BNY Mellon’s Fred DiCocco explains how bank-led collaboration is driving payments transformation in Global Banking & Finance Review

The rapid growth of fintech influence, increasingly sophisticated technological capabilities, growing client expectations, and new regulatory requirements, are fuelling the need for modernised payment systems. Undoubtedly, the payments space is experiencing a period of rapid evolution, with technology presenting opportunities for the industry to transform how transactions are processed.

In a commentary article for Global Banking & Finance Review, BNY Mellon’s Fred DiCocco, Global Head of Cash Management Business Development, Treasury Services, explains how through industry cooperation – with banks at the fore – new technology can be channeled for a revolutionised payments space, supporting innovations such as blockchain and SWIFT’s global payments innovation (gpi) initiative.

The full article can be read here (page 112-115).

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