Swift Moves Ahead with Retail Cross-Border Payments Network
Group of 20 (G20) nations have committed to making cross-border payments more efficient, but regional complexities and outdated infrastructure have made progress slow. The correspondent banking model adds another layer of complexity, requiring multiple banks to shuttle payments across borders. While the Swift messaging network has long served as the global hub connecting these banks, […]
Digital Euro Enters Pilot Phase, with Questions Around Its Viability
The European Central Bank has invited licensed payment service providers (PSPs) to help shape the long-awaited digital euro as it enters its pilot phase—a chance to prove the currency still has a role in the global payments landscape. Participating PSPs will test the technical and operational readiness, evaluate the user experience, and experiment with communication, […]
Young Customers May Not Prioritize Retirement Investing, But Banks Should
The best time to start investing for retirement is now, but conveying this message to younger adults can be challenging. Many Gen Z and millennial individuals face pressing financial concerns today, making it difficult to prioritize saving for a distant future like retirement. Because retirement investing is not typically top of mind for younger consumers, […]