Remove Interoperability Remove Service Provider Remove Value Added Service
article thumbnail

CBI’s Leadership in Open Finance: Expanding Value-Added Services Through Collaboration

The Fintech Times

In this regard, over the years, CBI has developed several open banking and open finance services. Such innovation makes Name Check CBI unique as it enables a new way of conducting account holder checks to provide customers and businesses with greater assurance that payments are being sent to the intended payee.

article thumbnail

The Evolution of Open Finance Through the Lens of CBI

The Fintech Times

It also reduces costs through resource sharing, enhances system resilience, and supports economic inclusion by expanding access to financial services for underserved groups. Over these years, CBI has developed several open banking and open finance services and achieved a variety of goals at national and international level.

Finance 115
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

RT2: A strategic transformation for UK payment providers

The Payments Association

RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure. Why is it important? What’s next?

article thumbnail

CBI and SEPAmail.eu Signed an Agreement to Set Up an Interoperable IBAN-Name Check – Verification of Payee (VoP) Solution

Fintech Finance

and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. Through this collaboration, PSPs connected to this interoperable solution will gain access to a crucial verification service. SEPAmail.eu

IBAN 105
article thumbnail

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

PYMNTS

For financial service providers, instant payments offers a chance to open up new revenue streams and develop new services for corporate clients. Because speed is not necessarily corporates’ biggest payments pain point, FIs must look elsewhere to develop real-time payments-based services. “If

B2B 117
article thumbnail

NETSTARS Partners with ACI Worldwide to Power the World’s Payment Ecosystem

Fintech Finance

The two companies will join forces to offer a one-stop payment acceptance solution for payment service providers and merchant acquirers to create a seamless and secure payment ecosystem for processing domestic and cross-border payments.

ISO 20022 104
article thumbnail

How are digital IDs reshaping industries for a secure and seamless future?

The Payments Association

Additionally, standardisation of digital IDs is required to ensure they are interoperable with TSA systems. Across the industry, well need to see collaboration for secure, interoperable solutions that meet global standards. Enriched data insights enable AI innovation, translating into more tools and value-added services.