Hannah Davis

#payments #iso20022 #banking #fintech

[Payment Infrastructure News @payment_infrast]

'#ISO20022 structured addresses are being largely positioned as a fix for STP failures and sanctions screening false positives. As a practitioner, I think that expectation needs resetting.' A think piece by @99akhil on LinkedIn. https://t.co/yJcKD0thLm

[neira @borjaneira_]

Cross-border payment volume that used to clear through correspondent banking is migrating onto stablecoin rails in growing share

The macro-financial transmission of those balances run through the reserve portfolio behind each claim, whether bank deposit, Treasury bill, or central-bank reserve, and through the conversion capacity of the intermediaries that warehouse the cross-border bridge

The policy debate has not yet caught up with where the reserve dollar lands or how much balance-sheet capacity the bridge can absorb

[Akhil Rao @99akhil]

#ISO20022 Compliance vs Modernization

https://t.co/y22VInx0Pn

#payments @payment_infrast

[Simon Taylor @sytaylor]

The tokenized deposit vs stablecoin fight is a distraction.

Banks multiply money. Stablecoins move it. We need both.

---

The tokenized deposit maxi says:

"Stablecoins are unregulated shadow banking. Everyone will prefer banks when they tokenize."

Some banks and central banks love this narrative.

--

The stablecoin maxi says:

"Banks are dinosaurs. We don't need them on-chain. Stablecoins are the future of money."

Crypto natives love this narrative.

---

Both miss the point.

Banks create cheap credit

Your $100 deposit becomes $90 in loans (and more)

- F500 companies park $500M at JPM.
- Get giant credit lines in return.
- Below-market rates.

The deposits are the bank's business model.

Tokenized deposits preserve this on-chain - but they're ONLY for bank customers.

---

Stablecoins work like cash

Circle and Tether hold 100% reserves. $

- 200B in T-Bills.
- Capture 4-5% yield.
- Pay you zero.

You get money outside any bank's perimeter. $9 trillion moved cross-border via stablecoins in 2025

Works anywhere with Internet. 24/7 without permission.

---

The future is both.

- F500 holds tokenized deposits at JPM.
- Gets favorable credit lines for US operations.
- Pays Argentine supplier.
- Swaps tokenized deposits for USDC.

On-chain. Atomic.

Best of both.

Use legacy rails where they work. Stables where they don't.

---

A rubric:

- Tokenized deposits → cheap credit inside bank perimeters

- Stablecoins → cash-like settlement outside bank rails

- On-chain swaps → instant conversion, zero settlement risk

---

Onchain > APIs

Smart contracts compose logic across multiple businesses and persons.

Deposit --> stablecoin --> invoice paid --> downstream payment happens.

---

e.g.

- When supplier's deposits land
- Smart contracts trigger inventory financing,
- Working capital lines, currency hedges.

From banks and non banks!

---

The future is on-chain

- Tokenized deposits solve for cheap credit.
- Deposits stay captive.
- Banks lend against them.

- Stablecoins solve for portability.
- Money moves anywhere without permission.

---

The tokenized deposit maxi wants regulated rails only.

The stablecoin maxi wants to kill banks.

The future needs both.

F500s want giant credit lines from their bank AND instant global settlement.

Emerging markets want local credit creation AND dollar access. DeFi wants composability AND real-world asset backing.

The fight over which one wins misses what's happening. The future of finance is on-chain. Both tokenized deposits and stablecoins are infrastructure for getting there.

Stop arguing about winners. Start building interoperability.

Composable money.

ST.

[Simon Taylor @sytaylor]

Excellent TL;DR

Read this 👇

[Craig Borysowich @craigwb]

Check out my latest article: Beyond SWIFT: The Strategic Calculus of Tapping Into CIPS and SPFS
https://t.co/jyaGoMDnI9 via @LinkedIn

[Nik @NikMilanovic]

There’s a lot of excitement around Agentic Commerce/Payments emerging over the past few weeks.

"@McKinsey released a report projecting that agentic commerce could drive up to $5 trillion in global sales by 2030.

@Stripe, @OpenAI, @Coinbase, @Google, @PayPal and @Cloudflare have all announced major projects and partnerships in the space.

At the same time, there's still confusion and justified skepticism around what's working in agentic commerce today, what we can expect to see in the near term, and functionality that won't be usable until far in the future."

- Tom Hadley digs in for @twifintech:

[Nik @NikMilanovic]

New episode of @thestablecon's @MoneyCodePod just dropped!

Naveen Mallela (@nvnmallela) from @JPMorgan joined @chuk_xyz and @rparekh to break down how Kinexys is building tokenized deposits and why JPMD could be a big institutional alternative to stablecoins.

They also get into how JPMorgan is rethinking global payments with tokenization and where JPMD, stablecoins, and CBDCs all fit in the future of money.

Sponsored by @BVNKFinance.

Link below 👇

[Simon Taylor @sytaylor]

Just dropped: Citi now says Stablecoins likely to hit $1.9T by 2030 (up from 1.6T estimated in April)

They actually revised it UP.

Stablecoins are going to grow fast but they aren’t alone.

They will co-exist with bank tokens, inc tokenised deposits.

Here's the breakdown

[Spiros Margaris @SpirosMargaris]

Deep Dive:

Agentic AI in Payments and Commerce

https://t.co/2R3KRhRVTV via @Finextra @samboboev

[Akhil Rao @99akhil]

India is calling.

We’re looking to partner with global players in #Blockchain, #Fintech, #Investments, and #DataCenters exploring India for expansion.
Massive market. Skilled talent. Policy tailwinds.

If you’re planning a move—let’s talk.
DMs open.

[Hannah Davis @HDavis_NE]

@LinkCubeApp @payment_infrast @99akhil Of course it does. Fits right in on ramp, off ramp flows.

[Akhil Rao @99akhil]

Which #Crypto providers are #ISO20022 ready? We are now enabling providers to be ISO20022 #payments ready!

[Nth Exception @NthException]

Nucleus #ISO20022 Data Fabric. Enabling structured data for global #payments.

https://t.co/abqsnQb4cl

[Fiorano @FioranoGlobal]

The transition to ISO 20022 in the banking & financial sector is not only a technical update, but a transformative shift towards enriching global payment systems. Since its launch on the SWIFT cross-border network in March 2023, organisations have been navigating the 32-month phase, gearing up for a complete shift by November 2025. This move is reshaping the financial landscape, offering early adopters significant savings in time, cost, and resources.

However, did you know?

ISO 20022 tackles the long-standing challenge of data quality in payments. Historically, a staggering 85-94% of payment data has been unstructured, leading to manual interventions in 10% of transactions. With ISO 20022, we're ushering in an era of structured payments data that promises to streamline international transactions, enhance regulatory reporting, and elevate the payment experience for businesses and customers alike.

Download the whitepaper "Migrating to ISO 20022 - Getting Ready for Structured Payments Data" below by Fiorano and @NthException for an in-depth look at how this global standard is transforming financial services.

https://t.co/lGrHDq3RJj

#fiorano #nthexception #iso20022 #paymentsstructure #digitalpayments #structuredpayments #mxmt

[Nth Exception @NthException]

The impacts of #ISO20022 on transaction #banking

https://t.co/j8h9p2iuEw
#payments #fintech
@tradefinglobal @CIOonline @GTreasury @TMI_live @TGTreasurer @financialit_net

[Nth Exception @NthException]

iPaaS is Passé and HIP Ain't hip

https://t.co/2fTwVVb1X3 #payments #cloud #banking

[Hannah Davis @HDavis_NE]

@bankofengland @Chris_Skinner

[Hannah Davis @HDavis_NE]

@cgledhill 😂

[Hannah Davis @HDavis_NE]

We are so glad to be the runner up in the #ISO20022 ideathon 🙌🏻

[UK Finance @UKFtweets]

Our Ideathon finalists have been announced.

Representatives from @BarclaysUK, LMS (Legal Marketing Services), @NatWestGroup and @NthException and @PwC_UK will present their ideas to a panel of judges live at the Digital Innovation Summit #UKFinanceDIS.

https://t.co/K66HBKq0jb