How SWIFT GPI enables small banks to have a virtual correspondent banking network

  • On October 23, 2018
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Unlike domestic payments, which have been under pressure from regulation and competition, cross border payments have retained a relatively free hand until recent fintech innovations threatened to remove banks from payments altogether, and the compliance environment became more and more expensive. In 2015, McKinsey estimated cross border payments to account for 20% of the volume […]
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How do cross border payments work? A guide for Lebanese businesses

  • On October 23, 2018
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As a country that relies largely on imports, ($19.7 bln imports vs $3.76 bln exports) the ability to pay suppliers abroad is key to the success of Lebanese businesses. Typically this process has been long and opaque as money travels through the correspondent banking system, with neither party knowing where the payment is or what […]
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SWIFT GPI – same day settlement in 140 characters

  • On October 23, 2018
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Tracking things has never been easier, whether its health indicators, shipments, satellites, taxis, you name it, if it moves we can track it. But when it comes to visibility in cross border payments, companies have traditionally found it almost impossible to track where their payment is at any given time along the chain; and what […]
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