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Successful Migration of the Kenya Electronic Payment and Settlement System to the ISO20022 Global Messaging Standard

Fintech Finance

The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). It is the backbone of Kenya’s domestic and regional payment transactions.

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Icon Solutions Welcomes NatWest Executives to its Board of Directors, Accelerating the Expansion of IPF

Fintech Finance

Icon Solutions today announces it has strengthened and expanded its strategic partnership with NatWest with the appointment of Ian Povey, CIO Payments Technology, and Lee McNabb, Head of Payments Strategy and Partnerships, as Board Observers. The appointments follow NatWest’s strategic investment in Icon Solutions in March 2024.

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Backbase and Alacriti Partner to Provide Instant Payment Solutions for Financial Institutions

Fintech Finance

Backbase, leveraging Alacriti’s Orbipay Payments Hub , will support end-to-end payment orchestration and processing through the RTP® network, the FedNow® Service, Visa Direct, Fedwire, and ACH payment rails.

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Fed’s Sapenaro On How To Forge Ahead With Payments Innovation

PYMNTS

Louis, as its new payments strategy director. It’s a position that sees Sapenaro putting into action the words of the Fed’s Strategies for Improving the U.S. This month the Federal Reserve named Dave Sapenaro , its current first vice president and chief operating officer at the Federal Reserve Bank of St.

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Banks’ Definitive B2B Payments Guide To Sibos

PYMNTS

While FinTechs are offering a greater variety of solutions to business users than ever before, corporate finance chiefs and treasurers still turn to their banks first to improve their B2B payments strategies. As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept.

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