Twist targets corporates with new payments standards

The so-called 'payments kernel' was developed in conjunction with Swift, the International Financial Exchange Forum and the Open Applications Group to improve working capital management within companies.

The new standards are for automated processing and reconciliation of payments and processing of invoices and invoice disputes, including several corporate-to-bank payment initiation and status messages.

Proponents of the new standards are hoping the move will drive more corporates to use Twi