Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
Cyber security consultant S-RM appoints new hires across restoration and recovery
11 Jul
Handelsbanken Norway extends Tietoevry Banking deal
03 Jul
Payments Association rails against PSR reimbursement rules for APP fraud
02 Jul
EbankIT and Centrilogic team on cloud-based cybersecurity
EBA Clearing publishes specs to provide PSPs with Verification of Payee at a pan-European level
01 Jul
Fingerprints supports Valid in roll out of biometric payment cards in Brazil
27 Jun
Lynx releases money mule account detecttion tool
FiVerity unveils Identity Trust Management platform
26 Jun
Provenir launches onboarding fraud tech
24 Jun
Machine learning startup Innzpira launches in the UK
21 Jun
11 Jul 0 1 6
This news comes a week after the UK payments group issued a plea to Chancellor Rachel Reeves to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.
Continue reading »
10 Jul 3 11 9
23 h 0
08 Jul 0 1 1
04 Jul 3 1 2
04 Jul 0
03 Jul 0 1
01 Jul 1 1 5
26 Jun 0 2 1
25 Jun 0 1
21 Jun 0 2 5
Joris Lochy - Capilever - Brussels
14 h 0
Veronika Tibilashvili - Lextensio - Kyiv
21 h 0
Steven Rackham - NetApp - London
Tejasvi Addagada - Fortune 500 financial service provider - Mumbai
27 Jun 0 1 1
Join FinextraTV at the Temenos Community Forum 2024 as Lee Allcorn, Managing Director, MEA, Temenos and Deribie Asfaw, President, Cooperative Bank of Oromia talk about the priorities for banks across the African continent and the speed at which business and innovation operates here. Today, clients are prioritising trust, security and ensuring that their investments are as risk-free as possible. In addition to this, providing services to those that are unbanked and underbanked in a low cost manner continues to be an issue to be resolved. The conversation also turns to scalability, as financial institutions in Africa look to reach new channels and new markets.
23 h
At EBAday 2024, Hays Littlejohn, CEO, EBA Clearing and Erwin Kulk, Head of Service Development and Management, EBA Clearing, explain how network-based fraud pattern and anomaly detection can boost the customer experience and safety provided by verification of payee checks. The pair exposes the added value that EBA Clearing’s pan-European verification of payee solution will bring as from its launch in December 2024. Cooperation on fraud mitigation was one of the biggest topics at EBAday and this practical example of a collectively designed and delivered toolset makes it clear why joining forces against fraud matters.
08 Jul
At EBAday 2024, Sheri Brandon, Chief Market Officer, Northern & Western Europe, Worldline, sets the scene around the challenges and strategies that permeate when implementing instant payments, including short deadlines that must be met amid many other ongoing regulation projects. Resources can be constrained in these scenarios, and banks must now consider how new regulation will lead to new requirements, such as Verification of Payee, and ensure these processes fit into current processes. The discussion also covers implementation of instant payments and the trade-offs that must be established. Security must be enhanced, the back office must be managed differently and maintenance windows must be rescheduled as liquidity management is of paramount importance. Moving from predictable flows to instant flows will be a cumbersome challenge.
At EBAday 2024, Akshat Saharia, Head of European Financial Institutions Product and Propositions, Global Payments Solutions, HSBC discusses the biggest changes to occur across the cross-border payments landscape in the next five years. While 90% of cross-border transactions complete in 30 mins, the other 10% can be delayed, resulting in frustration and a lack of transparency. Robust change will be seen with real-time payment schemes opening up for cross-border payments. In turn, with ISO20022 being mandated from November 2025, banks in the world will be operating with enhanced data, standardised information and LEIs which will significantly enhance STP and reduce costs. Digital transformation through the use of APIs will also bolster end-to-end connectivity, paving the way for value-added services offering increased transparency and verification with Confirmation of Payee.
28 Jun
A Finextra member
Reply Read article
Ketharaman Swaminathan
13 Jun 3 4
10 Jun 3
31 May 2 7
30 May 3 10
The Guardian
This is Money
BBC