Blogs by Erika Baumann

March 4, 2021

Financial services companies are finally cashing in on cross-border payments. There is more innovation and change than ever in the global payment industry. In 2014, there were only 14 local real-time payment schemes. There are now more than 60, with 20 of those networks launching in the last 18 to 24 months amid advances in payment technologies, including messaging standards and cloud computing, and continued globalization of the payment industry.

December 17, 2020

While Sibos was a little different this year, what remains the same is that the payments industry is still banking on ISO 20022 to become the de facto standard of payments messaging. In an interesting session, Saqib Sheikh, the global head of the ISO 20022 program for SWIFT, referred to ISO 20022 as the next-generation standard for how entities speak to one another in payments. This simple definition makes sense, and it seems adoption would be a no-brainer. Having a common language to streamline the payments process is obviously important. However, the U.S.