Handling Data Transition Latency Between Different Geographical Locations in Cross-Border Banking Transactions

Abstract

The globalization of banking has led to an increase in cross-border financial transactions. However, latency in processing these transactions poses significant challenges due to the physical distance between data centers located across the globe. This latency impacts transaction speed, customer satisfaction, and regulatory compliance. This paper explores the root causes of data transition latency in cross-border banking transactions, highlights current solutions, and proposes innovative approaches to minimize latency. It emphasizes the importance of leveraging edge computing, optimized routing algorithms, and distributed ledger technologies to enhance transaction processing efficiency while maintaining security and compliance standards.