Fintech Finance

OCTOBER 23, 2024

The research aimed to evaluate the state of instant payments across the European banking sector. Key findings from the survey include: Only 33% of respondents reported that they are ready to meet the EU’s instant payment deadlines. With only 17% of organizations relying solely on real-time screening measures.

Instant Payments 105

Instant Payments ISO 20022 Regulations Fraud Detection 105

Fintech Finance

JULY 11, 2024

Finastra , a global provider of financial software applications and marketplaces, today announced the completion of a Swiss Interbank Clearing (SIC) instant payments readiness project. Using Finastra’s cloud-based Service Bureau offering, Swiss banks can seamlessly transition to facilitating instant interbank payments.

Instant Payments 115

Instant Payments Facilitators ISO 20022 Message Standards 115

Fintech Finance

APRIL 24, 2025

Thought Machine , the cloud-native banking technology company, today announces that Bpifrance , France’s public investment bank, has successfully gone live on Vault Payments, Thought Machine’s next-generation payment processing platform, for SEPA Instant Credit Transfer with TIPS.

Instant Payments 59

Instant Payments ISO 20022 Payments SWIFT 59

PYMNTS

SEPTEMBER 29, 2020

In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative. Separately, research finds B2B payments as the key driver behind surging instant payments volume in the years ahead.

Instant Payments 129

Instant Payments B2B Innovation ISO 20022 129

Fintech Finance

JULY 9, 2024

Volante Technologies , the global leader in payments as a service, today announced that Azqore , a business and technology partner for wealth managers, has selected Volante’s Payments as a Service (PaaS) to deliver SEPA instant payments and ISO 20022 messaging services to its customer base.

ISO 20022 97

ISO 20022 ISOs Technology Instant Payments 97

Fintech Finance

SEPTEMBER 24, 2024

Fime has been selected by BancNet , the Philippine-based domestic scheme, to support the onboarding, testing and certification process for its instant payments service, InstaPay. This will allow institutions to launch their instant payments services to their customers more quickly.

Instant Payments 95

Instant Payments ISO 20022 ISOs Financial Inclusion 95

Finextra

SEPTEMBER 18, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the release of two complementary reports from its Cross-Border Payments Work Group, sponsored by Mastercard: How to ISO 20022 and Distinguishing Advantages in the Format & Structure of ISO 20022 for Instant (..)

ISO 20022 64

ISO 20022 ISOs Faster Payments FPC 64

Fintech Finance

JULY 1, 2024

The Bank for International Settlements (BIS) and partners today announced that they have completed the comprehensive blueprint for phase three of Project Nexus, which will allow ready participants to work towards the next stage of seamlessly connecting their instant payment systems.

Instant Payments 98

Instant Payments Cross-Border Payments ISO 20022 Cross-Border 98

Fintech Finance

APRIL 11, 2025

Banks worldwide are managing complex, multi-year, multi-million-dollar modernization projects, including ISO 20022, SEPA Instant in Europe, and FedNow and RTP in the US. However, what isn’t changing is the complexity of payments modernization.

ISO 20022 64

ISO 20022 AI ISOs Payments 64

Fintech Finance

AUGUST 27, 2024

Mexipay will utilize ACI’s Digital Central Infrastructure solution, part of the award-winning ACI Enterprise Payments Platform, to address the need for enhanced real-time payment services. billion real-time payments were processed in Mexico in 2023, making it the 10th largest real-time payments market in the world.

Instant Payments 97

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 97

Fintech Finance

SEPTEMBER 10, 2024

New research from RedCompass Labs , a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility.

Instant Payments 111

Instant Payments AI ISO 20022 Payments 111

PYMNTS

APRIL 29, 2019

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. Mixed Demand and ISO 20022. Current Efforts . and Australia’s NPP.

Interoperability 77

Interoperability ISO 20022 Instant Payments Cross-Border 77

The Fintech Times

FEBRUARY 5, 2024

Within the research , Juniper Research found instant payments will revolutionise B2B payments by enabling cheaper and more secure cross-border trade. They will reach 42 per cent of all cross-border payments by 2028, at $16trillion; up from just 17 per cent in 2024, at $5trillion.

Cross-Border Payments 119

Cross-Border Payments Cross-Border ISO 20022 Research 119

Fintech News

OCTOBER 23, 2024

The BIS Innovation Hub (BISIH) Singapore Centre has announced the next phase of Project Nexus , aimed at making instant cross-border payments a reality. Central banks and instant payment system (IPS) operators from India, Malaysia, the Philippines, Singapore, and Thailand will collaborate with BISIH to move towards live implementation.

Central Bank 128

Central Bank ISO 20022 Cross-Border Payments Cross-Border 128

The Payments Association

MARCH 19, 2025

Ensure seamless payment integrations across multiple regions, supporting local schemes like SEPA, FedNow, FPS, and instant payments without complex workarounds. Deliver, or fail fast, fix, and move on!

Payment APIs and Integration 88

Payment APIs and Integration Innovation Cross-Border ISO 20022 88

Fintech Finance

MAY 27, 2025

The launch of Mambu Payments means Mambu is poised to help financial institutions modernise core infrastructure and accelerate innovation across the entire banking stack, spanning lending, deposits, and payments. Yet many are still constrained by fragmented legacy systems that hinder innovation and scalability.

ISO 20022 69

ISO 20022 Payment APIs and Integration Product Payments 69

Faster Payments Council

AUGUST 23, 2024

However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments. However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments.

FPC 128

FPC ISO 20022 Federal Reserve Instant Payments 128

The Fintech Times

JULY 15, 2024

By August 2023, the 50 largest banks in S witzerland must be capable of processing instant interbank payments, with all participants in the Swiss customer payment system expected to achieve this capability by the end of 2026.

Instant Payments 72

Instant Payments ISO 20022 Fraud Prevention Message Standards 72

PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. Interoperability is a core component” of FedNow, said Montgomery.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

Fintech News

NOVEMBER 5, 2024

Project Nexus is designed to enhance cross-border payment efficiency by linking various domestic instant payment systems on a global scale. The regulator will explore potential connections between its TARGET Instant Payment Settlement system and other fast payment networks.

ISO 20022 109

ISO 20022 Central Bank Cross-Border Payments Settlement 109

The Paypers

JANUARY 11, 2021

Instant payments and ISO 20022 have the potential to become the messaging standards to be used for all financial communications, according to Payment Components.

ISO 20022 40

ISO 20022 ISOs Instant Payments Message Standards 40

Fintech News

OCTOBER 15, 2024

With the rapid evolution of payment methods and regulations, banks must stay ahead of the curve or risk being left out of the game. The necessity for modernisation is driven by several key factors, including the migration to ISO 20022, the rise of Open Banking and the introduction of Central Bank Digital Currencies (CBDCs).

ISO 20022 113

ISO 20022 ISOs Payments Federal Reserve 113

The Payments Association

MAY 16, 2025

As instant payments become the norm, true finality is essential to ensure trust, reduce fraud risk, and protect the integrity of global payment systems. Finality is not a UX featureits the backbone of payment integrity. In real-time payments, deemed success is a legacy concept that no longer meets expectations.

ISO 20022 88

ISO 20022 Cross-Border Cross-Border Payments Settlement 88

The Fintech Times

OCTOBER 24, 2024

As much as two in three European banks may not be prepared to meet the EU’s instant payment deadline, a new survey by the transaction data management firm, Intix , has revealed. The post 25% of European Banks Aren’t Ready to Comply With EU Instant Payment Deadlines, Intix Reveals appeared first on The Fintech Times.

Instant Payments 59

Instant Payments ISO 20022 Fraud Detection ISOs 59

PYMNTS

NOVEMBER 12, 2020

“Providing Canadians and Canadian businesses with access to faster, data-rich payment options will enable innovation, support the long-term growth of the economy, and strengthen our global competitiveness.”. The system will also act as a “platform for innovation” to advance new solutions and services.

ISO 20022 138

ISO 20022 Real Time Payments Settlement Payments 138

The Payments Association

OCTOBER 25, 2023

This report is based on a peer-based, real-time comparison benchmarking survey on - real-time/instant payments, cross-border payments, ISO 20022 messaging, transitioning from on-premise to SaaS, compliance and regulation, cash positioning and fraud monitoring, and pre-validation (Confirmation of Payee).

ISO 20022 88

ISO 20022 Cross-Border Payments Cross-Border Payee 88

Neopay

NOVEMBER 26, 2024

The clock is ticking for European banks as the EU’s mandatory instant payment regulations approach, but a recent survey by transaction data management specialist Intix reveals a worrying lack of readiness. By October 2025, institutions must also handle outgoing instant payments.

Instant Payments 52

Instant Payments ISO 20022 Regulations ISOs 52

Finextra

JULY 9, 2024

Volante Technologies, the global leader in payments as a service, today announced that Azqore, a business and technology partner for wealth managers, has selected Volante’s Payments as a Service (PaaS) to deliver SEPA instant payments and ISO 20022 messaging services to its customer base.

ISO 20022 69

ISO 20022 Technology ISOs Instant Payments 69

The Payments Association

FEBRUARY 5, 2025

Now in its fourth year, this report is built on a peer-based, real-time comparison benchmarking survey to see how executives and their companies meet customer expectations and progress towards achieving their digital payments transformation strategy. Read more here

ISO 20022 88

ISO 20022 Cross-Border Payments Cross-Border ISOs 88

Fintech Finance

NOVEMBER 12, 2024

RedCompass Labs , the global experts in payments modernization, has launched the world’s first multi-agent AI solution engineered specifically to accelerate payments transformation: AnalystAccelerator.ai. In trials with a tier one bank struggling with the new SEPA Instant Payments Regulations, AnalystAccelerator.ai

ISO 20022 98

ISO 20022 AI FedNow RTP 98

The Payments Association

FEBRUARY 14, 2025

Challenger banks and fintechs thrive by offering frictionless user journeys and instant payments, while incumbents often struggle to integrate new solutions without disrupting existing systems. Meanwhile, the European Central Bank continues to emphasise real-time and instant payments.

ISO 20022 100

ISO 20022 Payment APIs and Integration ISOs Central Bank 100

PYMNTS

DECEMBER 4, 2018

The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. The service, as has been reported, lets customers make instant payments from inside the Single Euro Payments Area (also known as SEPA ).

Instant Payments 50

Instant Payments ISO 20022 SWIFT ISOs 50

PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. Lael Brainard said the coronavirus crisis has heightened the need for instant payments.

Fed 75

Fed Instant Payments FedNow Interbank Settlement 75

Fintech News

FEBRUARY 28, 2025

Yet, despite the rise of instant domestic payments, cross-border transactions remain slow, costly, and inefficient. Domestic instant payment systems (IPS), such as Malaysias DuitNow and Singapores PayNow, have revolutionised payments within their respective countries.

Cross-Border Payments 70

Cross-Border Payments Cross-Border Payment APIs and Integration ISO 20022 70

PYMNTS

JULY 9, 2020

In a PYMNTS interview , Tim Coats, Oxbury co-founder, chief customer and regulatory officer, said Faster Payments will become a key rail for the farming and agricultural space to accelerate cash flow through its supply chain. SWIFT Certifies Fiorano ISO 20022. Steamchain Lands Investment For Blockchain Tech.

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

Fintech News

JULY 3, 2024

The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus, which seeks to address longstanding challenges in international money transfers by leveraging the power of domestic instant payment systems (IPS).

Cross-Border Payments 117

Cross-Border Payments Cross-Border Instant Payments Central Bank 117

The Paypers

JULY 9, 2024

Azqore , a business and technology partner for wealth managers, has selected Volante to deliver SEPA instant payments and ISO 20022 messaging services to its customers.

ISO 20022 36

ISO 20022 Instant Payments ISOs Payments 36