Cross-border money movement is a significant part of the global payments ecosystem. The volume of international payment transactions has grown substantially in the past several years and this growth is expected to continue.
As a result of this rapid expansion, the need for speed, predictability, and reliability becomes imperative. But the complexity of cross-border money movement often provides challenges to seamless and predictable processing. Institutions face hurdles such as potentially lengthy settlement times, risks associated with human intervention in processing, and variability in standards across borders.
But there are strategies and tools businesses can implement to help ensure a more seamless and predictable cross-border money movement process.
Top strategies include:
- Pre-payment validation, tracking and analysis to help minimize delays and errors
- Automation with artificial intelligence and machine learning to help minimize human errors
- Strategic technology partnerships to fulfill specific needs more efficiently and effectively
Download our white paper (PDF) to learn more about strategies that will streamline the cross-border payment process for a more predictable, seamless, and timely experience.
SDI-TM-13079 07|22
