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Analysis

The Future of Real-Time Global Payments

Immediate settlement of cross-border transactions has proven an elusive goal, but technology continues to move corporate treasuries in that direction.

By Bob Stark | Updated on September 06, 2018

One of the hottest topics in finance and treasury continues to be the payment—how to transfer funds more cheaply, quickly, and safely. This conversation becomes even more interesting when the topic is global payments, since cross-border payments remain costly and inefficient in every region of the world.

As companies increase their global reach, cross-border payments become a necessity, stimulating demand for better payment solutions. In the coming years, the technologies and processes supporting the global payments space will be transformed by digitization, artificial intelligence, and blockchains. Existing capabilities, such as ISO 20022 XML and SWIFT GPI, can be expected to continue yielding benefits for multinational finance professionals, as well.

Let’s take a look at the current state of these innovations.

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