Payments as a Service (PaaS) didn’t emerge in isolation—it builds on decades of advancements in payment systems, from in-house solutions to modern, cloud-native platforms. Part one of a two-part blog series.
Fraud concerns, demand for cross-border transactions and more — see part 2 of Volante’s annual U.S. Faster Payments Barometer survey.
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?
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?
Highlighting the importance of ISO 20022 adoption, addressing some common challenges facing participants in the UK payments ecosystem, and identifying the essential elements of a smart modernization strategy.
For Part 2, we’ll look at a few advantages of integrating the new standard and highlight the importance of implementing a migration strategy that aims to maximize these benefits wherever possible.
As November 2022 approaches, it’s crucial for any financial institutions that process cross-border transactions within the SWIFT network to understand their requirements as it relates to ISO 20022 migration.
