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TLDR:
The largest real-time cross-border payments network in the world, Dandelion Payments, was featured at the Singapore Fintech Festival. In an interview with Daniel Canning, the Managing Director of Dandelion Payments, he explained how their company serves as an alternative to the Swift system, offering a faster and more efficient way for merchants and institutions to process cross-border payments. Canning also discussed the importance of interoperability and standardization in the industry.
Meeting “the antidote to Swift” Dandelion Payments
A real-time payments alternative, Dandelion Payments is revolutionizing the cross-border payments world with its innovative approach. As the largest real-time cross-border payments network globally, the company offers a faster and more efficient system than the traditional Swift system.
Interview with Daniel Canning
At the Singapore Fintech Festival, Daniel Canning, the Managing Director of Dandelion Payments, spoke about his company’s mission and how they are changing the landscape of cross-border payments. Canning explained that Dandelion Payments serves as an alternative to the Swift system, which is known for its slow and tedious process. Canning highlighted the importance of speed and efficiency in today’s digital world, and how his company provides a solution to this problem.
The Importance of Interoperability
Canning emphasized the importance of interoperability in the cross-border payments industry. Dandelion Payments focuses on building partnerships and connections with various financial institutions and merchants to ensure seamless transactions across different platforms. By providing a unified and interconnected network, Dandelion Payments aims to simplify and streamline the cross-border payments process.
Standardization of ISO 20022
Canning also discussed the standardization of ISO 20022, a global standard for financial messaging. He mentioned that Dandelion Payments is fully compliant with ISO 20022 and believes that standardization is essential for the industry to operate efficiently. By adhering to a common set of rules and protocols, financial institutions and merchants can communicate effectively and process payments in a standardized and secure manner.
The Alternative to Swift
Dandelion Payments positions itself as the antidote to the Swift system, offering a faster and more efficient way to process cross-border payments. While Swift has long been the dominant player in the industry, Dandelion Payments aims to disrupt this market by providing a real-time payments solution that is more cost-effective and transparent. The company’s innovative approach has gained attention from merchants and institutions globally, positioning them as a key player in the cross-border payments sector.
Overall, Dandelion Payments is revolutionizing the cross-border payments industry with its innovative approach. By offering a real-time payments alternative to the traditional Swift system, the company is changing the way merchants and institutions process cross-border transactions. With a focus on interoperability and standardization, Dandelion Payments aims to simplify and streamline the payments process, ultimately providing a more efficient and transparent experience for all parties involved.
