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Successful Migration of the Kenya Electronic Payment and Settlement System to the ISO20022 Global Messaging Standard

Fintech Finance

The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). It is the backbone of Kenya’s domestic and regional payment transactions.

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Stronghold acquires 20022 Labs

Finextra

Stronghold, a leader in innovative digital payment solutions, today announced its acquisition of 20022 Labs, a pioneer in advancing the ISO 20022 financial messaging standard.

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6 Fintech Resources in Asia to Read in Preparation for 2024

Fintech News

These reports from invested financial and technology players provide in-depth insights into areas such as identity fraud, the integration of artificial intelligence in banking, and the evolving landscape of digital payments.

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Fedwire’s ISO 20022 Migration Delayed By Federal Reserve Bank 

PYMNTS

The Payments Market Practice Group asked the Federal Reserve to reassess its approach to the project, which involves a three-phased migration to the ISO 20022 messaging standard for the Fedwire Funds Service. central bank said in a press release on Monday, Sept. The industry group prefers same-day implementation. .

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The Keys To Modernizing B2B Payments: Standards And Starting Small

PYMNTS

In an upcoming webinar with Karen Webster, Vincent Caldeira , chief technologist, FSI, APAC at Red Hat , and Mick Fennell , Business Line Director – Payments at Temenos , will delve into the way FIs will have to modernize and scale into a new “normal” for digital payments to address these issues.

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Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

The seven firms and payments networks include Danske Bank A/S’s MobilePay, which operates in Denmark and Finland; Belgium’s Bancontact Payconiq; Bluecode, which operates in Germany and Austria; Norway’s Vipps; Switzerland’s TWINT; Portugal’s SIBS and Sweden’s Swish. How Cross-Border Payments Are Made.

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Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments

PYMNTS

One of the biggest opportunities is in the ability for real-time payments technologies to not just move money quicker, but to also move rich data along with the transaction, particularly amid spreading adoption of the ISO 20022 payments messaging standard.

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