Nordic bank-backed P27 is undertaking a recruitment drive as it puts together the building blocks for a proposed 2021 go-live of its real-time, cross-border payment project.
Owned by Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank, P27 is bidding to replace ageing domestic infrastructures with a real-time and batch multi-currency platform that will enable consumers and businesses to send and receive funds across the Nordic markets.
In June, the coalition struck a deal with Mastercard to provide the underlying infrastructure and is now on the hunt for senior project leaders to execute the strategy and drive the initiative forward.
For banks, the new platform will provide a real-time view of the multiple schemes that are running, participant information, balances across schemes and the addition of a data-rich message set, opening the way for the creation of new revenue opportunities.