Entries for 'Payments'

Recent developments in the European Parliament related to open finance and financial data have brought the transition from open banking to open finance into sharp relief. This IIF Staff Note examines the evolution of PSD3, PSR and FIDA and offers insight into their impact on financial institutions.

On May 3, 2024 the Institute of International Finance (IIF) submitted a response to the Financial Action Task Force’s (FATF’s) Public Consultation on Recommendation 16 on Payment Transparency (Rec. 16).

On October 17th, the IIF, in partnership with Visa, convened leaders from banks, payments networks, and technology firms to discuss issues in cross-border payments with global standard setters and central bankers. This staff paper outlines key points from the session.

This IIF staff paper explores the role of trust and security in payments, explores various challenges, examines how financial institutions and paytechs are addressing them, and lays out some opportunities for public-private collaboration in efforts to improve global cross-border payments.

In this episode of FRT, Ana Maria Prieto, Director of Payments System at the Central Bank of Colombia (Banco de la República), discusses the new payme...

The IIF has responded to the Committee on Payments and Market Infrastructure’s (CPMI’s) consultation paper on harmonization requirements for enhancing cross-border payments in a comment letter dated May 31, 2023.

The latest session of the IIF’s DataTalk focused on the potential of central bank digital currencies (CBDCs) for cross-border payments.

We discuss new initiatives to provide cross-border connectivity for domestic payments innovations, and ways to improve how financial institutions onboard their FinTech partners, with Terry Angelos, Global Head of FinTech at Visa.

The IIF and Deloitte have joined together to explore digital transformation in financial institutions. In this supplement, we examine the four fundamental shifts brought on by COVID-19 that have accelerated digital transformation in the financial services industry, discuss the role digital has played in financial institutions’ pandemic response, and explore the implications for these institutions as they navigate the uncharted waters ahead.

This is a supplement to the IIF-Deloitte series, Realizing The Digital Promise, and captures some of the topical insights shared: both in success stories with the deployment of new technological solutions, and also in some of the cultural adaptation challenges, where some aspects of the current predicament may present a microcosm of the digital transformation journey. 

With the launch of the National Financial Inclusion Strategy (NFIS) in 2012, Nigeria, a signatory of the Maya Declaration, took a first step in suppor

Online payments open doors: Soaring e-retail sales support robust growth in online payments, with Alibaba and Tencent dominating. Fintech firms are in