoperability And Adoption . Hurdles And Supports .

article thumbnail

The Canadian Case For ISO 20022

PYMNTS

That’s probably sound advice for any market hoping to achieve faster, more efficient payments — especially cross-border — by adopting a unified payments messaging system. According to Lindsay, more than 90 percent of payments data elements are already a part of the ISO 20022 Data Dictionary.