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Banking Circle Helps Smaller Banks Fast-Track to Comply With EU SEPA Instant Mandate

On 7th February 2024 the European Parliament mandated that instant payments (in less than 10 seconds) should be the de facto standard for consumers and businesses in the SEPA zone, with a deadline set of 9th January 2025 to deliver this service. For smaller banks with already stretched IT and development resources, less than 12 months to make significant infrastructure changes could be a step too far. Recent insight suggests that more than 40% of banks that currently do not offer instant payments believe the deadline is unrealistic.

Tuesday, May 14, 2024 - 09:53
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Financial IT
Wirex Chooses OpenPayd to Launch Embedded Accounts Across UK and EEA

Today, leading embedded finance and Banking-as-a-Service (BaaS) platform, OpenPayd announces its partnership with Wirex, a prominent Web3 money app, to provide named virtual IBANs to its customers across the UK and European Economic Area (EEA) strengthening Wirex’s core mission to provide easy, fast and secure payment metho

Tuesday, May 14, 2024 - 09:40
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Financial IT
Barclays Bank Goes Live on CLS’s Cross Currency Swaps Service

CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announced that Barclays Bank has officially gone live on its Cross Currency Swaps (CCS) service.

Tuesday, May 14, 2024 - 09:34
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Financial IT
Worldline Partners with Visa to Launch Virtual Card Issuing Solution for Online Travel Agencies

Worldline, a global leader in payment services, today announced a strategic partnership with Visa, a global leader in digital payments, to launch a new virtual card issuing solution. This strategic collaboration marks a pivotal moment, propelling Worldline beyond payment processing and into direct card issuance. The project will focus on the Online Travel Agency (OTA) market due to a high demand for this solution and Worldline’s strong heritage and portfolio in travel.

Tuesday, May 14, 2024 - 09:29
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/news/payments/worldline-partners-visa-launch-virtual-card-issuing-solution-online-travel-agencies
Financial IT
Presidents Choice Financial® Selects Temenos to Expand Banking Business

Temenos today announced that President's Choice Financial® (PC Financial®), part of Loblaw Companies Limited – Canada’s leading food and pharmacy retailer, has selected Temenos to extend its reach into the Canadian banking market. PC Financial® will adopt Temenos retail core banking solution as SaaS on Microsoft Azure, enabling it to scale products and expand its banking proposition rapidly.

Tuesday, May 14, 2024 - 09:19
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Financial IT
Temenos Introduces Temenos Positions to Transform Banking Operations

Temenos today introduced Temenos Positions, a financial processing solution designed to transform banking operations for institutions with complex, multi-core systems across multiple lines of business in both Retail and Corporate banking.

Tuesday, May 14, 2024 - 09:15
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Financial IT
Bankart Partners with Diebold Nixdorf to Modernize its Payment Processing Platform Across Southeast Europe

Diebold Nixdorf, a world leader in transforming the way people bank and shop, today announced that Bankart, the leading payment processing company in Slovenia and the surrounding region, is migrating its payment services by using Diebold Nixdorf's proven Vynamic® Transaction Middleware.

Monday, May 13, 2024 - 15:55
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Financial IT
Broadridge and Kyndryl to Partner in Canadian Wealth Management

Global Fintech leader Broadridge Financial Solutions, Inc., today announced that it will acquire Kyndryl's Securities Industry Services (SIS) wealth and capital markets technology platform. SIS solutions include clearing and settlement, account record keeping, tax and regulatory reporting, and integrated order management activities for Canadian financial services firms.

Monday, May 13, 2024 - 14:57
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Financial IT
Finastra Boosts its Payments Processing Strategy with Fed Certification for ISO 20022

Finastra, a global provider of financial software applications and marketplaces, today announced it has completed testing and certification through the Federal Reserve for ISO 20022, becoming one of the first vendors in the industry to complete the process for multiple solutions.

Monday, May 13, 2024 - 14:25
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Financial IT
More Than Half of Parents Would Choose Their Child's Bank Based on Online Safety Education

new study from CybSafe, the human risk management platform, found 56% of parents were more likely to sign their child up with a bank if the institution offered training about staying safe online.

Monday, May 13, 2024 - 14:16
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Financial IT

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