Ozone API’s Post

💶 Are banks in Europe ready for instant payments? In this article, Finastra's Amelia Ruiz Heras notes that the upcoming EU instant payments regulation will provide a big opportunity for banks and PSPs to develop new services and revenue streams, while supporting the growth of new embedded payment use cases. However, with aggressive timelines ahead, institutions need to move quickly. In many cases, the only way to meet these timelines and avoid penalties will be by adopting a suitable Payments as a Service offering. https://okt.to/tZL40q

For my, um, money, Consumer Financial Protection Bureau Director Rohit Chopra's comments of the agency's Open Banking/Section 1033 rule were the highlights of Money20/20's opening night. I share my early reflections here: https://lnkd.in/efR3n_mu #fintech #creditunions Best Innovation Group

💶 Are banks in Europe ready for instant payments? In this article, Finastra's Amelia Ruiz Heras notes that the upcoming EU instant payments regulation will provide a big opportunity for banks and PSPs to develop new services and revenue streams, while supporting the growth of new embedded payment use cases. However, with aggressive timelines ahead, institutions need to move quickly. In many cases, the only way to meet these timelines and avoid penalties will be by adopting a suitable Payments as a Service offering. https://okt.to/sbMP6t

💶 Are banks in Europe ready for instant payments? In this article, Finastra's Amelia Ruiz Heras notes that the upcoming EU instant payments regulation will provide a big opportunity for banks and PSPs to develop new services and revenue streams, while supporting the growth of new embedded payment use cases. However, with aggressive timelines ahead, institutions need to move quickly. In many cases, the only way to meet these timelines and avoid penalties will be by adopting a suitable Payments as a Service offering. https://okt.to/CnzMkj

🎥 What did Todd Clyde, chief executive officer of Token.io and headline partner of Open Banking Expo UK & Europe have to say when we asked him about: 👉 What is needed for Pay by Bank to go mainstream 🤩 Why the Expo is a must-attend for Token and the wider industry? #openbanking #openfinance #payments #paybybank #paymentinnovation

ClearBank, the enabler of real-time clearing and embedded banking, has expanded into Europe, working to fulfil client demand for Euro settlement and accounts. The newly established ClearBank Europe N.V. secured a Credit Institution Licence from the European Central Bank under the supervision of De Nederlandsche Bank. Expansion to Europe marks the first step in ClearBank’s international growth plans, with the company now competing on a regional level. “We are thrilled to be open for business in Europe – and this marks the first milestone in our global expansion strategy. We will soon fulfil client demand for Euro clearing, as well as Sterling, with the US Dollar coming next,” said Charles McManus, CEO, ClearBank. Unlike other European providers with legacy systems, ClearBank’s services are accessed via a single API, underpinned by a scalable and flexible, real-time cloud-native platform. The platform was purpose-built from scratch, allowing for more efficient and cost-effective transactions and free of legacy issues associated with traditional banking infrastructure. It also operates a unique business model, where client funds are held at the central bank for maximum security. Source: https://lnkd.in/eZ25-Rmy #banking #bankingindustry #bankingtechnology #bankingtech #financialtechnology #financialservices

💶 Are banks in Europe ready for instant payments? In this article, Finastra's Amelia Ruiz Heras notes that the upcoming EU instant payments regulation will provide a big opportunity for banks and PSPs to develop new services and revenue streams, while supporting the growth of new embedded payment use cases. However, with aggressive timelines ahead, institutions need to move quickly. In many cases, the only way to meet these timelines and avoid penalties will be by adopting a suitable Payments as a Service offering. https://okt.to/nPfYeE

Open banking is already transforming your financial life, even if you don’t realise it! Following the completion of the CMA roadmap, BBC Radio's Money Box podcast featured John Somerville from the London Institute of Banking & Finance (LIBF), who explains how open banking is shaping the future of financial services. An OBL statement also highlights the critical role of consent, as well as the robust security measures and regulations in place to protect consumers every step of the way. Catch the key insights in this 4-minute clip >> https://lnkd.in/eUuh4eHT #OpenBanking #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #Payments #Data

ABNB Federal Credit Union shares their journey with instant payments, offering insights that could guide your strategy. Uncover their lessons learned and industry experts' 2024 projections for instant payments below. #fintech #digitalpayments #instantpayments

Check out this week’s latest #WeekendReads to get caught up on what happened in #Payments this week. ⬇️ 1. PitchBook Analyst Note: Currency Crossroads: A Cross-Border Payments Deep Dive https://lnkd.in/gSSdEsfQ / PitchBook 2. How Can U.S. Banking Grow Instant Payments Faster? https://lnkd.in/dhqJmmBB / The Financial Brand 3. Breaking Barriers: How FIs Can Leverage Instant Payments https://lnkd.in/dDz9-fSQ / Payments Cards & Mobile 4. Instant Payouts: The Future of Faster, Secure Payments https://lnkd.in/g5Wvcwuv / NY Weekly 5. AppBrilliance Opens Pay-by-Bank Options for Closed-Loop Digital Wallets https://lnkd.in/gXrHqpvZ / PYMNTS