Build or borrow? For today’s payment service providers, accelerating payments across borders means either developing new infrastructure, or making use of existing rails, to move money around the world. This week, SWIFT picks the latter, while JPMorgan Chase grows its initiative using blockchain to make...
U.K. financial institution Nationwide Building Society has made an investment in open banking FinTech BankiFi, the companies revealed in an announcement Monday (Sept. 23). With a focus on business banking, BankiFi offers financial institutions a range of “micro services” that those banks can integrate and...
B2B payments and international money transfer company B2B Pay has announced plans to become a regulated financial institution, and is looking to investors to fuel its growth. In an announcement sent to PYMNTS, B2BPay Founder and CEO Neil Ambikar said the company will pursue becoming...
Payments messaging firm SWIFT announced Thursday (April 4) the establishment of an ISO 20022 working group to promote adoption of the payments messaging standard. But as the financial services industry embraces ISO 20022, the market is also shifting toward an open banking model and API...
