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Navigating AML obligations in the age of virtual IBANs

The Payments Association

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? Previous slide Next slide What are vIBANs?

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LSEG Risk Intelligence Deploys Account Verification to Tackle Payment Fraud

Fintech News

LSEG Risk Intelligence has launched its Global Account Verification (GAV) service in Asia-Pacific and Europe, the Middle East, and Africa, expanding efforts to enhance security in cross-border payments. By October 2025, Eurozone providers must conduct mandatory account name-IBAN checks for transactions.

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Sokin & ExCel London Announce Global Payments Partnership

Fintech Finance

Financial technology specialist Sokin has today announced it has become the Official Global Payments Partner of Excel London. Sokin will enhance global payments at Excel, soon to be Europe’s largest fully integrated events venue, by streamlining cross-border transactions, increasing efficiencies and reducing costs.

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Payset Unveils New Website to Usher in a New Era of Speed, Simplicity, and Global Payment Solutions

Fintech Finance

Payset is transforming the way businesses handle international finance with its global payments platform. In advance of the launch, media and prospective users are invited to explore the site here: [link] payset.io/ to experience firsthand how Payset is evolving to greet the future of global payments.

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Emirates NBD Partners With iPiD to Enhance Payment Safety With Global Payee Verification

Fintech Finance

Emirates NBD , a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has announced its partnership with iPiD , a global Know Your Payee (KYP) validation provider. The collaboration will enable Emirates NBD to provide real-time beneficiary validation for cross-border payments.

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ConnectPay partners with InSoil for EU expansion

The Paypers

The integration will allow InSoil users to access features such as personal IBAN accounts, multi-currency settlements, and digital wallets. The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about latest developments in the industry.

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IFX Payments selects Form3 for its Verification of Payee solution

The Paypers

More information on the IFX Payments x Form3 collaboration According to the official press release, the VoP scheme was developed to reduce fraud and payment errors by verifying that the payees name matches their PSPs records for the given IBAN.

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