The Year in Cross Border Payments and Correspondent Banking: Key Takeaways
Powerful forces are shaking the foundation of correspondent banking.
3 min read
Daisy Lin, Head of Marketing, Acceleron : 9/18/24 9:20 AM
Fiserv Forum 2024 is almost here, and it's shaping up to be an extraordinary event with business development sessions and special guest appearances by celebrities like Michael Phelps and Katie Couric. Taking place from September 29 to October 1 at the Venetian in Las Vegas, the Forum will offer an unparalleled blend of education, networking, and thought leadership.
This year’s agenda includes 100+ sessions across tracks tailored to banks, credit unions, enterprise merchants, and fintechs, focusing on cutting-edge topics like banking innovation, digital transformation, omnichannel commerce, risk management, and more.
An area of focus at this year’s Forum will be international payments. As highlighted in Fiserv's article How Wire Transfers Meet Your Commercial Clients’ International Money-Movement Needs, a growing number of companies in the U.S. are expanding into international business, driven by the rise in global e-commerce and international investment.
Acceleron’s mission is to help community financial institutions tap into this trend, empowering them to better compete with larger institutions. With our software already pre-integrated into leading payment platforms, we’ll be closely following key sessions highlighting the latest innovations in international payments. To help you get the most out of the conference, we've curated a list of the 3 top must-attend sessions.
1. Navigating the New World of ISO 20022Why attend:
This session is useful for financial institutions in the midst of transitioning to ISO 20022, the international standard for financial messaging. This session will delve into the challenges and opportunities surrounding ISO 20022 adoption in North America and provide practical insights into managing the transition effectively. You’ll discover how to achieve operational efficiency through the Fiserv ecosystem, gaining a clear understanding of the tools and strategies needed to successfully navigate this shift.
For background reading on why Metropolitan Bank began offering international payments to clients, read our article:
2. FX Optimization as a Global Payments Strategy
Why attend:
Join a panel of global brands and financial institutions as they share experiences and insights on implementing FX solutions. Learn how their approach to foreign exchange drives better customer experiences, increases revenue, and delivers innovation to their clients.
For more background reading on FX optimization and global payments opportunities for generating non-interest income, read our article:
3. Payments Exchange and Your Financial Institution
Why attend:
Wire transfers are essential for retail customers and commercial clients alike. Discover how the Fiserv Payments Exchange interface offers financial institutions an affordable option to enhance the efficiency and security of wire transfer processes. Understand the role of foreign exchange services in international transfers and learn about the mandatory migration to ISO20022 and other upcoming changes.
For more background reading on integration of FX automation on Payments Exchange, read our article:
Maximize Your Conference Experience
Fiserv Forum provides a prime opportunity for networking. If you're looking to explore international payment strategies with our team, be sure to schedule a meeting in advance — meet with us and you’ll receive a Starbucks gift card! Limited meeting slots are available, so reserve yours before they're gone.
We look forward to seeing you at the Fiserv Forum 2024 and helping you navigate the future of international payments and fintech innovation.
Acceleron builds cutting-edge software that allows community banks and credit unions to conduct international payment transactions profitably through a foreign exchange (FX) marketplace. Serving over 200 financial institutions and facilitating more than $1 billion in international payments annually, Acceleron helps small banks generate non-interest income and compete more effectively with high-fee big banks. Our solutions integrate seamlessly with Fiserv, ensuring quick implementation and smooth operation.
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Powerful forces are shaking the foundation of correspondent banking.
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