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Swift gpi cross-border payments go instant
Consumers today demand instant services and results, prompting banks to find solutions that will address those needs. With the help of the global payments innovation (gpi), banks can now provide consumers with faster payments
Harnessing the power of data in cross-border payments
Today, a large majority of international payments are processed straight through, requiring no manual intervention. However, the small proportion of payments that require manual processing often do so due to incomplete or inaccurate data relating to the end beneficiary.
New trends reshaping Sri Lanka’s financial service industry today
Sri Lanka Central Bank Governor Dr Indrajit Coomaraswamy shares an encouraging account on the recent financial services improvements in his country. He identified fintechs along with electronic payments and fund transfer systems as the pillars of modern banking development and revealed noteworthy Central Bank initiatives covering new technology, payment products, consumer protection and system stability.
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