| Global Payments Architecture |
| SWIFT Gears Up For Trade Via Blockchain SWIFT announces a partnership to trial trading over blockchain to execute gpi payments. Elsewhere, Ripple makes further inroads into the Middle East, while payment experts weigh in on the desirability of a real-time payments network to be developed by the Federal Reserve. |
| First New Community Bank In Decades Headed To US Market With clearance from the FDIC, MOXY Bank is on track to become the first new community bank to enter the market in years. With an eye on small business and corporate treasury services, the FI is one of several looking to grow the community banking space after a consolidation trend, and is shedding light on the role of community banks in supporting small businesses. |
| | Faster Payments | | Fighting Fraud In A Faster Payments Landscape Fraud concerns haven't held back faster payments adoption, but key industry players, including the Federal Reserve, are urging clarity on how faster payments might add new pressures on banks' compliance burdens. Mimiro CEO Charles Delingpole says accelerated payments will certainly challenge AML and KYC compliance efforts, and tells PYMNTS that FIs can no longer simply accept non-compliance fines as an inconvenient cost of doing business. |
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