𝗪𝗵𝗼 𝗼𝘄𝗻𝘀 𝗰𝗿𝗼𝘀𝘀 𝗯𝗼𝗿𝗱𝗲𝗿 𝘄𝗵𝗲𝗻 𝗶𝘁 𝗵𝗶𝘁𝘀 𝟮𝟵𝟬 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻? In this first part of the Payments Pulse series, Convera sets out how cross border volumes are growing, why correspondent networks are thinning and what that means for future infrastructure. • 𝗚𝗹𝗼𝗯𝗮𝗹 𝗰𝗿𝗼𝘀𝘀 𝗯𝗼𝗿𝗱𝗲𝗿 𝗳𝗹𝗼𝘄𝘀 𝗵𝗮𝘃𝗲 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝘀𝘁𝗿𝗼𝗻𝗴𝗹𝘆 𝗶𝗻 𝗯𝗼𝘁𝗵 𝘃𝗮𝗹𝘂𝗲 𝗮𝗻𝗱 𝘃𝗼𝗹𝘂𝗺𝗲, while the number of correspondent banking relationships has fallen. • 𝗕𝟮𝗕 𝗮𝗻𝗱 𝘄𝗵𝗼𝗹𝗲𝘀𝗮𝗹𝗲 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗱𝗿𝗶𝘃𝗲 𝗺𝗼𝘀𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗴𝗿𝗼𝘄th, supported by global ecommerce and automated accounts payable and receivable. • 𝗦𝗺𝗮𝗹𝗹 𝗮𝗻𝗱 𝗺𝗶𝗱 𝘀𝗶𝘇𝗲𝗱 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 𝘀𝘁𝗶𝗹𝗹 𝗳𝗮𝗰𝗲 𝗵𝗶𝗴𝗵 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴 𝗰𝗼𝘀𝘁𝘀, slow settlement and cash flow strain when dealing internationally. • 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗽𝗮𝘁𝗵𝘀 𝗮𝗿𝗲 𝗱𝗶𝘃𝗲𝗿𝗴𝗶𝗻𝗴, with a more deregulatory stance in the United States and stricter regimes in Europe, especially around crypto and open banking. The system is being asked to move more value with fewer correspondent links and tighter rules. That opens space for new networks that combine ISO 20022 data, direct RTP connections and regulated digital assets. Banks that do not redesign for this will leave room for specialist cross border platforms to sit in front of them. 📖 The Payments Pulse Part 1: Trends Shaping the Cross-Border Payments Market, Convera, 2025.
Augustas Staras
5mo
fascinating breakdown. how do smaller players build for this scale?
Thinning correspondent networks highlight why innovation in cross-border payments is urgent.