The past decade has transformed cross-border payments from a slow, opaque process into one that is faster, cheaper and increasingly transparent. Yet the dream of seamless global transactions that are instant and low-cost remains aspirational. The biggest culprit is a patchwork of regimes that has...
Traditional cross-border payment systems weren’t built for today’s global workforce. Millions of creators, freelancers and on-demand workers now expect to be paid instantly. And in many countries with volatile fiat currencies, they want that payment in digital dollars. These micropreneurs don’t want to wait days...
Watch more: Live Roundtable: AWS and Convera’s Vishal Arora and Sudipto Das Cloud migration is no longer the endgame for payments companies. It’s the starting line. When global business payments giant Convera spun out as an independent company, it faced a challenge familiar to many legacy enterprises....
Traditional bank hours and currency conversions are becoming even less of a hindrance for cross-border payments. Citi has expanded its Citi Token Services (CTS) platform to support euro transactions and opened a new operational center in Dublin. In a press release Friday (Nov. 7), Citi...
European banks have increased their dependence on United States dollars, according to a report issued Monday (Nov. 3) by the European Banking Authority. These banks’ funding in dollars came to 13.1% of their total funding in December 2024, compared to 12.4% at the same point...
Payments FinTech Ant International is investing in Latin American embedded lending infrastructure company R2. The investment, announced Thursday (Oct. 30), is aimed at expanding access to credit for small and medium-sized enterprises (SMEs) throughout the region. “R2 enables digital platforms to offer financing solutions quickly...
Cross-border payments are among the most complex transactions in finance. They’re an intricate choreography of data, regulation and risk management that must work seamlessly and securely. As artificial intelligence transforms how money moves, the question confronting global institutions like HSBC is not merely how fast...
Five years ago, the G20 nations set out an ambitious goal: to make international payments faster, cheaper, more transparent and more accessible by 2027. The vision was bold but supported by a marketplace committed to innovation. Still, as the most recent 2025 progress report from...
Banco Santander reportedly will facilitate the $20 billion currency swap framework to support Argentina’s economy that was announced Thursday (Oct. 9) by U.S. Treasury Secretary Scott Bessent. The bank was selected by the Treasury Department to help it buy Argentine pesos, Seeking Alpha reported Friday...