Sebastien Rousseau
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PAYMENTS

CBPR+

Cross-Border Payments and Reporting Plus — the SWIFT ISO 20022 usage guidelines for correspondent banking.

6 articles

PAYMENTS & MONEY

The 2026 Global Payments Outlook: Operating Model, Risk, and Revenue in an Agentic, Invisible, Real-Time World

The 2026 global payments cycle is defined by three converging forces — agentic commerce, invisible embedded payments, and real-time execution — sitting on top of a tokenised unified ledger under Project Agorá and a hard November 2026 SWIFT structured-address cut-over. This piece synthesises the J.P. Morgan, Global Payments, HSBC and Payments Association 2026 outlooks into a four-pillar G-SIB operating model.

PAYMENTS & MONEY

Cross-Border 2026: ISO 20022, Open Finance and Tokenised Deposits in Corporate Treasury

Cross-border corporate treasury in 2026 is a multi-rail engineering problem. ISO 20022 is the common grammar, A2A and open finance under PSD3/FiDA are the customer-facing rail, tokenised deposits handle the wholesale settlement leg, and SWIFT still anchors the long tail. The interesting work is in the orchestration layer, not the model.

APPLIED AI

From Pain.001 to Programmable Liquidity: ISO 20022 as the Autonomic Nervous System of Treasury in 2026

ISO 20022 in 2026 is the autonomic nervous system of treasury. pain.001 and pacs.008 carry richer data than any MT message ever did. Nearly half of banks remain off-track for the November 2026 SWIFT MT/MX cut-over, structured addresses become mandatory, and agentic treasury cannot exist without MX-native APIs. This article maps the engineering reality, from CBPR+ validation rules to a real pain.001 fragment with PstlAdr fields.

APPLIED AI

ISO 20022 After Migration: Turning Payment Data into Banking Products in 2026

ISO 20022 after migration is not a project closeout — it's the start of a data-product opportunity. Structured addresses, purpose codes, invoice details, and rich status events become reconciliation, fraud, liquidity, and compliance products. The 2026 question is design discipline: which payment data carries which client workflow, priced for which corporate.