Solving the complexity of cross-border transactions

Transform how you approach cross-border payments

Cross-border payments are the lifeblood of global trade, investment, and remittances—yet they remain among the most complex and costly financial transactions. Unlike domestic payments, these flows often traverse multiple currencies, jurisdictions, and intermediaries, resulting in delays, high fees, and limited transparency.

This guide offers a comprehensive look at the current state of cross-border payments, unpacking the structural inefficiencies that persist and the innovations that are beginning to reshape the landscape. It explores how legacy correspondent banking models are evolving, how regulatory frameworks are converging, and how technologies like ISO 20022, CBDCs, and distributed ledger platforms are driving a new era of interoperability and speed.

This guide explores how to:

• Navigate correspondent banking networks and settlement delays
• Address cost inefficiencies and transparency gaps
• Prepare for ISO 20022 migration and real-time payment linkages
• Understand regional initiatives like SEPA, the FedNow® Service, PAPSS, and Project Nexus
• Evaluate emerging models such as CBDCs, DLT platforms, and API standardization