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Pay.UK rolls out technical info for ISO 20022 and retail payments

The Paypers

has released its initial set of technical information for entities looking to implement ISO 20022 while transitioning to the Next Generation Standard for UK retail payments, according to crowdfundinsider.com.

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AFFIN BANK Partners With ACI Worldwide to Modernise Payments for Malaysian Businesses

Fintech Finance

It will enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards. As the industry adopts ISO 20022 globally, this modernisation solution meets regulatory mandates, improves system resilience, and integrates future payment services.

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Bank Of England Plans Panel To Standardize Payments Messaging

PYMNTS

continues its move to adopt the ISO 20022 payments messaging standard, the Bank of England is reportedly planning to create a panel aimed at streamlining the adoption of the standard for more efficient payments in the country. payment ecosystem, including APIs for the financial services space. As the U.K.

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UK Continues Payments Industry Consolidation

PYMNTS

. “The Cheque and Credit Clearing Company has developed a tremendous amount of trust in payments through the robust and secure exchange of checks and credits over 30 years, and is now revolutionizing the way checks are cleared through the ICS,” said NPSO Chief Executive Paul Horlock in a statement.

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6 Fintech Resources in Asia to Read in Preparation for 2024

Fintech News

It gathered data from C-level decisionmakers at over 500 banking and non-banking financial institutions across a variety of departments such as fraud, operations, treasury, product, and technical implementation. Additionally, the sector’s impressive growth is reflected in the 2023 Singapore Fintech Map, with 700 companies now featured.

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Faster Payments And The Fed, Two Years On

PYMNTS

Over the course of the next nine to 12 months, the Fed will be conducting a formal assessment of real-time settlement needs, with a focus on a retail payments environment. It may be no surprise that security remains top of mind for the innumerable stakeholders in the payments arena.

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Payments Rails, Laying New Tracks

PYMNTS

Ubiquity and scale and standards, such as ISO 20022, are necessary to move money. Speaking to changing the way payments rails function, said NACHA’s Estep, the questions revolve not around “can you do it … but who needs it and what will they do with [those technology-driven changes] once it is in their hands.”.