Wire · operational-macro
Reforming cross-border payments
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Fusion42 · 29 August 2026 · Fusion42 review
The Financial Stability Board and Bank of England emphasize ongoing efforts to reform cross-border payments by addressing cost, speed, transparency, and security, aiming to complete the G20's roadmap. Despite progress like ISO 20022 adoption and extended RTGS hours, challenges remain due to geopolitical shifts, technological acceleration, and rising fraud risks, requiring continued private and public sector cooperation.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Cross-border payment reforms are entering a critical phase where delays and costs will no longer be tolerated, and you need to align your payment system developments with latest ISO standards and AML regulations to stay competitive. Evolving geopolitical and fraud threats also mean your compliance and risk teams must upgrade defences or face losing market access.
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1 source · 29 Aug 2026
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