23 June 2017
visit www.finastra.com

All News

ECB preps eurozone-wide instant payments service
Mobile & online

ECB preps eurozone-wide instant payments service

13 hours ago  | 0 comments | 7 tweets | 14 linkedin

The European Central Bank has outlined plans to build an instant payment settlement system that will let people and businesses send money anywhere in the euro area within seconds.

Users of the Dankort app and mobile wallets from more than 60 Danish banks can now tap-and-go for low value payments with their phones.

Representatives of two of the Philippines' biggest banks, BPI and BDO Unibank, on Wednesday reassured a hearing of the Senate committee on banks, financial institutions, and currencies that they have addressed recent failures that saw a 26 hour system shutdown at BPI and a spate of ATM compromises at BDO.

Hong Kong's DBS Accelerator, run by DBS Bank and early-stage VC Nest, is switching the format of the programme to a rolling intake that will see it host new startups throughout the year.

Asia remains home to most payments innovation but Europe is making a charge, leapfrogging Africa, North America and Latin America, according to a survey of industry execs which also calls out distributed ledger technology as over-hyped.

UK digital-only bank Atom is set to ramp up its small business lending after securing a £30 million Tier 2 capital facility from the state-backed British Business Bank.

Features and analysis

More News

With its new real-time payment platform set to go live in the next few months, EBA Clearing is turning its attention to Euro1, kicking off an investigation into how the flagship single euro payment system should be positioned in the rapidly-evolving landscape.

Visa has announced that its Everywhere Initiative, an innovation program designed to encourage the development of the “next big thing” in payments, will expand into the Middle East and North Africa (MENA) region.

UK startup TrueLayer, a fintech developer platform that provides access to bank APIs, has secured $3 million in series A funding to pursue opportunities created by PSD2.

Swift has launched an Industry Challenge to find two winning fintechs who will be granted €100,000 to further develop new overlay services that leverage its Swift global payments innovation (gpi) platform.

Latest company announcements

8 hours ago 8 hours ago 8 hours ago 11 hours ago 12 hours ago 13 hours ago 13 hours ago 13 hours ago 14 hours ago 14 hours ago 14 hours ago 14 hours ago 14 hours ago 14 hours ago 14 hours ago 15 hours ago 15 hours ago 15 hours ago 18 hours ago 18 hours ago 18 hours ago 18 hours ago 18 hours ago 21 June 2017 21 June 2017

Best of the web

visit www.fisglobal.comvisit www.events.sap.com

Top topics

Most viewed Most shared
Santander's Openbank relaunched as 100% digital bankSantander's Openbank relaunched as 100% di...
15907 views comments | 48 tweets | 61 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
8431 views comments | 17 tweets | 26 linkedin
Live: EBAday 2017, day twoLive: EBAday 2017, day two
8055 views comments | 4 tweets | 5 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
7429 views comments | 8 tweets | 25 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
7419 views comments | 3 tweets | 4 linkedin

Latest jobs

Six Figure Base + Commission + Stock Options
London

d.o.e to £120K base, £300k o.t.e, stock options
London, UK

Find your next job

video image
TV: Take strategic approach to Open banking Damian Richardson, Head of Innovati...21 June 2017video icon
video image
TV: PSD2, Open Banking, APIs the customerHamish Thomas, Partner, EMEIA Payme...20 June 2017video icon
video image
TV: Banks transforming both digitally and culturallyGerhard Kebbel, Managing Director,...19 June 2017video icon
video image
TV: Correspondent Banking and Cross Border PaymentsMarc Recker, Head of Market Managem...19 June 2017video icon
video image
TV: For blockchain success, start with customerAdrian Smyth, Director, Business De...16 June 2017video icon
video image
TV: FRTB requires massive changes in your workflowPhilippe Carrel, Chief Alliances an...15 June 2017video icon
video image
TV: Innovation platforms help banks exploit emerging tRob Hetherington, Global General Ma...15 June 2017video icon
video image
TV: The challenge of adding value when not sellingJames Eardley, Global Director – In...09 June 2017video icon