SWIFT stories
The upgrade should help BDO handle rising payment volumes and prepare for ISO 20022 as it consolidates Swift and PESONet processing.
Live tokenised Singapore dollar transfers could let corporate payments run round the clock, as the banks test faster settlement outside normal hours.
South Korean businesses could see faster overseas payments as Jeonbuk Bank adopts Ripple Payments, cutting delays and fees on remittances.
The live test could help multinationals move dollar liquidity between banks more quickly, while keeping existing treasury processes unchanged.
The service gives banks single-account access to instant cross-border transfers in four currencies, reducing the need for local banking ties and infrastructure.
Banks in Asia Pacific can now send cross-border payments into retail wallets, as BNY taps rising demand for faster consumer payouts.
Banks can now manage translation, validation and routing of payment messages in one platform as ACI targets cleaner data across networks.
Broader regulation could let enterprise customers send payouts directly in more markets, with i-payout also preparing a European EMI application.
Millions of merchants and shoppers stand to feel the impact as Shopify rebuilds its mobile apps in Swift and Kotlin after AI tools cut duplication costs.
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.
Businesses will be able to receive SWIFT transfers and push funds onward in one system, reducing the need for extra banking infrastructure.
Banks handling failed payments could cut repair times as Finastra adds scheme-aware AI guidance to its OperatorAssist platform.
Small firms using sterling payments can now track incoming money in one dashboard, as the bank aims to cut manual reconciliation.
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.
Women gained senior roles as fintech grew, but fair hiring and inclusive cultures are needed to stop the sector sliding backwards.