All posts tagged "cross-border payments"
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326Australia & NZRBA Invites Tenders for Transaction Processing and Settlement System
The new system should be able to process SWIFT FIN messaging under ISO 20022 as well as the existing SWIFT MT throughout a three-year coexistence period.
May 26, 2020 -
907EuropeSWIFT Publishes Blueprint to Assist EU Banks in ISO 20022 Transition
SWIFT will provide new market practice guidelines and free validation and translation software to mitigate the impact of the ISO 20022 delay on EU banks.
May 22, 2020 -
1.1KEuropeEU Banking Bodies Request Delay of T2-T2S Consolidation Project
The associations have cited impacts from Covid-19 and SWIFT's decisions to delay ISO 20022 migration for cross-border payments as the primary reasons for the requested delay.
May 17, 2020 -
561Europe
ECB Seeks Further Guidance from SWIFT on ISO 20022 Delay
The request follows a March decision by SWIFT’s Board to extend the original timeline for implementation of ISO 20022 for cross-border payments by one year to end-2022.
May 6, 2020 -
409InternationalFSB Updates G20 on Coordinated Response to Covid-19
Since mid-March, FSB members have reported about 850 discrete actions to address the financial and economic fallout related to Covid-19.
April 15, 2020 -
1.0KAML / KYC
FSB Publishes Stage 1 Report on Enhancing Cross-Border Payments
New technologies have the potential to facilitate fast, low cost, transparent and scalable payments, but should be accompanied by measures to address all relevant risks.
April 10, 2020 -
1.2KFeature
SWIFT Defers ISO 20022 Start Date for Cross-border Payments
ISO 20022 messages for cross-border payments and cash reporting businesses will start from end 2022 instead of November 2021 as originally planned.
March 18, 2020 -
373International
SWIFT Reports Near Doubling of Year-on-year gpi Traffic
Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi, with the majority of transactions credited to end beneficiaries within 30 minutes or less.
March 3, 2020 -
523InternationalCross-border Payments Front and Center in BIS Quarterly Review
The BIS is exploring how to solve key shortcomings related to access and cross-border payments, including to address the global decline in correspondent banking.
March 3, 2020 -
493Australia & NZ
Australia Finalises ISO 20022 Migration Approach for Payment System
From November 2021, all intermediaries for incoming cross-border payments must be able to receive ISO 20022 enhanced message content, and to pass on those messages in full.
February 27, 2020
