Swift said it has concluded a digital assets interoperability trial with a trio of banks. The global messaging platform said this effort—conducted in collaboration with BNP Paribas Securities Services, Intesa Sanpaolo and Societe Generale’s SG Forge—allowed for “the seamless exchange and settlement” of tokenized bonds,...
For decades, the mechanics of business payments barely changed. Wires, ACH batches and card networks moved money from point A to point B with only modest variations in speed and supporting information. The real differentiator across this historical ecosystem was financial strategy: how companies managed...
Over the coming weekend, global payments infrastructure will cross an invisible but meaningful threshold. And there’s no going back. After years of planning and incremental rollout phases, Swift’s existing MT messaging standard for cross-border payments will finally be retired Saturday (Nov. 22), giving way entirely...
Federal Reserve Financial Services (FRFS) completed its previously announced adoption of the ISO 20022 message format for the Fedwire Funds Service. It did so in a single-day implementation on Monday (July 14), according to its ISO 20022 implementation center, as it said it would do...
January 29, 2025
Cross-border payments had, for decades, been done by wire — where it had taken days to settle an international fund flow. But now, in the digital age — unlike years past — there are many ways to deliver a payment from country A to country B. We’re headed more fully toward instant payments, always on, […]
December 13, 2024
The benefits of standardized data formats and exchanges in financial services are myriad. Banks are moving toward the ISO 20022 financial messaging standard, tied to Swift, which noted that the...
July 31, 2024
Change in payments, as in life, happens slowly and then all at once. And as we navigate through 2024, the payments industry is undergoing transformative changes, driven by innovations spurred...
June 14, 2024
It might not get the amount of play that real-time payments, open banking and artificial intelligence get, but the global payments industry reached a milestone recently when the U.S. CHIPS...
January 15, 2026
Swift said it has concluded a digital assets interoperability trial with a trio of banks. The global messaging platform said this effort—conducted in collaboration with BNP Paribas Securities Services, Intesa Sanpaolo and Societe Generale’s SG Forge—allowed for “the seamless exchange and settlement” of tokenized bonds, while supporting payments in both fiat and digital currencies. According […]
July 14, 2025
Federal Reserve Financial Services (FRFS) completed its previously announced adoption of the ISO 20022 message format for the Fedwire Funds Service. It did so in a single-day implementation on Monday...
May 23, 2025
Malaysia-based CIMB Bank has selected ACI Worldwide’s payment solution to bring together all account-to-account (A2A) transactions on a single platform. The platform will include automated clearing house (ACH), real-time gross settlement (RTGS)...
January 07, 2025
A Bank for International Settlements (BIS) committee has announced the next steps it will take to promote the adoption of its harmonized ISO 20022 data requirements for enhanced processing of cross-border...
