Julie Guetta

This roundtable reflects Elevandi’s commitment to developing the infrastructure to support the adoption of new technologies.

The quest for cheaper, faster, more transparent and accessible cross-border payments has become a central focus for policymakers and financial institutions worldwide. At the forefront of this initiative is the G20 Roadmap for Enhancing Cross-border Payments, setting ambitious targets on speed, cost, transparency and accessibility by the end of 2027, while also prioritising safety and financial inclusion globally.

In tandem with this global effort, the Bank for International Settlements (BIS) introduced Project Nexus in 2021, an innovative initiative aimed at reshaping the landscape of cross-border payments. Through Nexus, the BIS has developed a multilateral and standardised approach in connecting fast payment systems globally to enable instant and seamless cross-border payments. Over the past two years, Project Nexus has conducted a successful proof-of-concept with the fast payment systems in the Eurozone, Malaysia, and Singapore. Notably, it has also facilitated collaboration among five Southeast Asian countries to link their fast payment systems.

With the completion of Phase III of Project Nexus, it promises to reveal ground-breaking advancements towards establishing a global multilateral payments platform. Under the theme of Decoding Digital Assets and Payments, this upcoming roundtable presents a rare opportunity for attendees to gain insights into the blueprint for this pioneering cross-border payments model. With the potential to revolutionise the current state of the global financial market infrastructure, Project Nexus is poised to redefine the future of cross-border transactions.

Attendees who wish to familiarise themselves with the topic may refer to the reference materials below.
- Nexus project page
- Latest (2024) Nexus report
- Enabling & scaling instant cross-border payments
- Connecting to global scalability in payments: How we can benefit and contribute to the nexus
- Nexus: enabling instant cross-border payments

As financial services expand, consumers enjoy a myriad of choices for instant payments from an evolving ecosystem of providers. However, many of these solutions are designed for domestic use and lack true interoperability, limiting their cross-border utility. We will explore how leveraging technologies like blockchain, tokenised assets, and CBDCs, alongside globally aligned standards such as ISO 20022, can mitigate fragmentation risks and connect ‘digital islands’. Discover how these innovations can herald a new era of seamless interoperability for cross-border payments, enhancing efficiency, security, and global financial connectivity.

The curation of content and speakers was wholly managed by Swift and does not reflect the views of the organisers or its staff.