Assessments and IBAN - Payments Space

Navigating AML obligations in the age of virtual IBANs

The Payments Association

FEBRUARY 10, 2025

Navigating AML obligations in the age of virtual IBANs February 10 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The compliance challenges of virtual IBANs, focusing on AML obligations and regulatory gaps. Why is it important? What’s next?

IBAN

IBAN AML Master Account Due Diligence

Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

FEBRUARY 10, 2025

Businesses must proactively assess fraud risks, implement adequate procedures, leverage technology for fraud detection, and foster a culture of compliance to avoid regulatory penalties. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. What’s next?

Crime

Crime Fraud Prevention Risk Assessment Due Diligence

Clear Junction Named as One of Europe’s Fastest Growing Companies for Second Year Running

Fintech Finance

MARCH 11, 2025

over the assessed period. The company now operates in over 100 countries and territories, processes more than €50 billion in payments annually, serves over 300 financial institutions worldwide, and supports more than 10 million end customers with virtual IBANs – reinforcing its role as a trusted leader in cross-border payments.

Cross-Border Payments

Cross-Border Payments Cross-Border Correspondent Multi-Currency

Clear Junction Named as One of Europe’s Fastest Growing Companies for Second Year Running

Fintech Finance

MARCH 10, 2025

over the assessed period. The company now operates in over 100 countries and territories, processes more than €50 billion in payments annually, serves over 300 financial institutions worldwide, and supports more than 10 million end customers with virtual IBANs – reinforcing its role as a trusted leader in cross-border payments.

Cross-Border Payments

Cross-Border Payments Cross-Border Correspondent Multi-Currency

EBA publishes No Action letter on the interplay between Payment Services Directive (PSD2/3) and Markets in Crypto-Assets Regulation (MiCA)

Neopay

JUNE 26, 2025

The letter assesses the provisions set out in MiCA and PSD2 and advises NCAs under PSD2 to view the transfer of crypto assets as a payment service under PSD2 where they entail EMTs and are carried out by the entities on behalf of their clients.

Regulations

Regulations IBAN Payments Authorization

Clear Junction Named as One of Europe’s Fastest Growing Companies for Second Year Running

Fintech Finance

MARCH 6, 2025

over the assessed period. The company now operates in over 100 countries and territories, processes more than 50 billion in payments annually, serves over 300 financial institutions worldwide, and supports more than 10 million end customers with virtual IBANs reinforcing its role as a trusted leader in cross-border payments.

Cross-Border Payments

Cross-Border Payments Cross-Border Correspondent Multi-Currency

Real-time payments: The innovation opportunity many banks are missing

The Payments Association

APRIL 23, 2025

Success demands a multi-faceted approach that begins with a thorough infrastructure assessment. Systems that verify the IBAN matches with the intended recipients name notably a feature not previously mandatory in SEPA credit transfers are now compulsory.

Real Time Payments

Real Time Payments Innovation Instant Payments Payments

EU agrees game-changing deal for instant payments

Neopay

NOVEMBER 27, 2023

Not only will the move make instant euro payments universally available and affordable, it will also increase trust thanks to an obligation on providers to verify the match between the IBAN and the name of the beneficiary provided by the payer, says the Council.

Instant Payments

Instant Payments Non-Bank IBAN Stablecoins

European Council Rolls Out Instant Payments Regulations, Eyeing EU Single Market for Capital

The Fintech Times

FEBRUARY 28, 2024

Tackling fraud in a single market Under the new rules, instant payment providers will need to verify that the beneficiary’s IBAN and name match in order to alert the payer to possible mistakes or fraud before a transaction is made. This requirement will apply to regular transfers too.

Instant Payments

Instant Payments Regulations Non-Bank Payments

Clear Junction Named as One of Europe’s Fastest Growing Companies

Fintech Finance

MARCH 18, 2024

average growth rate during the assessed time period. The rankings reflect those entities that are building a sustainable pace of growth and thriving amid an uncertain macroeconomic situation punctuated by military conflicts, high interest rates and rising costs. The minimum average growth rate required to be included on the list was 36.9%.

Cross-Border Payments

Cross-Border Payments Stablecoins Cross-Border IBAN

This Week in Fintech: TFT Bi-Weekly News Roundup 09/01

The Fintech Times

JANUARY 9, 2024

This complements Andaria’s existing dedicated IBANs, business accounts and suite of services. The partnership will focus on knowledge sharing across both NTT DATA and Armstrong Wolfe communities, and expanding insights around key topics, including operational resilience, non-financial risk, emerging risk assessment and horizon scanning.

FinTech

FinTech Non-Bank Cross-Border Payments Embedded Finance

VCs Back Supply Chain, Corporate Banking Disruptors

PYMNTS

JULY 7, 2017

With that information, the company assesses risk on those unpaid bills for suppliers to access financing while they wait for customers to pay up. Invoice Finance. based Previse deploys artificial intelligence to determine how likely it is a company will pay its supplier invoice. This week, Previse announced early $2.6

Online and Mobile Banking

Online and Mobile Banking B2B IBAN Payee

Wire Transfer vs Electronic Transfer

EBizCharge

APRIL 25, 2024

International wire transfers may involve intermediary banks and require additional information, such as SWIFT or IBAN codes , to facilitate cross-border payments effectively. The sending institution then communicates with the recipient’s institution via a secure electronic network.

Wire Transfer

Wire Transfer Wire Wires Electronic Funds Transfer (EFT)

Payments Space

Navigating AML obligations in the age of virtual IBANs

Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

Trending Sources

Clear Junction Named as One of Europe’s Fastest Growing Companies for Second Year Running

Clear Junction Named as One of Europe’s Fastest Growing Companies for Second Year Running

EBA publishes No Action letter on the interplay between Payment Services Directive (PSD2/3) and Markets in Crypto-Assets Regulation (MiCA)

Clear Junction Named as One of Europe’s Fastest Growing Companies for Second Year Running

Real-time payments: The innovation opportunity many banks are missing

EU agrees game-changing deal for instant payments

European Council Rolls Out Instant Payments Regulations, Eyeing EU Single Market for Capital

Clear Junction Named as One of Europe’s Fastest Growing Companies

This Week in Fintech: TFT Bi-Weekly News Roundup 09/01

VCs Back Supply Chain, Corporate Banking Disruptors

Wire Transfer vs Electronic Transfer

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