The World Bank projects that $572 billion will be sent from migrant workers to their families abroad in 2020. These payments affect the day-to-day lives...
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...
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...
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...
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...
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....
UBS shed light this week on a persistent challenge in the traditional financial services industry. Reports in Reuters on Tuesday (May 28) said UBS expects...
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...