Fintech Finance

JANUARY 11, 2024

The Practicalities of Cross-Border Payments in a Faster Payments World also highlights the challenges faced by fintech companies, providing insights into regulatory compliance, security, foreign exchange rate risks, lack of transparency, high costs, interoperability, data privacy, competition with financial institutions, and liquidity management.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

PYMNTS

OCTOBER 1, 2019

If merchants get their funds faster, that lets them manage liquidity and inventory in a more efficient way, with positive ripple effects up and down supply chains, Ramsey added. Better liquidity management benefits the B2B side of commerce, too, and faster payments also carry a wealth of information.

ISO 20022 69

ISO 20022 Faster Payments FedNow ISOs 69

PYMNTS

APRIL 9, 2019

TSU was launched by SWIFT in 2007 to promote the digitization of trade and supply chain processes, including liquidity management, cash flow forecasting and trade finance programs. However, reports said, the solution didn’t work as seamlessly as intended.

SWIFT 73

SWIFT ISO 20022 Payment Message Liquidity Management 73

PYMNTS

MARCH 9, 2018

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation and more. While SWIFT said the PoC was successful, it also highlighted some challenges to adoption.

SWIFT 43

SWIFT ISO 20022 Blockchain Liquidity Management 43

PYMNTS

NOVEMBER 10, 2020

One of the biggest opportunities is in the ability for real-time payments technologies to not just move money quicker, but to also move rich data along with the transaction, particularly amid spreading adoption of the ISO 20022 payments messaging standard.

Real Time Payments 117

Real Time Payments B2B Value Added Service ISO 20022 117

PYMNTS

JANUARY 7, 2021

Rather than viewing payments and data as two "parallel tracks," initiatives like the ISO 20022 messaging standard have helped to fuel their coupling. As Thakur noted, the opportunity to consolidate complex systems through treasury and banking integrations is vast. Emerging Ecosystems.

Cross-Border 97

Cross-Border B2B Payment APIs and Integration ISO 20022 97

PYMNTS

NOVEMBER 19, 2020

The partnership supports Payment Canada's need for RTR to enable ISO 20022 messaging standards and remain in compliance with the Bank of Canada 's risk management standards for payment systems, an announcement revealed.

B2B 104

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104