New demands for cross-border payments

The right tools for cross-border payments

For a long time, cross-border and high-value payments were considered a less innovative segment of the financial industry. Apart from the introduction of online banking, little has changed here in recent decades. But then numerous FinTechs entered the market for easily standardised financial services. And now the European and international payments landscape is changing ever more dynamically: ISO 20022, SWIFT gpi and instant payments are the buzzwords of payments of the future.

Everything is new in global payments:

European and global financial service providers are constantly faced with new regulations and standardisations.
FinTechs are pushing into the market with innovative financial services.
Customer expectations are constantly increasing.
The solution is process optimisation, consistent digitalisation and the right strategy.
PPI brings decades of expertise to the consulting process.

Milestones on the way to the financial landscape of tomorrow

Symbolic overview of global payment flows between the continents
**International payment flows are increasing**
Enormous sums of money flow between Europe, North America and Asia every day, but transactions between other regions are also taking place with increasing frequency.

Simple, fast and transparent payments processing in a secure environment with better service quality is just one goal of cross-border payments. SWIFT gpi addresses precisely this issue, but of course, a single new service is not enough. Innovative cross-border real-time payments services are transforming the global financial landscape.

The ongoing task of integration

At the same time, financial institutions have to continuously adapt new regulations, standardisations and initiatives from the industry – such as the ISO 20022 standard in TARGET2 or SWIFT. The initiatives are driven by various players and hold the potential for massive upheaval in the international payments landscape. In order to hold strong in the face of this, financial institutions must optimise their processes, use new technologies and consistently implement digitalisation strategies.

Experts in all things payments

PPI advises financial service providers with in-depth, decades-long expertise in the definition and implementation of individually required measures. Our payments experts support the institutions at every point on the way to the market for global payments of tomorrow – from the definition of the strategic orientation and the selection of suitable solution providers to concrete milestone planning for the implementation of new applications.

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Sabine Aigner

Manager

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Thomas Ambühler

Managing Consultant

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Our services at a glance

T2 (TARGET2)

For years, financial institutions and other market participants have been employing uniform European payments solutions. The next important step on the way to a global, unified payments infrastructure is the T2/T2S consolidation of the Eurosystem. With TRAVIC-Payment Hub by PPI, financial service providers are well positioned for this.

SWIFT gpi

SWIFT is launching a new service for its entire global user community. With this step, all of the approximately 10,000 financial institutions connected to the global network can use SWIFT's global payments innovation (gpi) for cross-border payments. The goal: fast, traceable and transparent transactions. Security and fee transparency are key elements. PPI supports financial institutions with the introduction.

SWIFT MX

Changes in international payments are progressing steadily. The pressure on financial institutions to meet the increasing demand for transparency is enormous. With SWIFT MX, SWIFT ventures the leap to the ISO 20022 format. The experts of PPI support you in the migration with their experience from many projects around this standard.

Global instant payments

In the medium term, SEPA instant payments will be established as the new standard for credit transfers in the euro area. This allows transactions to be carried out quickly and securely from the payment order to the receipt of funds – end to end and nearly in real time. Private and corporate customers alike benefit from this. The combination of TRAVIC-Payment Hub and TRAVIC-Interbank is ideally equipped to meet these challenges.

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