With compliance deadlines fast approaching, banks and payment service providers (PSPs) must work with increased urgency to enable messaging over the ISO 20022 standard.
Institutions that have been slower to adopt real-time payments now find themselves at a crossroads, as many of the technological hurdles to adoption are being overcome, and FedNow’s launch is likely to make implementation efforts even more critical.
Sin duda, la transformación digital se ha convertido en un punto clave en la región, siendo América Latina uno de los mercados con mayor crecimiento en el ámbito de los pagos digitales. Sin embargo ¿los pagos digitales podrán ser el futuro de la banca en Colombia?
One quarter of mid-tier banks are actively modernizing.
Rising transaction volume and fraud top the list of ACH processing challenges.
The Real-Time Payments “Revolution” is alive and well.
As corporations and consumers ramp up their demands for increasingly secure and instantaneous transactions, the US is accelerating efforts to develop and deliver real-time payment services on both a global and domestic scale.
The era of payment modernization seems to have arrived much faster than was previously expected, and payment entities around the world now have an obligation to improve their digital capabilities and cultivate an appetite for continued evolution.
El nuevo estándar global de ISO 20022 tiene como objetivo actualizar y reemplazar los estándares existentes de mensajería de pagos ¿Podría ser una oportunidad para modernizar los sistemas de los bancos al tiempo que se implementa este nuevo estándar?
Payments revenue in the Middle East and Africa stood at USD$60 billion in 2020 and is forecast to reach USD$84 billion by 2025. That’s a healthy compound annual growth rate of 7%, outpacing regional GDP growth estimates. But there’s a dark cloud inside the silver lining...
Most financial institutions still think in terms of delivering payments products to their customers. However, customers are not looking for products – they are looking for experiences.
Five years ago, US Banks and financial institutions didn't have any viable choices for sending account-to-account transfers around the clock, 24/7. With RTP available now, and FedNow launching in 2023, banks and financial institutions will soon have at least two choices, which poses the question: which one should they pick?
With the recent developments in modernizing infrastructures and digital evolution of payments with the PSD2 and open banking, data has become a crucial element in the payments industry. ISO 20022 migration now presents opportunities for payment innovations that take advantage of this digital evolution in data processing that has been evolving over decades.
