BNY Mellon announced the release of two research papers focused on the range of payment channels and capabilities that are being made available, and what their impact will mean for clients in the future. The reports highlight that innovations in payments and digital currencies will ultimately allow banks to make domestic and cross-border transactions faster, more frictionless, efficient, transparent and cost-effective; and also discuss how firms need to achieve interoperability among both old and new solutions to ensure streamlined transactions.
