In a commentary article for Treasury Management International (TMI), Ross Jones, BNY Mellon’s Product Line Manager, Global Payments Treasury Services EMEA, explains that industry collaboration is a key component of the global payments transformation.
Undoubtedly, fintech innovation is enabling significant advancements in the world of payments. Yet although new innovation brings significant potential to enhance cross-border transactions, it must be applied collaboratively in order to develop the best solutions for global payments users. Jones explains that this can be achieved through continued bank-fintech partnerships, as well as establishing cross-border standards through bank-bank collaboration.
The full article can be read here.