Remove Facilitators Remove Interoperability Remove Message Standards
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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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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. In its announcement , SWIFT noted that this standardization will be especially impactful for high-value corporate payments within the correspondent banking sphere.

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

The Fintech Times

“Finastra is helping banks implement instant payments in the most seamless and cost-effective way using the latest technologies to deliver robust sanctions screening and fraud prevention,” said Andreas Helbling, country head Switzerland, financial messaging marketplaces at Finastra.

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

Fintech Finance

The certification, which enables and supports compliance to ISO 20022 messaging standards for Fedwire, applies to four of Finastra’s payment processing solutions, facilitating increased innovation for financial institutions across the United States.

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The Challenges And Benefits Of ISO 20022 Migration

PYMNTS

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . More precise payment information could also facilitate quick, straight-through processing. . Hurdles And Supports .

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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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The Collaborators – And Rivals – Of Blockchain

PYMNTS

16), is with Yes Bank, which will leverage HashCash’s HC NET blockchain network to deploy a corporate payments solution that can facilitate cross-border transactions. The promise of the technology on paper is great, but it is currently missing a key component around standardization.