All payments news

EBA Clearing to launch OCT Inst credit transfer service on R1

26 March 2024 France
Reporter: Klea Neza

The new service will enable payment service providers (PSPs) operating in SEPA to process incoming and outgoing international credit transfers through RT, says EBA Clearing

Fnality processes live payments across its Sterling payments system

14 December 2023 UK
Reporter: AST

These initial live payments, in the first phase of its DLT-based digital financial market infrastructure and regulated payments rails, were processed via an omnibus account held by £FPS in the Bank of England’s RTGS system

European Payment Council cross-border payment scheme launched

01 December 2023 Belgium
Reporter: Lucy Carter

The scheme is expected to allow financial institutions to leverage the benefits of domestic instant payment systems globally while continuing to use existing rails and enabling outgoing flows

Volante Technologies secures $66 million in latest funding round

08 November 2023 UK
Reporter: Jenna Lomax

Global payments company Volante Technologies has secured US$66 million in debt and equity financing in an investment round led by Sixth Street Growth, the technology investing arm of Sixth Street

GLEIF voices support for CPMI LEI recognition

24 October 2023 Switzerland
Reporter: Lucy Carter

The Global Legal Entity Identification Foundation has welcomed the Bank of International Settlements’ Committee on Payments and Market Infrastructures’ advocation for use of the Legal Entity Identifier within ISO 20022 payments

BIS releases final report on ISO 20022 for cross-border payments

18 October 2023 Switzerland
Reporter: Lucy Carter

The requirements have been determined by a joint task force consisting of the BIS Committee on Payments and Market Infrastructures and the private sector Payments Market Practice Group

Finland’s Aktia selects Temenos for payments services

18 October 2023 Finland
Reporter: Jenna Lomax

Finland’s wealth manager bank Aktia has selected Temenos to modernise its domestic and cross-border payments capabilities

CGI’s All Payments solution to support transaction activity for firms making payments on FedNow Service

22 September 2023 US
Reporter: Jenna Lomax

CGI has been actively developing FedNow Service-specific capabilities since joining the FedNow Service Pilot Program in 2021

Scotiabank picks CGI for payments solutions

18 September 2023 Canada
Reporter: Jenna Lomax

Built to ISO 20022 standards, the service supports multiple currencies, languages and payment channels

Standard Chartered and Allen & Overy launch payment guide

07 September 2023 UK
Reporter: Klea Neza

Guide regulations cover regulatory frameworks and licensing schemes across key markets in Asia to help corporates and fintechs navigate evolving global payments landscape

GTreasury and Convera partner on global payments solution

03 August 2023 US
Reporter: Lucy Carter

Treasury, payments and risk management software provider GTreasury has partnered with non-bank B2B payments provider Convera to launch an integrated payments service

Deutsche bank joins CLSNet

25 July 2023 UK
Reporter: Lucy Carter

CLSNet centralises and standardises post-trade processes across more than 120 currencies and a wide range of trade types, using a single common record in order to streamline post-trade matching and netting processes

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