Cross-Border Payments
Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation
May 14, 2025
With the banks’ monopoly over customer account information having been overturned by PSD2 and Open Banking, it was expected that 2018 would be a revolutionary year for banking – but the innovations didn’t flood the market as expected. This year however, innovative FinTech companies are coming onto the scene to change payment processing for B2B transactions in Europe. I spoke to UK-based payment processing company Modulr about their latest partnership with Sage and where they see things going in the future.
Read more here.
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