Regs, not tech, create most cross-border payment issues – panel
One speaker tells London Meetings that ‘last mile’ compliance causes 80% of delays
The issues surrounding cross-border payments have more to do with regulation than the technology itself, panellists told the Central Banking London meetings.
The panel included officials from three central banks – in Europe, Asia and Latin America – and a managing director from a financial messaging service.
The managing director opened the discussion by noting there had been a lot of theorising as to why cross-border payments were slow. However, it was “becoming more and more visible that it’s
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