Europe pushes for payment sovereignty
by Ben Poole
A new MoU plans seamless cross-border payments across Europe by 2027 by linking existing national solutions through a shared interoperability layer.
SEPA Payment Structure & Services
Background
The European Central Bank (ECB) and the European Commission describe SEPA (Single Euro Payments Area) as "an integrated market for payment services which is subject to effective competition…
Read more
US inflation data dashes rate cut hopes – Industry roundup: 11 April
by Graham Buck
CHIPS migrates to ISO 20022 messaging; IMF sees productivity crimping growth; Fitch's China downgrade riles Beijing; Pension fund giants partner
India “beats China as supply chain base for US firms” – Industry roundup: 25 January
by Graham Buck
Turkey in "final" rate hike to 45%; German business morale sinks further; Mastercard fund for Europe's SMEs; BNP Paribas launches UK fintech incubator
AI set to transform supply chain management – Industry roundup: 13 April
by Graham Buck
Canada keeps rates on hold; Renminbi share of trade finance grows; Mastercard adds Cross-Border Services Express; Tranglo expands into Europe
More South Korean companies issue corporate bonds – Industry roundup: 4 April
by Graham Buck
Cineworld emerges from Chapter 11; Squeeze tightens on MTS Bank; Credit Agricole expands in China; Tranglo adds instant SEPA payout to Europe
Emerging markets could begin rate cuts by mid-2023 – Industry updates: 29 November
by Graham Buck
China goes for gold over dollar; CLOs bounce back from brief selloff; CBA leads in asset finance; Two contenders remain for Citi Banamex
China’s regulators ask banks to report on liquidity - Industry roundup: 17 November
by Graham Buck
Embedded finance grows in MENA; India government bonds regain appeal; Microsoft launches supply chain platform; Allianz adds second trade finance fund
Kangaroo bonds bounce back – Industry roundup: 5 May
by Graham Buck
Philippines plans CBDC pilot; Argentina banks offer crypto trade; B2B global payment trends revealed; Digitally enhanced trade finance
Industry roundup: 4 February
by Kylene Casanova
digital yuan & Olympics, AI and cross-border payments, compliance solutions for fintechs, and digital banking expansion
New digital partnerships boost European payments
by Ben Poole
Tie ups between SIA and Volante, and EBA Clearing and Iberpay, show how the payments infrastructure in Europe is seizing digital opportunities.
Bank of England outlines Brexit payment risks
by Ben Poole
The BoE's Financial Stability Report for December 2020 notes the additional information required for SEPA payments between the UK and EU.
SIA integrates request to pay services in Europe
by Ben Poole
The payment method allows beneficiaries to send a payment request in real-time to a payer through several digital channels.
Surviving ISO 20022 migration – a report and a product
by Jack Large
Deutsche Bank’s report shows what happening and Message Checker could help you survive and prosper?
Banking industry puts forward vision for future-driven EU payments market
by Ben Poole
Three European associations have published their vision for the EU retail payments framework.
MultiSafepay and “Request to Pay”: open banking comes of age
by Jack Large
MultiSafepay piloting Deutsche Bank’s Request to Pay solution, a first step in creation of a pan-European scheme for online payments.
EBA Clearing provides specifications for a pan-European request to pay infrastructure solution
by Ben Poole
The specifications have been created with the support of 27 financial institutions from 11 countries.
Societe Generale launches instant payment offering for financial institutions
by Ben Poole
The solution was developed in partnership with Transactis.
Societe Generale chooses FIS for corporate instant payments in Europe
by Ben Poole
The solution will offer a real-time payments option for the bank's corporate clients in nine European countries.
EBA Clearing begins development of pan-European request to pay infrastructure solution
by Ben Poole
The delivery of the solution is supported and funded by 26 financial institutions from 11 countries for a go-live in 2020.
LBBW and equensWorldline extend SEPA payments partnership
by Ben Poole
The partnership sees over 1 billion transactions processed per year.
Requests to delay PSD2 have started
by Jack Large
EPSM recommends harmonised migration plans on PSD2-SCA, i.e. delay of 18-36 months
Netherlands’ slow progress on PSD2 adoption analysed
by Graham Buck
Reports suggest the country is lagging in developing open banking, despite Dutch digital proficiency and openness to new technology
Impact on corporates of ISO 20022 migration in payments clearing & settlement
by Jack Large
Not simply another IT project: hear how this worldwide initiative has profound implications for corporates & understand actions needed
Payments fraud makes heavier impact on UK companies
by Graham Buck
Despite higher levels of awareness and precaution, businesses are losing more and recovering less, a survey suggests