Re-imagining B2B Cross-border Payments: How can banks improve service, whilst also reducing costs and complexity?

OVERVIEW

For too long, international B2B payments involved opaque, expensive fees and unpredictable timing. With the adoption of Swift and arrival of ISO 20022 traditional institutions are improving performance in certain areas, but alternative providers are challenging the correspondent banking norms to deliver cheaper, faster and more transparent cross-border payments.

With this changing of the guard, what does the future hold for the B2B cross-border payment environment?

Predictability, Finality and Transparency

How do banks deliver on irrevocable payments in full value, on time and with clear fees and rates?

Cost Control

How do you avoid intermediary fees, limit infrastructure investment and reduce dependency on correspondent relationships?

Security First

How do you ensure maximum layered security to protect all parties while avoiding delay?