cross-border payments

Cross-border payment is a term referring to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries.

Source: kantox.com

RBI Claims India Banking Is ‘Safe And Stable’ After PMC Crisis

RBI Claims India Banking Is ‘Safe And Stable’ After PMC Crisis
RBI Claims India Banking Is ‘Safe And Stable’ After PMC Crisis
October 02, 2019  |  Banking

The Reserve Bank of India is trying to reassure savers that all is well after a recent crisis involving Punjab and Maharashtra Co-operative Bank (PMC)....

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India’s PMC Bank Accused Of Loan Fraud
India’s PMC Bank Accused Of Loan Fraud
October 01, 2019  |  International

A recent police complaint alleges that the Punjab and Maharashtra Co-operative Bank (PMC) made up 21,000 fake accounts to hide loans, according to a report...

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Flywire, JCB Team For Cross-Border Tuition Payments
Flywire, JCB Team For Cross-Border Tuition Payments
September 30, 2019  |  Partnerships / Acquisitions

To open up new currency options and new markets for cardholders of JCB across Asia, Flywire and JCB International, Co., Ltd. (JCBI) have unveiled 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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The Cash Flow Solution App Developers Don’t Know They Need — But Do
The Cash Flow Solution App Developers Don’t Know They Need — But Do
September 27, 2019  |  Faster Payments

The phrase “slow payment cycles” conjures up the image of old school buyer-supplier relationships and the 30- to 90-day payment window created by an inefficient...

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FIs Look Inward For Faster Blockchain Deployment
FIs Look Inward For Faster Blockchain Deployment
September 26, 2019  |  B2B Payments

Though the manic blockchain hype of 2018 has died down somewhat, FinTechs, banks and corporates continue to collaborate and innovate as they develop distributed ledger...

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SWIFT’s gpi Gains Ground In Instant Payments
SWIFT’s gpi Gains Ground In Instant Payments
September 26, 2019  |  B2B Payments

SWIFT said this week that a new service will integrate gpi into instant payment offerings across the globe. Separately, in India, seven banks sign on to...

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Bill.com Reports 200+ Pct. Increase In Transactions, Payment Volume This Year
Bill.com Reports 200+ Pct. Increase In Transactions, Payment Volume This Year
September 25, 2019  |  Global Payments

Cloud-based finance software Bill.com can now facilitate international payments in 106 currencies and 137 countries, the company announced in a press release on Wednesday, Sept....

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What Does Innovation Mean For Financial Institutions?
What Does Innovation Mean For Financial Institutions?
September 25, 2019  |  Innovation

Innovation can be a blanket term in the banking world. Is artificial intelligence (AI) for anti-money laundering (AML) compliance innovation? Is real-time global payments expanding...

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