The Fintech Times

MARCH 25, 2025

The Somalian financial ecosystem has taken its next step in the digital world as the Central Bank of Somalia’s (CBS) payments initiative, the Somalia Payment Switch (SPS), has successfully launched the country’s first instant payment system.

Instant Payments

The Payments Association

JULY 18, 2025

UK and EU divergence on scope and legal frameworks may introduce cross-border compliance and interoperability challenges. Firms may face significant operational complexity and investment burden in building API infrastructure and data management capabilities . transaction history, savings, pensions).

Regulations

Fintech Review

MAY 4, 2025

Open banking has revolutionised financial services, enabling secure, permissioned access to bank data, payment initiation, and financial insights. For businesses, tapping into open banking APIs means faster onboarding, richer customer insights, and new payment experiences.

Payment APIs and Integration

PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. Back in August 2019, he said, the Fed’s initial efforts had garnered roughly 200 responses tied to the Federal Register commentary period. Looking Toward Interoperability And Scale .

Instant Payments

The Fintech Times

JULY 24, 2024

Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management. RTP, on the other hand, is interoperable which allows third-party apps like Zelle to access and build products on.

FedNow