Andrei Cazacu’s Post

Did you catch our latest LinkedIn Live? 🙋 If you missed it, check out ‘Instant Payments: Building a secure and interoperable future’. In the session, Swift’s Cian OMurchu was joined by HSBC’s Neil Anderson to unpack some of the effects of the upcoming EU Instant Payments Regulation and discuss the current Verification of Payee landscape across Europe and beyond. 📽️ Watch now: https://okt.to/cEeW2Z #payments #instantpayments #interoperability #prevalidation

This week is a historic one for the European payments market, as 8 April is the day when the Regulation on Instant Payments officially comes into force. What is the result of this? 🤔 1️⃣ Firstly, this means that the clock ⏱ has started ticking for payment service providers which now have 9 months to comply for receiving instant payments and 18 months to comply for sending them. 2️⃣ It is also a huge step towards more convenient 👌 payments for EU citizens, as it will allow people to transfer money within 10 seconds at any time of the day, including outside business hours, and not only within the same country, but also to other EU member states. 3️⃣ At the same time, it is a huge commitment ☑ for banks and other payment service providers as processing payments in a matter of a few seconds is extremely challenging. Particularly knowing that you have to run various checks prior to being able to do so. So, this will without doubt increase the importance of having a solid and reliable real-time transaction monitoring system. 📌 Talking with industry players, we understand that (actual) real-time monitoring of the transactions isn’t a feature that is easy to find and often raises challenging questions as to the effective implementation of this new requirement within their organizations. From our end real-time transaction monitoring this has always been a must from day one and we can now leverage our experience with this technology to continuously enhance our features for our customers. Interested how this works and could this help you increase your real time transaction acceptance rates? Book a demo with us and we will show you 😉   It's 2024, payments are seamless, and so should your verifications! #InstantPayments #RealTime #TransactionMonitoring #AMLYZE

Exploring The Future of Cross-Border Payments with Thierry Chilosi, Chief Business Officer at Swift. Thierry recently shared his vision for the future at The Banking Scene Conference 2024 Brussels, highlighting the challenges and opportunities for the banking and fintech industries. He highlighted the global shift towards real-time payments and how this is transforming the cross-border industry, sharing impressive statistics, including the fact that 90% of Swift's payments reach the beneficiary bank within one hour, with 50% credited within five minutes! Read on for the key insights he shared on how Swift is enhancing customer experience and embracing innovation as it strives to make cross-border payments as seamless and efficient as possible for all users, from large financial institutions to individual customers. https://hubs.la/Q02HX3V70 Thierry's vision for the future of cross-border payments is full of optimism and opportunity and given that, according to McKinsey the sector boasts annual revenues of $280 billion, the size of the prize could be substantial 🚀 Thomas Peeters Innes Macleod #crossborder #payments #future #innovation

All EU banks need to be ready for instant transactions, both domestic and cross-border, by December 2024. How can banks use this opportunity to unlock long-term value and foster innovation? Explore the future benefits and opportunities of SCT-Inst infrastructures in our paper: https://lnkd.in/dfJMj5yh #Payments #BankingIndustry

📲💸 Instant payments across Europe are on the horizon – allowing the sending and receiving of money as quickly as a text message, at any time of day or night, and at no extra cost. But to get there, many banks and Payments Service Providers in the EU still need to address numerous challenges by Spring 2025.     👉 Find out what needs to be done by reading this article written by my colleagues Sigrid Hansen and Clément Robert: https://lnkd.in/ejc6YaeH    Andreas Habersetzer, Susan M. Barton, Alla Gancz and Anu Widyalankara #EYFinancialServices #InstantPayments #FutureOfBanking 

We have just released the European Mobile Payments Report 2024. The report offers an overview of Europe's domestic mobile #payments landscape, analysing current trends, identifying key success factors from relevant best practices, and finally outlines three possible scenarios in the medium-term perspective up to 2030. Many thanks to: ▶ Sirpa Nordlund from Vipps MobilePay ▶ Magdalena Kubisa from BLIK ▶ Fernando Rodriguez Ferrer from Bizum for their contribution as interview partners! What I personally found most interesting: By now, local banking industries have established fast-growing and widely used local mobile payment solutions in several markets across the periphery of Europe (Nordics, Eastern Europe, and the Iberian Peninsula) and Switzerland. From this, valid success factors can be derived that must be considered for the introduction and reflection on dynamics of new payment methods, especially in the light of developments such as #EPI, the digital Euro, and the ongoing coopetition with global mobile wallets #mobilepayment #mobilewallet Francesco Burelli, Peter Grosskurth, Kim Catherin Kasch, Lukas Bunge, Lena Büttner

🇪🇺 All EU banks need to be ready for instant transactions, both domestic and cross-border, by December 2024. How can banks use this as an opportunity to unlock long-term value and foster innovation? Jarkko Turunen, Head of Payment Products & Services, highlights, that upgrading your payment systems is an opportunity for faster services, reduced costs, and better customer satisfaction. According to The World Bank, instant payments are projected to grow over 35% annually through 2030. At Tietoevry Banking, we leverage over 30 years of experience to help you integrate instant payment solutions efficiently and meet regulatory demands. 🔗 Explore the future benefits and opportunities in our paper: https://lnkd.in/dfJMj5yh #InstantPayments #BankingIndustry #TietoevryBanking

All EU banks need to be ready for instant transactions, both domestic and cross-border, by December 2024. How can banks use this opportunity to unlock long-term value and foster innovation? Explore the future benefits and opportunities of SCT-Inst infrastructures in our paper: https://lnkd.in/dfJMj5yh #Payments #BankingIndustry

Did you know? In 2024, the UK's payment technology is rapidly advancing with widespread use of instant payments, digital wallets, and growing open banking. Contactless payments are rising in popularity, while 62% of businesses are enhancing fraud prevention through multi-factor authentication (MFA) and tokenisation. Read more in our latest newsletter: https://bit.ly/3LzZi9Q QUBE Events is proud to welcome John Mowat, Head of Strategic Policy at Pay.UK as a Speaker on “The Evolving Landscape of Digital Payments in the UK” at The 3rd Financial Innovation Forum - Payments & RegTech on 19 September 2024 at the Sheraton Grand Park Lane in Mayfair, London, United Kingdom. Topics Include: » Contactless and Mobile Payment Adoption, emphasising the impact on consumer behavior and expectations » Open Banking and PSD2/3 Influence: Discuss the transformative effects of Open Banking and the Revised Payment Service Directive (PSD2/3) on the digital payments ecosystem » Innovation in Payment Technologies: Exploring emerging technologies Get ready to engage with Payments and Regtech experts! Book now to secure your spot and enjoy a 10% discount before it expires! Contact us at [email protected] to claim the discount! To register and access the agenda: https://bit.ly/3xgoTk8 For more information on registration, please contact [email protected] #qubevents #FinancialInclusion #financialinnovation #Payments #RegTech #LondonEvents #FutureofFinance #Networking #RegisterNow #JoinUs #UK #Innovation #conferences #CEO #leaders #financialservices #finance #fintech #forum #sponsor #meeting #London #UnitedKingdom

Did you know? In 2024, the UK's payment technology is rapidly advancing with widespread use of instant payments, digital wallets, and growing open banking. Contactless payments are rising in popularity, while 62% of businesses are enhancing fraud prevention through multi-factor authentication (MFA) and tokenisation. Read more in our latest newsletter: https://bit.ly/3LzZi9Q QUBE Events is proud to welcome John Mowat, Head of Strategic Policy at Pay.UK as a Speaker on “The Evolving Landscape of Digital Payments in the UK,” at The 3rd Financial Innovation Forum - Payments & RegTech on 19 September 2024 at the Sheraton Grand Park Lane in Mayfair, London, United Kingdom. Topics Include: » Contactless and Mobile Payment Adoption, emphasising the impact on consumer behavior and expectations » Open Banking and PSD2/3 Influence: Discuss the transformative effects of Open Banking and the Revised Payment Service Directive (PSD2/3) on the digital payments ecosystem » Innovation in Payment Technologies: Exploring emerging technologies Get ready to engage with Payments and Regtech experts! Book now to secure your spot and enjoy a 10% discount before it expires! Contact us at [email protected] to claim the discount! To register and access the agenda: https://bit.ly/3xgoTk8 For more information on registration, please contact [email protected] #qubevents #FinancialInclusion #financialinnovation #Payments #RegTech #LondonEvents #FutureofFinance #Networking #RegisterNow #JoinUs #UK #Innovation #conferences #CEO #leaders #financialservices #finance #fintech #forum #sponsor #meeting #London #UnitedKingdom