The Fintech Times

FEBRUARY 20, 2024

By breaking down silos, fostering interoperability, and enabling rapid development and deployment of new services, API-based microservices architecture empowers banks to deliver seamless, integrated experiences across channels and touchpoints. This approach offers banks the flexibility and scalability they need to thrive.

Facilitators 59

Facilitators API Interoperability Innovation 59

PYMNTS

SEPTEMBER 23, 2016

SWIFT is the latest FinTech player to perk up at the thought of using distributed ledger technology for business transactions. SWIFT’s report explored how the market would approach standardization of these technologies and how to apply previous standardization initiatives to this process. In an announcement on Thursday (Sept.

SWIFT 76

SWIFT Interoperability Facilitators Legal 76

Fintech News

SEPTEMBER 17, 2024

This impressive growth has been driven by various factors, the report says, including the swift expansion of digital infrastructure, the widespread popularity of the United Payments Interface (UPI) and other digital payment instruments, as well as changing consumer preferences towards digital transactions.

Digital Payments 97

Digital Payments Credit Cards Payments Online and Mobile Banking 97

PYMNTS

AUGUST 15, 2019

Deep Data For Swift, Secure Payments . More precise payment information could also facilitate quick, straight-through processing. . Interoperability And Adoption . ISO 20022 is becoming more prominent, but many FIs must adopt it before its interoperability can be fully realized. Hurdles And Supports .

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

OCTOBER 17, 2018

17) said NPP Australia, along with payments messaging firm SWIFT , is launching the sandbox via application programming interfaces (APIs) that will allow startups and FinTech developers to integrate NPP’s real-time payments functionality into their own solutions. “We really want to play a facilitation role there.

API 59

API Payment APIs and Integration Real Time Payments Overlay Service 59

Fintech Finance

JULY 4, 2024

The chancellor should ensure the UK fintech industry interoperates globally, attracts inwards investments, delivers high-skilled jobs and capitalises on the opportunity of delivering growth for the new digital economy. This might involve creating a UK crypto hub, learning from the EU’s MiCA and other similar legislations around the world.

Scams 98

Scams Payments Interoperability Governance 98

Fintech News

FEBRUARY 19, 2024

Efforts are also underway globally to establish bilateral or multilateral payment linkages between countries to improve cross-border payment interoperability. ” As global trade continues to evolve, cross-border payments and various forms of money movement remain a vital component, impacting businesses and consumers alike.

Cross-Border 110

Cross-Border Cross-Border Payments Multi-Currency Payment APIs and Integration 110

The Fintech Times

MARCH 26, 2024

We aim to keep our clients at the cutting edge, facilitating quicker routes to revenue and nurturing deeper customer relationships. Moreover, as financial institutions, fintechs, and governments work to develop alternative payment methods and e-wallets, interoperability becomes crucial.

Innovation 59

Innovation Alternative Payment Methods Payments SWIFT 59

Fintech News

FEBRUARY 14, 2024

The paper discusses the contrasting trajectories of digital payments and digital trade finance, noting that cross-border payments have achieved rapid digitalization and benefited from a horizontal solution like Swift GPI. The report emphasizes the need for integrated digital solutions and the importance of standards and interoperability.

Finance 120

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 120

Fintech Finance

JUNE 18, 2024

Swift today published the findings of research that shows Small and Medium Enterprises (SMEs) in the European Union feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve their cashflow, and increase their competitiveness. Research was conducted from 18-29 April 2024. [ii]

Instant Payments 97

Instant Payments SWIFT Cross-Border Payments Cross-Border 97

PYMNTS

SEPTEMBER 11, 2019

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.

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

PYMNTS

AUGUST 30, 2018

As more companies go global and engage in cross-border trade, these rails will face increased demand to efficiently deliver money, and there will be a growing need for the adoption of a common protocol to improve interoperability between payment systems, opening doors for new players to expand their reach.

Same Day ACH 40

Same Day ACH Cross-Border ACH SWIFT 40

PYMNTS

JANUARY 17, 2018

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. There is clear value in re-using established business definitions and facilitating interoperability amongst DLT implementations, which this project will demonstrate.”.

Blockchain 46

Blockchain ISO 20022 ISOs SWIFT 46

The Fintech Times

JUNE 19, 2024

Small and medium enterprises (SMEs) across the European Union currently feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve cashless, as well as their competitiveness; according to new research by financial messaging network Swift.

Instant Payments 59

Instant Payments SWIFT Cross-Border Payments Regulations 59

EBizCharge

JULY 18, 2024

EDI payments streamline the payment process, reduce human error, minimize manual data entry, and facilitate faster funds transfers between banks. EDI payments are a direct way to facilitate electronic funds transfer specific to business transactions, ensuring that the flow of financial data is seamless and secure.

ACH 52

ACH Transactions Payments Funds Transfer 52

Fintech News

AUGUST 23, 2024

Over the four-day event, more than 750 expert speakers will participate in 300+ sessions covering a wide range of topics, including AI, digital currencies, tokenization, ISO 20022, environmental, social and governance (ESG) standards, embedded finance, interoperability, and compliance.

APACS 124

APACS FinTech Participant ISO 20022 124

PYMNTS

APRIL 5, 2017

As digital payments evolve, Mastercard is committed to building partnerships with technology players like Samsung to help banks and other partners offer interoperable solutions with safe and frictionless user experiences.

Visa 43

Visa Point-of-Sale (POS) Interoperability Non-Bank 43

The Fintech Times

MARCH 20, 2024

Making everyone feel welcomed in China Xie Dong , Vice Mayor of Shanghai , said that payment is the foundation of the economy and finance, and plays a crucial role in facilitating people’s lives, optimizing the business environment, and building a thriving consumer market.

Use Case 59

Use Case Online and Mobile Banking Governance Government 59

Nanonets

MARCH 13, 2024

OCR for invoices streamlines processing, facilitating cost tracking, inventory management, and supply chain optimization. OCR for invoices facilitates processing, ensuring accurate billing, cost allocation, and regulatory compliance in the utility sector.

Payment APIs and Integration 52

Payment APIs and Integration Automation API Use Case 52

Nanonets

APRIL 24, 2024

Investor Confidence : Thorough bank reconciliation audits instill confidence in investors and creditors regarding the financial health and transparency of the organization, thereby attracting investment and facilitating business growth.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

Nanonets

MARCH 8, 2024

This deluge of paper poses a logistical nightmare and hinders the swift and accurate retrieval of crucial information. This digitization process facilitates easier storage, retrieval, and sharing of crucial healthcare information. Text Extraction One of the primary functions of OCR is to extract text from scanned documents or images.

Automation 52

Automation API AI Use Case 52

M2P Fintech

AUGUST 25, 2023

The balance replenishment can be done online only with AFA (Additional Factor of Authentication) Offline payments are expected to create a level playing field for people from all sections of society while increasing interoperability among multiple stakeholders involved in a payment cycle.

Financial Inclusion 52

Financial Inclusion Digital Payments Online and Mobile Banking Payments 52

Fintech News

JANUARY 15, 2024

Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants., designed to align with the country’s vision of a seamless, accessible, and interoperable payments ecosystem. Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants.,

Interoperability 111

Interoperability Cross-Border Payments Financial Inclusion 111

Fintech News

JUNE 4, 2024

Mastercard Move’s solutions facilitate secure and swift international money transfers, offering cost-effective options to route and deliver funds through Mastercard’s extensive global network. This partnership will integrate Mastercard Move , a comprehensive suite of money transfer solutions, into Temenos Payments Hub.

Cross-Border Payments 101

Cross-Border Payments Cross-Border Visa Payment APIs and Integration 101

PYMNTS

JANUARY 24, 2019

News from SWIFT on Wednesday (Jan. Per an announcement, SWIFT said that through 2018, it facilitated an average of 31 million messages daily — which, on an annual basis, was up 11 percent from 2017, and represents a 56 percent increase through the past five years. SWIFT has, in recent months, claimed a 99.9

SWIFT 62

SWIFT Volume Cross-Border Cross-Border Payments 62

PYMNTS

DECEMBER 10, 2019

There are the traditional hurdles that any transaction faces, including the cost of facilitating that payment, and the speed with which that transaction completes. But when transactions occur across borders, new friction points emerge, particularly around the areas of interoperability, transparency and compliance. In the U.S.,

Cross-Border 52

Cross-Border B2B Cross-Border Payments Interoperability 52

Nanonets

SEPTEMBER 8, 2023

The sender's bank transmits a message through a secure messaging service like SWIFT or Fedwire. NACHA for ACH and government-run rails like FedWire & Swift for Wire. It is possible to cancel a wire transfer before it clears, although the clearance process can be pretty swift, often taking minutes.

Wire Transfer 52

Wire Transfer Wires Wire ACH 52

PYMNTS

JANUARY 22, 2021

I always advocate for treasurers to focus not just on what products the banks can provide, but how those products have been built, because it's that interoperability that's going to offer flexibility for the future,” said Schwartz. A Forward-Looking Strategy.

Liquidity Management 103

Liquidity Management Treasury Interoperability SWIFT 103

PYMNTS

AUGUST 30, 2018

This demand for efficient payments has propelled the emergence of several payment rail networks, each designed to help facilitate and accelerate the delivery of funds, including those offered by the Automated Clearing House (ACH) network, Fedwire and The Clearing House. While the U.S. About the Tracker.

Cross-Border 40

Cross-Border Cross-Border Payments Same Day ACH Instant Payments 40

PYMNTS

DECEMBER 18, 2019

Reports in The Japan News said that MUFG and Recruit are collaborating on a possible digital currency with the potential to facilitate B2B payments, and with plans to launch their joint venture in the first half of next year. The solution will first facilitate electronic funds transfers (EFTs), which move over ACH rails.

B2B 52

B2B Credit Union Electronic Funds Transfer (EFT) RTP 52

The Fintech Times

FEBRUARY 19, 2024

As e-commerce growth continues to surge, merchants are looking for fast, adaptable, and secure payment facilitation on a global scale. For years, banks and payment providers have had to rely on SWIFT in Europe to transfer funds which can be costly and time-consuming. BIS Aurum) and interoperability solutions (e.g,

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

Nanonets

APRIL 30, 2024

While APIs do allow some level of interoperability, the extracted data often needs to be converted into a suitable format that might often require manual intervention - e.g. preparing a CSV file to import CRM data into Salesforce. The final extracted data needs to be sent to a downstream business software or stored in a database.

AI 52

AI Due Diligence Automation Use Case 52

PYMNTS

FEBRUARY 7, 2020

. “A payment network like ACH is on the local level,” he told PYMNTS in a recent interview, highlighting the struggle for national payment infrastructure to facilitate global transactions. “Utilizing a cross-border service like SWIFT has a few shortcomings. “The world is becoming more complex.” ”

Volume 40

Volume B2B Cross-Border On-Demand 40

PYMNTS

MAY 28, 2018

Their actions were so swift the network was never able to regroup. Hall feels the most challenging part is portability, or achieving interoperability with a single strong identity that is valid anywhere. Countless civilian deaths were prevented. The Problem with Identity Verification.

Credential 43

Credential Verification Authentication Interoperability 43

Finovate

JULY 12, 2024

The technology will enable Affin Bank to process 20%+ more transactions, and enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards. Okapi Technologies , a Malaysian startup that facilitates financing for solar energy projects, raised an undisclosed amount of funding late last month.

ISO 20022 45

ISO 20022 PCI DSS Payments Online and Mobile Banking 45

M2P Fintech

MARCH 28, 2024

Automated Clearing House (ACH) The ACH is a central system for electronic fund transfers, facilitating swift, secure, and cost-effective movement of funds between financial institutions. Unlike widely accepted open-loop systems like Visa, they offer limited interoperability.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

Nanonets

FEBRUARY 28, 2024

Data reconciliation ensures decision-makers are equipped with trustworthy data, facilitating the analysis of trends and patterns for strategic planning and execution. It addresses discrepancies that might occur due to system integrations, upgrades, or migrations, thereby enhancing data interoperability and system harmony.

Reconciliation 52

Reconciliation Process Audit Compliance 52