Cross-border interbank payments and settlements: Emerging opportunities for digital transformation

Yi Meng LAU
et al

I was involved in this project / report when I was with my previous organization. It is an industry report published by MAS as part of the Project Ubin initiative - Phase 4. (https://www.mas.gov.sg/schemes-and-initiatives/Project-Ubin) The press release in 18 Nov 2018. https://www.mas.gov.sg/-/media/MAS/ProjectUbin/Cross-Border-Interbank-Payments-and-Settlements.pdf?la=en&hash=5472F1876CFA9439591F06CE3C7E522F01F47EB6 The pdf version of the report can be found here. https://www.mas.gov.sg/news/media-releases/2018/assessment-on-emerging-opportunities-for-digital-transformation-in-cross-border-payments Not sure if this is suitable to be submitted as part of publication. Thanks so much.

Abstract

The report “Cross-Border Interbank Payments and Settlements” is a cross-jurisdictional industry collaboration between Canada, Singapore and the United Kingdom to examine the existing challenges and frictions that arise when undertaking crossborder payments. This report explores proposals for new and more efficient models for processing cross-border transactions.