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Intix Survey Reveals Only 1 in 3 European Banks Ready for Instant Payments Regulation

Fintech Finance

A new survey by the transaction data management specialist Intix , has revealed that European banks are struggling to meet the European Union’s upcoming deadlines for mandatory instant credit transfers. The research aimed to evaluate the state of instant payments across the European banking sector.

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B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

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.

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Nearly Half of All Cross Border Payments Will Be Instant by 2028 Reveals Juniper Research

The Fintech Times

The adoption of digital payments is rapidly developing markets to the point that the value of B2B payments are set to grow by 40 per cent by 2028, from $89trillion in 2024 according to research from Juniper Research , the market research firm.

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Banks to Use Generative AI to Meet Instant Payments Project Challenges

Fintech Finance

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.

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FPC 2024 Fall Member Meeting

Faster Payments Council

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.

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25% of European Banks Aren’t Ready to Comply With EU Instant Payment Deadlines, Intix Reveals

The Fintech Times

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.

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RedCompass Labs Launches Payments AI to Save Banks Millions

Fintech Finance

Banks worldwide are juggling multiple, multi-year, multi-million-dollar modernization projects, such as ISO 20022, SEPA Instant in Europe, and FedNow and RTP in the US. Over nine in ten (91%) banks now consider payments modernization a high priority, but research shows most are struggling to meet demands.