Benefits of Payment Pre-validation in Cross-border Transactions The financial messaging service provider, SWIFT, introduced a new financial service called Payment Pre-validation in July 2021 that improves cross-border real-time payment validation by minimizing frictions, verifying the information beforehand, and reducing the cost stemming from errors or misinformation. The real-time API-based system of Payment [...]
3rd MENA RegTech DUBAI event will take place on 8th of February 2022 at Dusit Thani Dubai. Fineksus will be the Silver Sponsor of 3rd MENA RegTech in Dubai, UAE which will be held on-site on February 8th, 2022 and will be streamed virtually online. The on-site event will take place at [...]
Webinar: ISO 20022 and SWIFT Customer Security Program Watch Now Fineksus, in collaboration with SecureWay, will be hosting a webinar on ISO 20022 and SWIFT Customer Security Program, which will be held virtually on December 15th, 2021. Fineksus is a market leader of financial messaging in cross-border payments and AML [...]
1st Compliance Conference Watch Now Fineksus will be among the main sponsors of the 1st Compliance Conference on November 26th, 2021. Compliance function plays a critical role in the effective management of compliance risks, the prevention of fines, financial and reputational losses in today's world where regulations concerning compliance in [...]
V International Banking Forum Fineksus and Ritmus AZ are the General Sponsor of V International Banking Forum in Baku, Azerbaijan. Fineksus, in partnership with Ritmus AZ, will become. the General Sponsors of V International Banking Forum in Baku, Azerbaijan which will be held on December 08th-09th, 2021. The on-site event will take place [...]
Sibos 2021 Highlights SIBOS is the world’s premier financial services event hold by SWIFT where the global financial community comes together each year to hold annually to identify the trends in the payments industry, to visualize the future of cross-border payments and to keep up with the most recent innovative solutions such as AI [...]
How Does SWIFT gpi Tracker System Help Banks? SWIFT’s initiative SWIFT gpi (Global Payments Innovation) aims to improve cross-border transaction experience by offering faster, more transparent and easily traceable process with more reasonable costs for the banks, corporates and market infrastructures (MIs). The main benefits of SWIFT gpi for the banks are higher customer [...]
What is ISO 20022? How can a standardized approach improve the financial messaging system? Importance of standardization in financial messaging for international value transfers The current cross-border payments landscape is faced with the problem of lack of interoperability and integration between different clearing systems. To address the issue, standardization in the financial messaging is [...]
How SWIFT gpi reduces cross-border payment times to minutes, even seconds? SWIFT has launched its global payments innovation (gpi) initiative in 2017 and since then almost 60% of all cross-border money transfers on SWIFT are sent via SWIFT gpi. The payments industry showed great interest in the advantages gpi offered in terms of pace, [...]
Top 5 Innovations in the Payments Landscape You Should Know by the End of 2020 The notions of interoperability, harmonization, transparency and unification have been popular in financial payments and messaging standards in 2020. As technological developments evolve and offer so many advantages for the businesses in every field, the financial ecosystem has had [...]
