correspondent banking

Deep Dive: How High Costs And Slow Processing Times Impede Remittances

Deep Dive: How High Costs And Slow Processing Times Impede Remittances
Deep Dive: How High Costs And Slow Processing Times Impede Remittances
June 10, 2020  |  Smarter Payments

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How Digitalization Soothes Cross-Border Payment Pain Points
How Digitalization Soothes Cross-Border Payment Pain Points
June 09, 2020  |  Smarter Payments

For UAE's 90 percent expatriate population, sending remittances back home often means paying exorbitant fees and dealing with glacial processing times. But use of local...

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Fixing The UAE’s $46B Remittance Problem
Fixing The UAE’s $46B Remittance Problem
June 08, 2020  |  Smarter Payments

Cross-border payments are expected to hit $39 trillion by 2022, with $572 million worth of payments consisting of remittances sent from migrant workers to their...

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How China Fuels Alternatives To Correspondent Banking
How China Fuels Alternatives To Correspondent Banking
April 15, 2020  |  B2B Payments

China is a notoriously challenging jurisdiction for foreign payment service providers to operate as the nation prioritizes local industry leaders. Gradually, however, and with a...

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FinTechs Help Global Banks Tackle SMB Challenges
FinTechs Help Global Banks Tackle SMB Challenges
September 27, 2019  |  B2B Payments

Criticism of the world’s correspondent banking network continues to mount — and at the same time, the number of correspondent banking relationships is on the...

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SWIFT Readies ISO 20022 For X-Border Payments
SWIFT Readies ISO 20022 For X-Border Payments
August 01, 2019  |  B2B Payments

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions....

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ICC Says Regulation Limits Trade Finance
ICC Says Regulation Limits Trade Finance
May 29, 2019  |  B2B Payments

UBS shed light this week on a persistent challenge in the traditional financial services industry. Get the Full Story Complete the form to unlock this...

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Deutsche Shrinks Correspondent Banking Post-Danske AML Scandal
Deutsche Shrinks Correspondent Banking Post-Danske AML Scandal
February 04, 2019  |  Legal & Regulation

In the wake of an investigation of over 200 billion euros ($229 billion) in suspected money laundering at Danske Bank’s Estonia branch, Deutsche Bank has...

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