As timelines tighten and global systems align, financial institutions must act to ensure they’re not left behind. To ensure compliance with SWIFT’s November 2025 migration deadline for international payments, organizations must either fully transform their operations on their own or partner with a trusted provider like Convera. Institutions that choose not to partner with a commercial payments provider like Convera face a steep path to compliance. Upgrading legacy payment systems to handle ISO 20022 messaging requires overhauling infrastructure to process structured data and retraining teams to manage new data formats and workflows. It also requires ongoing compliance monitoring across multiple jurisdictions. Without expert support, ISO 20022 compliance can drain internal resources, delay operations, and expose the financial institution to compliance risks. SWIFT reports that ISO 20022 adoption enables up to 84% of exception messages to be handled automatically, significantly cutting down on the time and effort required for manual investigations. In addition, enhanced data quality supports more effective sanctions screening and streamlines software deployment, ultimately reinforcing compliance and fraud prevention strategies for financial institutions. Joe Higginson, Director of Regional Sales, Financial Institutions, Convera said, “Convera helps financial institutions future-proof their payment systems without bearing the full cost of transformation on their own. Our structured cross-border payment data offers financial institutions end-to-end visibility into global payments on both sides of the transaction. Convera offers a critical competitive advantage that unlocks greater automation, yields better customer experiences and strengthens the regulatory standing of financial institutions.”
Mambu offers a composable payments platform that integrates seamlessly with any core banking ecosystem and supporting instant payments and ISO 20022
Mambu, a global cloud banking firm, has launched Mambu Payments, a composable banking platform designed to help financial institutions modernize their core infrastructure and accelerate innovation across the entire banking stack. The platform, which integrates seamlessly with any core banking ecosystem, is designed to help financial institutions face regulatory pressure, the rise of instant payments, industry-wide shifts like ISO 20022, and increasing customer expectations for speed and reliability. Mambu connects institutions to a growing network of pre-integrated clearing systems, partner banks, and payment schemes, enabling end-to-end automation through a modern payments hub. The service is gaining traction, with Western Union, INDEXO Bank, and BCB Group all expanding their partnerships with Mambu to modernize their payment systems. Mambu Payments will be officially unveiled at Money20/20 Europe, where the company will showcase its expanded platform and meet with banks, fintechs, and partners shaping the future of finance.
Mitigating run risks from payment stablecoins would require enacting regulatory provisions such as prescriptive reserve composition standards, maturity limits on reserve assets and mandatory deposit of cash reserves at FDIC-insured banks
Payment stablecoins and MMFs share a crucial structural similarity in their susceptibility to run risk during financial stress. Both are designed to provide investors with a stable, cash equivalent asset, backed by underlying reserves — but neither is explicitly guaranteed by the government. As policymakers consider stablecoin regulations, it is essential to recognize the parallels between stablecoins and MMFs, particularly regarding run risks and potential threats to financial stability. Drawing on lessons from past MMF reforms, regulators have the opportunity to craft a regulatory framework for stablecoins that mirrors the credit and liquidity safeguards applied to MMFs. To mitigate systemic vulnerabilities, stablecoin regulation could include the following provisions: Credit quality requirements for reserve assets backing payment stablecoins; Prescriptive reserve composition standards, limiting assets to cash and high-quality liquid securities; Liquidity requirements, such as a minimum percentage of reserves in daily and weekly liquid assets; Maturity limits on reserve assets to reduce duration risk; Liquidity fees triggered when liquid assets fall below predefined thresholds; Custodian requirements mandating securities and other noncash assets reserves be held at regulated custodians; Cash reserves mandated to be deposited at FDIC-insured banks; Daily disclosure of the reserve assets with monthly audits, published on the issuer’s website to enhance transparency; Prohibition on the payment stablecoin issuer lending reserve assets or using reserve assets as collateral; Requiring issuers to assess through stress tests their ability to maintain a $1 net asset value under adverse scenarios;. By drawing on the regulatory lessons learned from MMFs, policymakers have an opportunity to get ahead of the curve. Implementing sensible, risk-based safeguards for stablecoins will not only protect investors and preserve financial stability but also foster growth in the digital asset space. With proactive regulation, the promise of stablecoins can be realized without repeating past mistakes.
Velocity’s Stablecoin Payment Account allows businesses to seamlessly manage fiat and stablecoin transactions in one place, eliminating the need for parallel systems or complex integrations
Velocity announces a $10M pre-seed funding round and emerges from stealth to launch the Stablecoin Payment Account. Traditional financial systems were not designed for a multi-asset economy, limiting the seamless integration of digital assets into existing infrastructure. Velocity bridges this gap by providing a platform where businesses can manage fiat and stablecoin transactions in one place, eliminating the need for parallel systems or complex integrations. Velocity’s Stablecoin Payment Account provides enterprises with a frictionless way to move and manage capital across banks, blockchains, and borders. Designed for seamless integration, the platform combines the speed and programmability of stablecoins, with the rigour and reliability of traditional finance —- solving real-world challenges in cross-border settlement, liquidity management, and treasury operations.
Neema’s Dynamic Routing uses multiple real-time routes between countries and instantly analyses exchange rates, speed, and reliability for every cross-border transaction to identify the optimal route
Neema launched Dynamic Routing, an innovative technology designed to enhance every transaction by maximizing both success rates and cost efficiency. Neema’s extensive cross-border payments network empowers financial institutions across the globe to effortlessly process transactions in over 120 countries. It accommodates the most widely used payment methods and currencies specific to each destination, ensuring that users experience a localized payment environment. The introduction of Dynamic Routing further extends Neema’s vision of building a globally connected financial ecosystem. Dynamic Routing, along with Neema’s vast network of financial partners, enables a smarter method for global money movement. Rather than depending on a single pathway, Dynamic Routing establishes multiple real-time routes between countries. Each transaction it powers undergoes instant analysis, taking into account factors such as exchange rates, speed, and reliability to identify the optimal route. Every payment is personalized, with transfers between the same countries often utilizing different, optimized routes. Additionally, Neema’s AI-driven security infrastructure and expansive international reach provide enhanced visibility into coverage and technical vulnerabilities, allowing the company to effectively address potential gaps while offering one of the most robust quality assurance systems in the industry.
NMI offers Tap to Pay on iPhone for merchants that enables them to accept all forms of contactless payments using only an iPhone and a supporting iOS app without requiring additional hardware
NMI now enables its U.S. customers to seamlessly and securely accept in-person, contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone allows merchants to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay and other digital wallets, using only an iPhone and a supporting iOS app — no additional hardware or payment terminal needed. Using Tap to Pay on iPhone is easy, secure and private. With Tap to Pay on iPhone, at checkout, merchants simply prompt the customer to hold their contactless payment method near the merchant’s iPhone, and the payment is securely completed using NFC technology. Apple’s Tap to Pay on iPhone technology uses the built-in features of iPhone to help protect business and customer data. Apple doesn’t store card numbers on Apple servers, so merchants and customers can rest assured that their data stays theirs. NMI now offers two quick and easy options for enabling Tap to Pay on iPhone: NMI Tap to Pay iOS SDK empowers SaaS developers and fintech providers to embed Tap to Pay capabilities directly into their own iOS applications creating one seamless payment experience. The Cloud Commerce iOS app, powered by Mastercard’s Cloud Commerce solution (available soon on the Apple App Store), enables small businesses to quickly start accepting payments with just an iPhone, no new hardware required.
Neema’s Dynamic Routing uses multiple real-time routes between countries and instantly analyses exchange rates, speed, and reliability for every cross-border transaction to identify the optimal route
Neema launched Dynamic Routing, an innovative technology designed to enhance every transaction by maximizing both success rates and cost efficiency. Neema’s extensive cross-border payments network empowers financial institutions across the globe to effortlessly process transactions in over 120 countries. It accommodates the most widely used payment methods and currencies specific to each destination, ensuring that users experience a localized payment environment. The introduction of Dynamic Routing further extends Neema’s vision of building a globally connected financial ecosystem. Dynamic Routing, along with Neema’s vast network of financial partners, enables a smarter method for global money movement. Rather than depending on a single pathway, Dynamic Routing establishes multiple real-time routes between countries. Each transaction it powers undergoes instant analysis, taking into account factors such as exchange rates, speed, and reliability to identify the optimal route. Every payment is personalized, with transfers between the same countries often utilizing different, optimized routes. Additionally, Neema’s AI-driven security infrastructure and expansive international reach provide enhanced visibility into coverage and technical vulnerabilities, allowing the company to effectively address potential gaps while offering one of the most robust quality assurance systems in the industry.
Tether USDT and, Tron dominate fast-growing stablecoin payments arena, survey shows; Tron was the preferred settlement network, hosting around 60 percent of volume
Tether’s USDT token and the Tron blockchain network dominate the rapidly growing stablecoin payment industry, according analytics firm Artemis with help from investment firms Dragonfly and Castle Island Ventures. Their report looked at data from 31 stablecoin payment companies, and found USDT, the largest stablecoin, accounted for 90 percent of payment transaction volume, followed by Circle’s USDC, the second-largest. Tron was the preferred settlement network, hosting around 60 percent of volume, followed by Ethereum, Binance Smart Chain and Polygon. It’s perhaps surprising that the share of Circle’s USDC isn’t larger, given the firm’s involvement in payments and recent plans to introduce a dedicated cross-border payments network. In addition, Circle, which this week filed for an initial public offering on the New York Stock Exchange, has been taking market share from Tether in terms of issuance, so the expectation might have been a similar or pro-rata level when it comes to payments volume, said Dragonfly general partner Rob Hadick. “For the 31 providers we got data from at least, it’s clear that’s not the case for the payments use case,” Hadick said. “In fact, a higher portion of the volume, relative to the issuance, is happening with Tether, and it’s happening primarily on Tron and then Ethereum. This was quite surprising to us.”
GoCardless’s platform enables merchants to manage both account-to-account collections and customer payouts within a single platform with built-in payments security through reuse of stored bank details and Confirmation of Payee
Bank payment company GoCardless announces the launch of Outbound Payments, a significant expansion of its platform that will enable merchants to send money directly to customers, suppliers, and third parties via GoCardless. Merchants will be able to use GoCardless to manage both account-to-account collections and payouts within a single platform, streamlining operations, simplifying reconciliation and enhancing payment visibility. The introduction of payouts will also help merchants save time and money as they eliminate costly set up, maintenance, and contractual processes by managing both collections and payouts in the same place. Outbound Payments provides built-in payment security as merchants can reuse stored bank details from payment collections to reduce manual errors when paying out. In addition, Confirmation of Payee helps to ensure that payouts reach the right recipient by confirming that the payee’s name matches the registered bank account details before funds are transferred, helping reduce the risk of accidental or fraudulent transfers. Outbound Payments is a direct result of the strategic acquisition and rapid integration of Nuapay, which has a proven track record of processing billions in payout volume.
Spayce integrates ThetaRay’s AI solution into its global payments platform to support continuous analysis of vast volumes of transaction data, detection of nuanced suspicious activity and complex financial crime schemes with greater accuracy
ThetaRay and Spayce, a cross-border payments platform, announced a strategic partnership to combat evolving financial threats and enhance global payment security. The collaboration will be officially unveiled at Money 20/20. Spayce has deployed ThetaRay’s Cognitive AI Transaction Monitoring solution into its global payments infrastructure to enhance its financial crime detection capabilities. ThetaRay’s solution uses Cognitive AI to continuously analyze the vast volumes of transaction data, detecting nuanced suspicious activity, and uncovering complex financial crime schemes with exceptional accuracy. This AI-first approach not only strengthens compliance but empowers Spayce to scale securely, turning regulatory readiness into a foundation for sustainable growth. Spayce, which serves clients ranging from SMBs to large financial institutions in over 200 countries, now gains deeper visibility into transaction flows without compromising speed or customer experience. The result is a smarter, faster, and more secure global payments ecosystem, one where compliance no longer slows expansion, but actively enables it. Peter Reynolds, CEO of ThetaRay “Our partnership with Spayce unites robust payment infrastructure with ThetaRay’s Cognitive AI to deliver proactive risk mitigation, greater transparency, and the trusted cross-border transactions needed to power global growth.”