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Financial Institutions' Integration of Blockchain Technology for Cross-Border Payment Optimization: A Systematic Analysis.

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Titel: Financial Institutions' Integration of Blockchain Technology for Cross-Border Payment Optimization: A Systematic Analysis.
Autoren: Allam, Srinivas
Quelle: Journal of Computer Science & Technology Studies; 2025, Vol. 7 Issue 8, p70-76, 7p
Schlagwörter: PAYMENT systems, TRANSACTION costs, NETWORK effect, FINANCIAL institutions, FRAUD
Abstract: This systematic article examines the transformative impact of blockchain technology integration within financial institutions' cross-border payment systems. Through detailed assessment of implementation approaches across major banking entities, significant reductions in transaction costs, processing times, and security vulnerabilities emerge as primary benefits. The technological architecture primarily employs consortium blockchains with specialized consensus mechanisms optimized for institutional participants, supported by platforms like Hyperledger Fabric and R3 Corda. Performance metrics demonstrate dramatic improvements in settlement speed, cost efficiency, and fraud prevention compared to traditional correspondent banking models. Regulatory responses have evolved to accommodate distributed payment networks through specialized frameworks addressing compliance requirements while preserving operational advantages. Despite compelling benefits, adoption faces challenges including scalability limitations, organizational readiness, and network effect dependencies. The trajectory points toward increased standardization and interoperability protocols enabling communication between disparate blockchain networks, supporting a multi-chain ecosystem rather than consolidation around a single solution. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Computer Science & Technology Studies is the property of Al-Kindi Center for Research & Development and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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An: 187387370
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  Label: Title
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  Data: Financial Institutions' Integration of Blockchain Technology for Cross-Border Payment Optimization: A Systematic Analysis.
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  Data: <searchLink fieldCode="AR" term="%22Allam%2C+Srinivas%22">Allam, Srinivas</searchLink>
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  Data: Journal of Computer Science & Technology Studies; 2025, Vol. 7 Issue 8, p70-76, 7p
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  Data: <searchLink fieldCode="DE" term="%22PAYMENT+systems%22">PAYMENT systems</searchLink><br /><searchLink fieldCode="DE" term="%22TRANSACTION+costs%22">TRANSACTION costs</searchLink><br /><searchLink fieldCode="DE" term="%22NETWORK+effect%22">NETWORK effect</searchLink><br /><searchLink fieldCode="DE" term="%22FINANCIAL+institutions%22">FINANCIAL institutions</searchLink><br /><searchLink fieldCode="DE" term="%22FRAUD%22">FRAUD</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: This systematic article examines the transformative impact of blockchain technology integration within financial institutions' cross-border payment systems. Through detailed assessment of implementation approaches across major banking entities, significant reductions in transaction costs, processing times, and security vulnerabilities emerge as primary benefits. The technological architecture primarily employs consortium blockchains with specialized consensus mechanisms optimized for institutional participants, supported by platforms like Hyperledger Fabric and R3 Corda. Performance metrics demonstrate dramatic improvements in settlement speed, cost efficiency, and fraud prevention compared to traditional correspondent banking models. Regulatory responses have evolved to accommodate distributed payment networks through specialized frameworks addressing compliance requirements while preserving operational advantages. Despite compelling benefits, adoption faces challenges including scalability limitations, organizational readiness, and network effect dependencies. The trajectory points toward increased standardization and interoperability protocols enabling communication between disparate blockchain networks, supporting a multi-chain ecosystem rather than consolidation around a single solution. [ABSTRACT FROM AUTHOR]
– Name: Abstract
  Label:
  Group: Ab
  Data: <i>Copyright of Journal of Computer Science & Technology Studies is the property of Al-Kindi Center for Research & Development and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – Type: doi
        Value: 10.32996/jcsts.2025.7.8.9
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      – Code: eng
        Text: English
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        PageCount: 7
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      – SubjectFull: PAYMENT systems
        Type: general
      – SubjectFull: TRANSACTION costs
        Type: general
      – SubjectFull: NETWORK effect
        Type: general
      – SubjectFull: FINANCIAL institutions
        Type: general
      – SubjectFull: FRAUD
        Type: general
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      – TitleFull: Financial Institutions' Integration of Blockchain Technology for Cross-Border Payment Optimization: A Systematic Analysis.
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              Text: 2025
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