With client demand for real-time services increasingly being met in domestic payments, the industry is turning its focus to applying similar capabilities to global payments. Indeed, in this globalised world, cross-border transactions are soaring, and creating real-time solutions for payments – irrespective of location – has become a key priority. In order to achieve this, collaboration – between banks and fintechs, and banks and banks – is key.
Writing for The Paypers’ B2B Fintech: Payments, Supply Chain Finance & E-invoicing Guide 2017, Ross Jones, Product Line Manager, Global Payments, Treasury Services EMEA, BNY Mellon, considers the importance of collaboration in driving effective, value-added transformation of the transaction space. Jones discusses changes in the payments industry and how working together is crucial if banks are to deliver the very best digital payments experience for the future.
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