Cross-border: 4 Steps to Maximise Cross-border Payments Success 2023 | Finextra | 23 February 2023 | Webinar

As post-pandemic global trade booms, the volume of cross-border payments transactions has been steadily increasing. This requires financial institutions of all sizes and jurisdictions to rethink strategy to leverage all potential revenue. The risk profile for financial institutions operating in different regions varies and depending on the level of the cross-border transactions, the revenue is immense. Many financial institutions continue to struggle in their cross-border correspondent banking structure; while ISO 20022 sits on the close horizon, new strategies can be applied to improve real-time payments, friction, connectivity, visibility, and fraud monitoring within transactions.

The rising prices of cross-border fees and poor values of foreign exchange rates is leading financial institutions to look for solutions to improve efficiency and develop new revenue streams. Using platforms to enable connectivity of global payments between participating banks using tokenisation, data analytics, and governance could enhance security, competence, and customer service all while lowering costs. A recent competitive survey conducted by Bottomline holds data from over 320 global banks, providing insight into how banks can optimise cross-border transactions for global trade and stay ahead of competition.

2023 Speakers

SPEAKER:

Charles dé Rougé
Head of SaaS Solutions, Bottomline Technologies

MODERATOR:

Gary Wright
Head of Research, Finextra