Finance
Banks may regain lead in cross-border payments on accounts, regulation and trust
An analysis says banks could regain leadership in cross-border payments, a market long led by fintech, by leveraging account infrastructure and regulatory trust. It cites reforms to the Swift payments scheme and international links between countries’ real-time payment networks as key drivers. The piece says banks’ direct control of accounts and deposits, adoption of ISO 20022 messaging and the growing remittance market may strengthen banks’ position, though smaller lenders face higher system costs.
