The Fintech Times

JANUARY 7, 2025

In this regard, over the years, CBI has developed several open banking and open finance services. Name Check CBI (Verification of payee VoP), is offered by CBIto mitigate fraudattempts, avoid misdirection ofpayments and enhance the stability of the financial market, forbothretailand corporatecustomers.

Value Added Service 105

Value Added Service Finance Payee Cross-Border Payments 105

The Payments Association

JUNE 9, 2025

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?

ISO 20022 88

ISO 20022 Payment APIs and Integration ISOs Interoperability 88

The Fintech Times

DECEMBER 18, 2024

It also reduces costs through resource sharing, enhances system resilience, and supports economic inclusion by expanding access to financial services for underserved groups. From an open finance and data monetisation perspective, CBI has developed several value-added services (VAS) that render its clients even more competitive.

Finance 115

Finance IBAN Fraud Prevention Interoperability 115

The Payments Association

JANUARY 22, 2025

The widespread shift to online reliance has created a greater demand for accessing various services online, including government public services and online retail payments. This increased digital dependency has raised the need for secure access and quick and easy identity verification online.

Security 88

Security Online and Mobile Banking Credential Verification 88

Fintech Finance

OCTOBER 9, 2024

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. The IBAN Name Check – VoP Service, is designed to ensure that IBAN codes are correctly matched with the names of beneficiaries before payments are processed.

IBAN 105

IBAN Interoperability Payee Verification 105

The Payments Association

APRIL 23, 2025

The verification of payee (VoP) requirement represents another challenge that must be addressed by October, adding further pressure to banks. Systems that verify the IBAN matches with the intended recipients name notably a feature not previously mandatory in SEPA credit transfers are now compulsory.

Real Time Payments 88

Real Time Payments Innovation Instant Payments Payments 88