The cross-border B2B payments space hit an $18.5 trillion valuation last year, and researchers at BI Intelligence expect that value to grow as 2020 approaches. This year, the industry saw some of its largest players make progress in disrupting global B2B payments, with a focus...
Chinese regulators say they have made progress in efforts to curb the nation’s shadow banking sector, according to reports in the New York Times on Friday (Aug. 18). The Prudential Regulation Bureau said it has reached initial targets in its crackdown on illicit banking in China, which...
SWIFT’s year has been filled with controversy, the apex of which occurred when reports surfaced that cyberthieves infiltrated Bangladesh Bank via the SWIFT messaging system in February, resulting in $81 million stolen from the bank’s account at the New York Federal Reserve. Since, SWIFT has reported...
Ripple, the provider of financial settlement solutions, announced on Friday (Sept. 23) a number of global banks joining forces to create the first interbank group for global payments based on distributed ledger technology. According to a press release, Ripple said Bank of America Merrill Lynch, Santander,...
September 26, 2016
Ripple, the provider of financial settlement solutions, announced on Friday (Sept. 23) a number of global banks joining forces to create the first interbank group for global payments based on distributed ledger technology. According to a press release, Ripple said Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation and Royal Bank of […]
