With compliance deadlines fast approaching, banks and payment service providers (PSPs) must work with increased urgency to enable messaging over the ISO 20022 standard.
We look at the current state of instant payments in Spain and the broader Iberian Peninsula, in addition to highlighting some unique opportunities for banks throughout the region to emerge at the forefront of innovation.
Lenin Desai, Volante's ISO 20022 service product manager, answers some questions on his background and the payments industry.
Cloud delivery models are currently dominating the payment infrastructure market, but this was not always the case when it was initially considered an unregulated fringe technology. Better regulations have made the cloud more resilient and appealing even for conservative banks.
As a long-time global leader in payments innovation and efficiency, the Nordics are now transitioning from localized standards to international, cross-border standards. So how will these changes affect the instant payment landscape across the Nordic region, and how can Nordic banks prioritize instant payment innovations?
The Federal Reserve recently announced that its long-awaited instant payments service, FedNow, will officially begin operating in July, 2023. The service has been in the works for quite some time, with more than 100 payments processors and financial institutions having already participated in an initial pilot program.
As the financial industry continues to evolve, the fintech sector has emerged as a highly lucrative career option. The constantly evolving nature of fintech makes it a dynamic and exciting place to work.
In 2025, ISO 20022 messages will become a universal requirement for executing cross-border transactions. Volante sat down with Celent’s Senior Payments Analyst, Gareth Lodge, to discuss the current state of ISO adoption within the global financial industry, as well the challenges and benefits of migration.
Financial institutions operating in Latin America must ensure they’re prepared for the current (and continued) reality of payments in Chile.
Los pagos en tiempo real son tendencia en países de todo el mundo, y Latinoamérica no es la excepción. En nuestra reciente encuesta de LinkedIn sobre los pagos digitales en Latinoamérica, el 76% de los encuestados afirmó que los pagos en tiempo real son la tendencia de pago digital más notable en la región.
Immediate cross-border payments (IXB) represent an opportunity for banks to modernize their operations, differentiate themselves, and grow their global market share. What should banks consider before implementing it?
In this article, we delve deep into payments industry challenges, and explore ways to overcome them and drive a better payments experience for customers with special insights from industry leaders.
In the final part of this three-part blog series, we’ll review the importance of FI’s enhancing management and servicing capabilities, and why intelligent routing solutions present a unique opportunity to deliver new value to business customers.
