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The arrival of instant payment schemes like SEPA Instant Credit Transfers and services such as FedNow has reshaped the payments landscape. In the EU alone, real-time payment transactions are projected to reach 34.2 billion by 2027, up from 13.2 billion…
9 minute read
The introduction of new regulations and real-time payment rails has created challenges for cross-border payments firms looking to grow their business. The payments industry in the UK is adjusting to the new reality of APP fraud reimbursement, while in Europe,…
7 minute read
In February 2024, the European Parliament issued new regulations to ensure financial transactions reach their recipients instantly across the European Union. The new rules update certain regulatory requirements for banks and other types of payment service providers (PSPs). In addition…
7 minute read
According to Juniper Research, the combined value of open banking payment transactions is expected to reach $330 billion by 2027. As financial systems become more interconnected, businesses are experiencing a range of benefits, from lower transaction costs and accelerated data…
5 minute read
In an era of instant payments, financial institutions (FIs) are required to move money faster than ever while stopping bad actors in their tracks. But in recent research, 99% of firms shared limitations in their current approach to financial crime…
5 minute read
Founded in 2017, Beem is a free mobile payment app with over 1.5 million customers in Australia. It specializes in facilitating peer-to-peer transactions, storing loyalty cards, moving money between accounts, and enabling purchases. To date, Beem has processed over $1…
3 minute read
E-money institution (EMI) Payset offers diverse payment solutions, from multi-currency accounts and B2B wallets to currency exchanges and – soon – debit cards. Established in 2018, the company aims to bring financial services up to speed with modern business requirements…
4 minute read
For any financial institution (FI) in the cross-border payments sector, compliance has always been a significant operational hurdle due to the constant friction of navigating different regional rules and reporting standards. However, as global payment rails accelerate, the manual approach…
5 minute read
