A dozen global transaction banks are now using the Society for Worldwide Interbank Financial Telecommunication's new global payments initiative service to improve cross-border payment delivery. ... Read full article
In a white paper published Thursday morning, consulting firm Federal Financial Analytics warns that President Trump’s protectionist attitudes toward the manufacturing and industrial sectors may usher in a new era of uncertainty for the financial services ... Read full article
Ant Financial, the company that operates Alipay, is buying MoneyGram for $880 million, its boldest move yet in a series of partnerships and investments that signal an international ambition. ... Read full article
The Society for Worldwide Financial Telecommunication is exploring the potential of distributed ledger technology for banks to provide real-time reconciliation of their databases for accounts they hold in other banks in a foreign currency. ... Read full article
