{
  "id": 5463792,
  "title": "Bottomline Partners With Chainlink to Connect 600 Banks to Blockchain Settlement",
  "url": "https://urgent.news/2026/09/04/bottomline-partners-with-chainlink-to-connect-600-banks-to-blockchain",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T01:45:49.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/blockchain/2026/bottomline-partners-with-chainlink-to-connect-600-banks-to-blockchain-settlement/"
  },
  "original_language": "en",
  "account": "Bottomline, a leading provider of Swift services, has entered a partnership with Chainlink to enable over 600 bank clients to utilize blockchain-based cross-border settlement, as reported by Bitcoin.com. This collaboration represents one of the most significant efforts to integrate the Swift messaging network, a staple in banking for decades, with both public and private blockchains. According to Bitcoin.com, Bottomline handles over $16 trillion in annual payments and caters to more than 600 banks, 1,200 financial institutions, and 10,000 businesses globally.\n\nThe heart of this new partnership lies in how banks will continue to transmit payment instructions via the ISO 20022 messaging standard while Chainlink’s technology oversees the transfer of these instructions to blockchain settlement processes. Critical to this setup is Bottomline’s Cross-Chain Interoperability Protocol (CCIP), which facilitates the movement of tokenized value between distinct blockchain networks, and Chainlink’s Runtime Environment, which orchestrates the overall payment workflow. Bitcoin.com highlights that despite the widespread use of the ISO 20022 standard, cross-border payments can still take days to settle and may incur costs equivalent to 5% or more of the transfer's value. This delay and expense arise from the money passing through various intermediary banks along the way.\n\nThe partnership aims to streamline this process without necessitating banks to overhaul their existing core systems. It aligns with Chainlink's broader strategy, exemplified by Project Pangea, which has already established connections with more than 50 banks across Europe and South Korea, collectively managing assets worth over $10 trillion. Since July 2023, CCIP has been operational and now links over 60 blockchain networks. Industry players such as JPMorgan Chase, ANZ Bank, UBS Asset Management, and the Hong Kong Monetary Authority have already leveraged this technology for cross-chain and cross-border transactions.\n\nNotably, the partnership allows banks the flexibility to choose whether to move payments directly on the blockchain, though it does not obligate them to do so. PYMNTS.com has previously covered Bottomline's recent strides in payment technology. In July, the company collaborated with American Express to integrate its Paymode supplier network with Amex’s Buyer Initiated Payments program. Earlier in June, Bottomline unveiled its CFO Suite, an AI-driven platform that consolidates treasury forecasting, accounts payable, and accounts receivable into a unified system.",
  "summary": "Bottomline, a top-three provider of Swift services, has partnered with Chainlink to give more than 600 bank customers access to blockchain-based cross-border settlement. The deal is one of the largest efforts yet to link the Swift messaging network, which banks have relied on for decades, with public and private blockchains, according to a report from […] The post Bottomline Partners With…",
  "key_points": [],
  "editors_take": "This partnership enables over 600 banks to tap into blockchain-based cross-border settlement without overhauling existing systems, potentially reducing settlement delays and costs associated with traditional banking processes.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}