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BAFT 2021: Honoring Top Performers | Global Finance Magazine

BAFT 2021: Honoring Top Performers | Global Finance Magazine
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BAFT 2021: Adversity Breeds Opportunity | Global Finance Magazine

BAFT 2021: Adversity Breeds Opportunity | Global Finance Magazine
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AIIB approves sovereign loan for Pakistan hydro scheme

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Analysis: Why Baft has faster cross-border payments in its sights

The Bankers Association for Finance and Trade (Baft) has released a new whitepaper that provides recommendations and key considerations for the development of high-speed cross-border payments around the world.
Produced by Baft’s cross-border faster payments working group, which is made up of 24 members based in North America, Europe, the Middle East and North Africa and the Asia Pacific region, the paper, titled
Enabling Faster Payments Across Borders, is the first step of Baft’s larger strategy to facilitate global faster payments by encouraging the designers of national and regional payments systems to include the capability at the outset.
“Baseline standards and processes must be established to address the open issues that make real progress on cross-border faster payments difficult to attain,” says Samantha Pelosi, senior vice-president for payments and innovation at Baft and co-chair of the working group. “These issues fall into three broad categories o ....

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People are primary concern in business continuity planning

People are primary concern in business continuity planning
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