Cross border payments

‘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.


The Medicis (yes, those Medicis) are back, and starting a challenger bank


The Italian family that founded a bank in the 14th century and pioneered branches and letters of credit is now setting up a tech-forward, crypto-friendly disruptor in the United States.


JPMorgan, Microsoft strike blockchain partnership


The bank is hoping the venture will encourage more companies to use Quorum, the Ethereum-based blockchain it built five years ago.


Visa weathers stronger U.S. dollar, boosts its profit forecast


Visa Inc. braved a stronger U.S. dollar and a decline in consumer confidence even as its customers’ spending overseas continued to slow during the first three months of the year.