Mikhail Hamilton

In today’s interconnected world, the boundaries meant to keep businesses confined within certain geographical limits have dramatically shifted. Technological advancements facilitate seamless operations across continents, allowing companies to tap into burgeoning markets and harness a global talent pool. However, while technology has made geographical barriers increasingly irrelevant, it has not yet entirely overcome the challenge of managing payments for an

The BIS Committee on Payments and Market Infrastructures (CPMI) has recently announced new initiatives aimed at promoting the adoption of harmonized ISO 20022 data requirements for enhanced cross-border payments. This move seeks to streamline and standardize the processes involved in making cross-border payments, thereby enhancing efficiency. The CPMI plans to oversee these data requirements until the conclusion of the G20

The persistent reliance on paper checks for B2B transactions continues to pose significant challenges, creating a tug-of-war between buyers and suppliers where each party strives to meet its own financial goals. Buyers aim to hold onto their cash for as long as possible, while suppliers seek prompt payments to manage their accounts efficiently. The need for full engagement from all