Cross border payments

Swift to focus on transaction management to fuel faster payments


After two years of helping banks connect globally to domestic faster payments rails, Swift is planning to expand on that concept.


Truist launches a venture capital unit


The new unit plans to connect the startups it backs, such as the global payments network Veem, with experts at the company who can provide business advice.


How Citi and Flywire sped payments to get PPE from China to Boston


The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope.


‘Fintech as a service’ provider Rapyd becomes Durable Capital’s first investment


Former T. Rowe Price portfolio manager Henry Ellenbogen is making Rapyd his first bet.


How faster payments can connect 'islands of processing' between banks


Interoperability has become a top priority in the minds of those advancing faster payments.


Xpress Money, Geoswift collaborate on China remittance service


Finabler’s Xpress Money cross-border transfer service has partnered with Geoswift to enable consumers in global markets to send funds in real time to Chinese bank accounts.


Libra shows banks can do more, says Singapore's top central banker


Ravi Menon says that Facebook's bid to create its own digital currency has laid bare shortcomings in cross-border payments and financial inclusion that banks and regulators must address.


U.K.'s Transferwise, once a rival to banks, launches with U.S. FIs


TransferWise once marketed itself as Robin Hood-style rival to banks. Now it sees itself as an ally.


Wells Fargo’s Digital Cash plants seeds for bigger blockchain opportunities


Giants like Facebook, JPMorgan Chase and Walmart are all pushing blockchain for myriad use cases, and now Wells Fargo has joined the fray with its own spin on the distributed ledger technology.


PNC goes live on RippleNet


PNC has gone live on RippleNet, giving the blockchain company a major win in its effort to build a real-time cross-border payments network that includes large U.S. banks.