Boston, April 10, 2019 – The cross-border payments space is significant from a revenue perspective, but as the demand for cross-border payments capabilities is growing, the cost of compliance and other industry pressures has driven many banks to de-risk, at a significant disadvantage to emerging and developing economies as well as multinational organizations. As in other payments sectors, nonbank providers, such as INTL FCStone, are looking for ways to address challenges with cross-border payments. INTL FCStone has successfully addressed many of the issues with cross-border payments today by building its own global network of local correspondent banking partners combined with state-of-the-art trading and payments technology solutions.
Designed to provide frequent, concise, and actionable insights, the newly launched Impact Brief is a complement to Aite Group’s research reports and will allow Aite Group to cover new topics and update information based on client feedback. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].
Clients of Aite Group’s Retail Banking & Payments or Wholesale Banking & Payments service can download this 16-page Impact Brief.