The Shift from Legacy SWIFT to Multi-Rail Payment Orchestration: Analysing the Future of Cross-Border Flows, Bank Distribution Power, and Stablecoin Integration

This transcript explores the global cross-border payments market, where legacy systems like SWIFT still dominate, but newer rails such as RTP and stablecoins are gaining traction. The market is evolving toward multi-rail platforms, blending traditional banking networks with blockchain and fintech orchestration layers. These platforms are improving transaction speed, liquidity, and cost-efficiency but still face barriers in cross-border compliance, liquidity management, and coordination. Despite the growth of new systems, banks retain control over the last mile, with risks and regulation still heavily bank-driven.