Instant cross-border payments will be instrumental to this trend, yet their implementation involves particular challenges. Compared to payments in a unified domestic market, the challenges in the cross-border space are more complicated because of the multiple currencies and regulatory systems involved. It is essential to ensure compliance with the disparate anti-money-laundering regulations of different jurisdictions without impairing the customer experience. In this dynamic industry landscape, banks will need to adopt new technologies and working models to ensure they stay out in front of the ascendant cross-border payments trend..
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