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Archive · July 15, 2025

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Story 01

Federal Reserve Adopts ISO 20022 for Fedwire, Boosts Global Transaction Efficiency

On July 14, the Federal Reserve Financial Services successfully implemented the ISO 20022 message format for the Fedwire Funds Service. This upgrade enhances transaction efficiency and aligns with global financial communication standards, promising faster and more transparent transactions. This move is pivotal for financial institutions adapting to global standards.

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Also Worth Knowing
№02

JP Morgan Introduces Fees for Fintechs Accessing Customer Data

JP Morgan plans to charge fintech companies for access to customer data, a strategic move that underscores the increasing value of data in finance. This decision could significantly alter the relationship between traditional banks and fintech firms, impacting data privacy and monetization strategies.

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№03

Lloyds and Aberdeen Use Tokenised Assets in FX Trades, a UK First

Lloyds Banking Group and Aberdeen Investments have pioneered the use of tokenised real-world assets as collateral for FX trades. This groundbreaking use of blockchain technology in mainstream banking could set a precedent for digital assets in financial transactions, enhancing security and liquidity.

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№04

Antitrust Lawsuit Against Apple, Visa, and Mastercard Dismissed

A U.S. judge has dismissed an antitrust lawsuit against Apple, Visa, and Mastercard, which was centered on alleged suppression of payment card competition. This ruling allows these major players to continue their operations without legal distractions, maintaining their market strategies.

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№05

Lloyds Bank Poised to Acquire Digital Wallet Curve, Expanding Digital Services

Lloyds Bank is in advanced talks to acquire digital wallet provider Curve, signaling a strategic shift towards integrating more digital and mobile-first financial services. This acquisition could significantly enhance Lloyds' consumer offerings and competitive edge in the digital banking space.

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The Long Memory
“Did you know that the ISO 20022 standard, now adopted by the Fedwire Funds Service, is set to become the global standard for financial communications, affecting all major currencies by 2025?

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