SWIFT stories
Cross-border transfer costs may fall as nearly half of banks and fintechs are already using or piloting stablecoins, ACI Worldwide says.
Corporate treasurers may gain faster cross-border cash transfers after HSBC and Standard Chartered tested live tokenised deposits on Swift's ledger.
The platform aims to cut costs and complexity for banks, fintechs and merchants moving funds across borders in fiat and stablecoins.
Recipients of overseas transfers in the US should see faster, clearer payments as Bank of America and J.P. Morgan adopt Swift's new framework.
The platform targets banks juggling separate systems across APAC, where technology spending is rising as lenders race to simplify business services.
MBV customers in Vietnam will gain quicker overseas transfers without a costly systems overhaul as TerraPay opens access to 156 markets.
The financing values the New York fintech at USD $1 billion as it seeks to give overseas banks direct access to dollar accounts and payments.
Two million customers could see cheaper, faster transfers as the remittance firm shifts settlement onto regulated stablecoin rails.
Half of firms may be losing up to 20% on international transfers, with fragmented provider setups driving extra fees and slower settlement.
New customers can tap Swift's global network without building their own connectivity, as BankB goes live on Mambu's managed service.
The payments firm is strengthening its European governance as it targets further growth across the region after reaching profitability last year.
Seventeen banks will test whether tokenised deposits can speed cross-border payments and extend settlement beyond normal market hours.
Businesses can now take stablecoin payments without holding crypto, as collections are auto-converted into local currency through treasury tools.
Australian developers gain a local option for Apple app AI as SCX.ai says its hosted models can keep data residency under control.
More than half of UK adults now use mobile wallets, increasing pressure on banks and merchants as cash slips below 10% of payments.
South Korean businesses could see faster overseas payments as Jeonbuk Bank adopts Ripple Payments, cutting delays and fees on remittances.
Women gained senior roles as fintech grew, but fair hiring and inclusive cultures are needed to stop the sector sliding backwards.
Canadians getting money from abroad should see fewer deductions and faster arrivals as the new scheme is rolled out on selected routes.
Vietnamese customers and small firms will gain faster overseas transfers as HDBank taps TerraPay to reach 156 markets without overhauling systems.
Vietnamese customers will gain faster overseas transfers as TPBank taps TerraPay's network for real-time payments to 156 countries and territories.
