With compliance deadlines fast approaching, banks and payment service providers (PSPs) must work with increased urgency to enable messaging over the ISO 20022 standard.
As ISO 20022 migration deadlines draw nearer, with the first wave scheduled for end of 2021, financial institutions are hard at work on their migration programs. Volante's Srini Chintakrinda examines the strategies most likely to generate business value from ISO 20022.
A corporation’s cash cycle - which involves systems and processes ranging from procurement to payables, trade financing and reconciliation - is a useful barometer of its financial health.
Request-to-Pay (RtP) is the new killer app for real-time payments. Celent’s Gareth Lodge looks at why RtPs are being increasingly deployed as the first overlay services built on top of real-time payment infrastructures, in multiple geographies.
Financial services companies are finally cashing in on cross-border payments. There is more innovation and change than ever in the global payment industry.
COVID-19 has accelerated the journey towards digital transformation, disrupting business models, increasing demand for more customer-centric services and helping drive new digital payment adoption, as discussed during a panel at the Women in Payments US Symposium.
Volante is among a select group of financial institutions, payment processors and technology companies that will begin work on an instant payment service for the United States.
The next two years will see important milestones in payment modernization for the Nordics. Not only is the go-live of P27, the new cross-border Nordic Payments Platform, set to take place in 2022, but the Swedish clearing system Bankgirot will also be closing down several payment types.
As Middle East banks continue to modernize their payments strategies, achieving fast and frictionless, end-to-end transactions will be key to their continued growth and ability to adapt to ever-changing market drivers.
The changes and implications resulting from the great ISO 20022 migration are massive, so developing a strategy and implementation plan early will make all the difference.
The benefits of instant payments go far beyond the availability of a new settlement method to provide greater automation and transparency, new customer experiences, and improved liquidity management for both banks and corporates.
The Latin American banking industry is booming. How banks and financial institutions approach their digital transformation projects will determine their place in the developing banking ecosystem in the region.
How UK financial institutions of all sizes can make sure their payments business stays strategically focused, and doesn't slip down into mere tactical delivery mode.
