Fintech News

JUNE 12, 2024

Participants reflected on the progress made to date, discussed potential opportunities and challenges, and shared lessons learned from their respective journeys. As multilateral platforms scale, the governance framework must evolve to keep up with changes in board participation, voting rules, regional representation, and economic models.

Cross-Border Payments 113

Cross-Border Payments Cross-Border Interoperability Payments 113

Fintech Finance

JULY 11, 2024

All active participants in the Swiss customer payment transactions system via SIC are expected to be capable of processing incoming customer payments instantaneously by the end of 2026. It is based on the ISO 20022 messaging standard which Switzerland has been using for several years.

Instant Payments 108

Instant Payments Facilitators ISO 20022 Message Standards 108

The Fintech Times

JULY 17, 2024

. “GDF serves the digital asset community as an open innovation and standards platform and we welcome the opportunity to partner with industry leaders like GLEIF, to help set and better promote standards that enable a better integrated, efficient and interoperable digital financial system for all market participants.”

Best Practices 113

Best Practices Interoperability Message Standards Legal 113

The Fintech Times

JULY 15, 2024

By August 2023, the 50 largest banks in S witzerland must be capable of processing instant interbank payments, with all participants in the Swiss customer payment system expected to achieve this capability by the end of 2026.

Instant Payments 72

Instant Payments ISO 20022 Fraud Prevention Message Standards 72

Fintech News

AUGUST 8, 2024

In the dynamic financial landscape of the Asia-Pacific (APAC) region, private banks, asset managers, fund managers, and other capital market participants are increasingly recognising the pivotal role of Swift connectivity. It is also essential to collaborate on interoperability between traditional finance and tokenised/digital assets.

ISO 20022 122

ISO 20022 APACS SWIFT ISOs 122

PYMNTS

NOVEMBER 27, 2019

The ISO 20022 payments messaging standard — and faster payment networks’ adoption of it — has proven to be a significant value-add to financial service providers’ faster payments offerings. The world is moving more toward standards, and ISO is one of them,” said Halpin.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

AUGUST 16, 2019

Although there are more efficient cross-border transactions being enabled, several roadblocks are still in the way, including payment tracking and issues with interoperability between market systems. This segment is expected to increase as more small and medium-sized businesses (SMBs) participate in the global economy.

Cross-Border Payments 54

Cross-Border Payments Cross-Border ISO 20022 Interoperability 54