Remove Facilitators Remove Interoperability Remove ISO 20022
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Finastra Boosts Its Payments Processing Strategy with Fed Certification for ISO 20022

Fintech Finance

Finastra , a global provider of financial software applications and marketplaces, today announced it has completed testing and certification through the Federal Reserve for ISO 20022, becoming one of the first vendors in the industry to complete the process for multiple solutions.

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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. Richer Data With A Little Help From Our Friends .

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Finastra Facilitates Connection of Swiss Banks in Readiness for New SIC Instant Payments Service

Fintech Finance

Using Finastra’s cloud-based Service Bureau offering, Swiss banks can seamlessly transition to facilitating instant interbank payments. It is expected that the 50 largest banks must be able to facilitate instant interbank payments in Switzerland and Liechtenstein by August this year.

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Predicting growth for clearing houses and scheme operators in 2024

Finextra

As payment markets evolve, further progress hinges on open access facilitated by infrastructure modernisation. We explore the significance of interoperability and the prioritisation of standardisation to enhance cross-border transactions.

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The Challenges And Benefits Of ISO 20022 Migration

PYMNTS

The ISO 20022 messaging standard has been seen as a potential way of achieving the latter, and has been drawing increasing global attention. ISO 20022 introduced a range of data fields that allow transactional details to be remitted along with payments. Interoperability And Adoption . Hurdles And Supports .

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Smarter Payments Tracker Eyes Interoperability

PYMNTS

In the latest Smarter Payments Tracker , PYMNTS takes a deep dive into the challenge of interoperability in achieving better cross-border payments services and experiences. Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its Wednesday (July 31) announcement.

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Finastra’s 24/7 Instant Payment Service Offers Real-Time Sanctions Screening

The Fintech Times

Facilitating connectivity to SIC Instant Payments, and any critical payments infrastructure of this kind, reflects our commitment to supporting banks on their broader payment modernisation journey – helping them to work in a more agile way and deliver value-added services to customers.” .