Recent trends in the financial community have produced the growing use of application programming interfaces (APIs) and the adoption of the ISO 20022 have opened up new possibilities for facilitating payment systems. But what are the different approach to enhance cross-border payments that will improve existing correspondent banking arrangements?
In this session, key stakeholders in the banking and financial sector will discuss the framework of the cross-border payments ecosystem in the Kingdom of Saudi Arabia that exists today, explore new ways to address the complexities of providing secure and ubiquitous cross-border payments and how this journey to new technology adoption will shape the future of the payments industry.