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Banking Transformation Summit USA

International payments: accelerating banks’ transformation

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International payments continue to grow, yet technological advances pose a serious challenge to the incumbents, mainly banks, whose business models were developed at a time when communications were costly, slow and unreliable.

Now, customers demand a new digital standard of service, and innovative competitors are emerging to supply it. At the same time, regulatory activism is driving up the complexity and compliance costs of delivering international payments.

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