Open Banking Excellence
MARCH 5, 2024
One area where the industry is already seeing innovation is with Variable Recurring Payments (VRP) and the upcoming commercial pilot for low risk use cases for financial services, utilities and government payments. The PSR ’s (Payment Systems Regulator) approach is not sustainable,” he explains. “It
PYMNTS
AUGUST 21, 2020
Thus far, he said other banks’ research has shown — and shared — insights on how to move money on one chain, and security on another, but ensure that payments are delivered. The focus on wholesale payments may bring various retail use cases to reality — including stimulus and disbursement of government payments.
PYMNTS
JUNE 3, 2020
Elsewhere, FinTechs are taking the initiative to work with financial institutions and offer their technologies in an effort to augment corporate services. TrueLayer To Enable UK Government Payments. Below, PYMNTS breaks down the latest in bank-FinTech partnerships. API technology firm TrueLayer has been cleared by the U.K.
The Fintech Times
OCTOBER 26, 2024
Payment initiation and account aggregation were frequently discussed, showing their potential to impact financial services. Interestingly, it appears that although Saudi banks were initially cautious about open banking, many are now recognising it as a valuable opportunity for growth.
PYMNTS
NOVEMBER 8, 2017
“Financial institutions need to be actively exploring use cases for real-time payments within their own organizations for meeting the requirement of their customers. Those who wait may find themselves left behind as the faster payments revolution takes hold.”. Not all real-time payments initiatives are created equal, though.
PYMNTS
OCTOBER 25, 2019
Earlier this year, for instance, Payments NZ launched the first application programming interface (API) standards tied to account data and payment initiations. Other areas of focus include real-time transactions and seven-days-a-week settlement, Wiggins said, along with building a self-governing payments sector.
PYMNTS
MARCH 14, 2018
Large-scale digital payments initiatives can offer instruction into the boons and challenges tied to boosting financial inclusion and bringing financial services into the 21st century. He noted that 39 million of the Thai population of 60 million have registered for PromptPay, with 127 million real-time payments processed so far.
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