Remove IBAN Remove Instant Payments Remove Value Added Service
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CBI’s Leadership in Open Finance: Expanding Value-Added Services Through Collaboration

The Fintech Times

In this regard, over the years, CBI has developed several open banking and open finance services. This service is compliant to new requirements and legislations, more particularly, the Instant Payment Regulation, which defines that Instant credit transfers need to be accompanied by a ‘Verification of Payee’ service.

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CBI and SEPAmail.eu Signed an Agreement to Set Up an Interoperable IBAN-Name Check – Verification of Payee (VoP) Solution

Fintech Finance

and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. The IBAN Name Check – VoP Service, is designed to ensure that IBAN codes are correctly matched with the names of beneficiaries before payments are processed.

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The Evolution of Open Finance Through the Lens of CBI

The Fintech Times

From an open finance and data monetisation perspective, CBI has developed several value-added services (VAS) that render its clients even more competitive. Tackling fraud CBIs response to increasing fraud and misdirection of payments is evident in a range of services, such as: Check IBAN, Name Check, CBI GO and CBI Safe Trade.

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