Trovata’s Post

🔎 Are US banks meeting instant payments demand? Around 63% of US corporate bankers report feeling overwhelming or significant demand for instant payments from their corporate clients. However, fewer than a third of US banks can offer instant payments to corporates via RTP or FedNow. 🏦 Why are banks not meeting demand? 📱How do Zelle, Venmo, and Cash App influence the adoption of instant payments? 📠 And is it time for US banks to leave legacy systems behind? We asked 300 senior payment professionals at US banks to find out. Download our latest report to learn more.👇 https://lnkd.in/eXab9AhM

Instant payments are on the horizon, promising speed and efficiency. But the migration journey in the US is slow. 🇺🇸💵🐌 Outdated platforms, 24/7 availability, lack of real business cases, etc. challenge the banks innovation plans. 🚨 We asked 300 senior payment professionals at US banks to find out.   Download the report in the below link to discover how the US is preparing for instant payments. 🚀💼 #InstantPayments #Finance #Innovation #RedCompassLabs

Accelerate your success on a global scale! 🌐💼 Drive growth effortlessly with our seamless payment solution, accepting payments in multiple currencies with ZERO bank charges. 🌍💸 #GlobalSuccess #PaymentFreedom #BusinessExpansion

Ensuring continued access to cash can pose a challenge to banks – but a challenge that the Open Banking-based OneBanx platform can help them efficiently overcome. 👇 Click below for an interesting summary of some of the implications of the FCA’s recent Access to Cash policy statement. https://lnkd.in/eXBCbRMJ #openbanking #accesstocash #cash #customerchoice

Attending the Smarter Faster Payments 2024 conference on May 6th-9th! Excited to chat with attendees about Ripple's alternative to correspondent banking for international transactions. Let's connect and discuss how we can make cross-border payments simpler, transparent and faster. See you there! #NACHA #PaymentsConference #CrossBorder #InternationalPayments #Ripple

Is the cost of SWIFT CBPR+ compliance a worthwhile investment for banks looking to diversify their cross-border payments business? In 2022, cross-border money movement generated about a quarter of a billion US dollars in revenue - an increase of 17 per cent from 2021. The number is expected to reach half a billion over the next few years. This business is dominated by SWIFT, and for good reason. The infrastructure and services SWIFT offers across the financial ecosystem are mission-critical for the world economy. SWIFT CBPR+ makes a more comprehensive transaction data set available for banks as intermediaries and other stakeholders in the cross-border payment transaction value chain. Read more about how ambitious banks are leveraging SWIFT CBPR+ compliance to diversify their cross-border payments strategy and grow their business here: https://lnkd.in/d_mYMyjU

Is the cost of SWIFT CBPR+ compliance a worthwhile investment for banks looking to diversify their cross-border payments business? In 2022, cross-border money movement generated about a quarter of a billion US dollars in revenue - an increase of 17 per cent from 2021. The number is expected to reach half a billion over the next few years. This business is dominated by SWIFT, and for good reason. The infrastructure and services SWIFT offers across the financial ecosystem are mission-critical for the world economy. SWIFT CBPR+ makes a more comprehensive transaction data set available for banks as intermediaries and other stakeholders in the cross-border payment transaction value chain. Read more about how ambitious banks are leveraging SWIFT CBPR+ compliance to diversify their cross-border payments strategy and grow their business here: https://lnkd.in/dEgQeYT9

Is the cost of SWIFT CBPR+ compliance a worthwhile investment for banks looking to diversify their cross-border payments business? In 2022, cross-border money movement generated about a quarter of a billion US dollars in revenue - an increase of 17 per cent from 2021. The number is expected to reach half a billion over the next few years. This business is dominated by SWIFT, and for good reason. The infrastructure and services SWIFT offers across the financial ecosystem are mission-critical for the world economy. SWIFT CBPR+ makes a more comprehensive transaction data set available for banks as intermediaries and other stakeholders in the cross-border payment transaction value chain. Read more about how ambitious banks are leveraging SWIFT CBPR+ compliance to diversify their cross-border payments strategy and grow their business here: https://lnkd.in/dHcvjQ8m

In today's fast-paced digital world, how consumers pay and get paid can make or break the success of your credit union. Check out today's #FinTalk blog to learn how to create a payments strategy so you don't fall behind. #realtimepayments #jhProud

Is the cost of SWIFT CBPR+ compliance a worthwhile investment for banks looking to diversify their cross-border payments business? In 2022, cross-border money movement generated about a quarter of a billion US dollars in revenue - an increase of 17 per cent from 2021. The number is expected to reach half a billion over the next few years. This business is dominated by SWIFT, and for good reason. The infrastructure and services SWIFT offers across the financial ecosystem are mission-critical for the world economy. SWIFT CBPR+ makes a more comprehensive transaction data set available for banks as intermediaries and other stakeholders in the cross-border payment transaction value chain. Read more about how ambitious banks are leveraging SWIFT CBPR+ compliance to diversify their cross-border payments strategy and grow their business here: https://lnkd.in/dXJ9ZFgQ