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Search results for ISO 20022

Fintech

U.S. small business payments market shaken as fintechs take banks\' customer touchpoints

Banks are losing influence in the U.S. small business payments market as fintech companies integrate payment functions directly into accounting and sales-management software. A survey of 501 U.S. small businesses found broad use of fintech and non-bank platforms for both consumer payments and business-to-business transactions. Respondents cited high fees, complex implementation and lost sales from failed payments as key pain points. Crypto and stablecoin payments remained at an early stage.

Crypto

U.S. asset manager seeks to register $75 million fund bundling XRP and ISO 20022 assets for retail investors

U.S. asset manager Gratus Reserve V has begun the process of registering a $75 million fund to offer retail investors an institutional-style digital asset strategy that includes XRP. It filed preliminary offering documents with the U.S. Securities and Exchange Commission to register a decentralised corporate treasury portfolio. The firm highlighted lower XRP trading costs via institutional OTC desks and plans to include ISO 20022-aligned assets as well as bitcoin, ether and solana.

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.