| X-Border Payment Pilots, Networks Take Aim At Supply Chains Cross-border payments need new infrastructure, particularly for B2B transactions. Recent news shows partnerships among banks and, in some cases, consortiums of FIs. In other cases, networks are being built on blockchain. Regardless of approach, the goals remain the same: to improve the efficiency and transparency of trade finance. |
| AML Compliance Isn't Just Banksâ Burden Anti-money laundering (AML) risks weigh heavy on financial institutions. As this month's Digital Banking Tracker noted, though AML compliance challenges are nothing new for banks, the sheer scope of the issue is new. Corporates also share a significant portion of that burden, as demands for data sharing with banks â and throughout supply chains â grow. |
| | Small Business Banking | | What Faster Payments Means For SMBs' Multi-Bank Relationships While it's not regulation driving Open Banking in the U.S., shifting attitudes among banks to collaborate with FIs, as well as application programming interface (API) connectivity capabilities, are nudging the market toward the Open Banking framework. Rho Business Banking Co-Founder Everett Cook tells PYMNTS that the market's embrace of faster and real-time payments will promote the next wave of Open Banking, with big implications for small businesses. Hereâs the why and how. |
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