In July 2020, the European Central Bank (ECB) announced that the project timeline to consolidate TARGET2 (T2) and TARGET2-Securities (T2S) would be extended by one year following discussions with the European financial community.

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Securities industry leaders collaborate to help ease financial crime compliance concerns for cross-border securities accounts

The trend towards digitisation in the payments world was supercharged in the past year as the pandemic saw customers reach for digital solutions in far greater numbers than ever before. For financial institutions in Africa, it is vital to stay on top of this demand.

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The first Standards Forum Indonesia gathers more than 160 participants.

The New Payments Platform is a landmark payments industry initiative in Australia. It heralds a new dawn for fast, flexible and data-rich domestic payments.

With customers demanding instant and frictionless financial interactions, the emphasis is on the banking world to utilise cutting edge technologies to enhance their services.

Financial crime compliance is an increasingly complex and expensive process, and the reputational and cost consequences of falling short are significant. It’s especially challenging as transactions move internationally, because financial institutions must navigate different regulations and requirements across jurisdictions. This makes compliance an area of potential friction that can prevent payments reaching their destination quickly – even as consumers increasingly expect cross-border…