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...
JPMorgan Chase & Co. is reportedly working to expand its operations in India. The bank is expanding its payment services in the country to help clients process and move money globally, as well as pursuing partnerships with Indian FinTechs that focus on cross-border flows, Bloomberg...
The Financial Stability Board said in a press release Thursday (Oct. 9) that a 2027 cross-border payment benchmark deadline is unlikely to be met. The FSB, which represents the G20 nations, set goals in 2021, such as having 75% of cross-border payments be credited with...
The story behind Latin America’s digital payments boom isn’t necessarily about consumers abandoning cash. It’s about a financial ecosystem where mobile wallets and instant transfers are not just tools of convenience but engines of empowerment. As governments and FinTechs scale solutions from Brazil’s Pix to...
Immigrants in the United States are reportedly sending more money home amid heightened deportations. Remittances to many areas of Latin America are increasing by double digits, and the region is on pace to see $161 billion transferred from the U.S. before the year is out,...