Marcel van Oost

🚀 Finexer Welcomes Open Banking Standard 4.0! 🚀 The new Open Banking Standard 4.0 brings an exciting wave of enhancements, focusing on security, usability, and user experience. At Finexer - Open Banking Platform, we’re dedicated to staying ahead of these advancements, so you can unlock the full potential of #OpenBanking for your business with confidence. 🌐 What’s New in Open Banking Standard 4.0? 🔹 Enhanced Security Measures New features prioritize user consent management and data privacy, making Open Banking safer for consumers and businesses alike. Finexer is fully aligned with these updates, ensuring your transactions remain secure and compliant. 🔹 Improved Payment Initiation Services (#PIS) 4.0 standards now support smoother payment flows with simplified authentication, enhancing the customer experience. Finexer’s platform is optimized for faster, frictionless #PayByBank payments that boost customer satisfaction and conversion rates. 🔹 Upgraded Data Access and Enriched Financial Insights Businesses can now access deeper financial insights and real-time bank transaction data, providing a richer view of user finances to inform smarter business decisions. Our solutions bring this data to life, helping you leverage it effectively for growth. 🔹 Support for Variable Recurring Payments (VRP) Standard 4.0 expands VRP capabilities, offering businesses flexible subscription and recurring payment options. Finexer is ready to support your needs, from single payments to VRP, keeping pace with the latest in Open Banking innovation. 💡 How #Finexer’s Solutions Align with #OpenBanking4.0: 1. Secure and Compliant – Full adherence to enhanced security protocols and consent management. 2. Seamless Payments – Instant, frictionless Pay-By-Bank transactions powered by the latest standards. 3. Data – Access enriched data for smarter financial decisions. 4. Flexible Payment Options – Comprehensive support for VRPs, single payments, and bulk payouts. 📈 Let Finexer Be Your Guide to Open Banking Success The Open Banking Standard 4.0 unlocks powerful new features, and Finexer is here to ensure you make the most of them. Let’s drive your business forward with the latest in Open Banking innovation! visit www.finexer.com #Finexer #OpenBankingStandard4 #OpenBanking #InstantPayments #VRP #FinancialData #DigitalFinance #PayByBank #FutureOfFinance #Fintech https://lnkd.in/g_reQvm3

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Finom Launches SEPA Direct Debit B2B Across Its EMI-Licensed Markets, Expanding Payment Options for European SMEs Read more: https://lnkd.in/dRr3Z2Ve #FINOM #SEPADirectDebit #B2BPayments #EuropeanSMEs #EMILicensedMarkets #finance #fintech #FinancialIT

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✂️ Cut fees. Reduce costs... Use instant account-to-account (A2A) payments? Across Europe, merchants are dealing with high fees from card and digital wallet providers. ⚡ #InstantA2APayments offer reduced fees and fewer complexities compared to these payment networks. Not only this, but they offer faster, more agile and secure payments for consumers and merchants alike. Read more about the benefits of A2A payments for merchants and how they may enhance your bottom line ➡️ https://lnkd.in/d__EGzuB #MerchantPayments #OpenBanking #A2APayments #DigitalWallets

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🔍 Transforming the Financial Sector: The EU Digital Identity Wallet 🔍 The EU Digital Identity Wallet is set to revolutionize the financial sector, and banks are uniquely positioned to provide trusted identity wallets. To succeed, banks need to start preparing. Missed our live webinar? Don't worry! You can now watch the Nets-hosted session where top industry experts Kristian T. Sørensen, Oscar Santolalla and Viky Manaila explore the transformative impact of the EUDI Wallet on European financial institutions and discuss how banks can prepare for these changes. 👉 Watch the webinar recording here: https://lnkd.in/dcCJ537A #EUDIWallet #EUDIframework #DigitalIdentity #eIDSolutions #eIDAS2.0

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With SEPA Instant Payment legislation coming into effect January 2025; at Facctum we're building the technology required for a smooth transition.

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How does PayLead ensure eligible transactions are rewarded just once, despite the possibility of subscribed bank clients sharing transactions with our fintech partners also offering cashback? 🤔 Go beneath the surface of our platform and understand how Pierre-Louis DANIEAU and the data team developed a solution to avoid this scenario 👇

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🚨 New EU Instant Payments Rules: What You Need to Know About VoP and SCT Inst 🚨 The European Union has just released an 82-page FAQ addressing uncertainties around the regulation of SEPA Instant Payments (SCT Inst), particularly the Verification of Payee (VoP) process. To save you time, I’ve summarized the key points below, along with some open questions that remain to be clarified. 🔑 Key Takeaways from the FAQ: Verification of Payee (VoP): Ensures the payee’s name matches the IBAN before authorizing a payment, reducing fraud and errors. VoP applies to both regular SEPA payments (SCT) and instant payments (SCT Inst). Important Deadlines: 🗓️ 09.01.2025: All payment service providers must accept incoming instant payments. 🗓️ 09.10.2025: Providers must send outgoing instant payments. 🚀 As part of these changes, outgoing payments will require the VoP service to further enhance transaction security. ❓ Open Questions: - VoP for Joint Accounts: Question: How will the VoP process handle joint accounts with multiple account holders? Interpretation: It’s possible that the VoP will check all names associated with the account. However, this has not been confirmed in the current FAQ. - VoP for Recurring Payments: Question: What happens when the payee’s name changes due to marriage or a company rebrands, but the IBAN remains the same? Interpretation: The VoP process may require a new verification when a name mismatch occurs. Payees may need to update their details, and payers could be prompted to confirm the changes before recurring payments proceed. However, the exact process has yet to be clarified. - VoP for Scheduled Payments: Question: How will VoP be handled for scheduled payments set far in advance, where details like the payee's name might change over time? Interpretation: One possibility is that scheduled payments may trigger VoP checks closer to the payment date. If discrepancies arise, payers could be notified and asked to confirm updated details, but there is no definitive guidance on this yet. 📢 Reminder: These changes are mandatory, and it's crucial that PSPs and businesses prepare for the upcoming deadlines. The VoP process is a game-changer for payment security across SEPA, but some aspects, especially around joint accounts, name changes, and scheduled payments, still need further clarification.

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Cboe Clear Europe Successfully Participates in ECB Experiment on Use of DLT Vikesh Patel, President, Cboe Clear Europe, said: “As Europe’s largest and most-connected pan-European clearing house, our core mission has always been to advance Europe’s post-trade landscape. Our successful participation in the ECB’s exploratory work, alongside ABN Amro Clearing Bank N.V., demonstrates our commitment to innovation and building our understanding of new technologies such as DLT.” https://lnkd.in/e-haU_uE #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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🚨 Only 1 in 3 Banks Prepared for EU Instant Payments Regulation. A new survey by Intix reveals that a majority of European banks are struggling to meet the 2025 deadlines for instant payments compliance. With ISO 20022 standards becoming mandatory in just over a year, the clock is ticking! ⏳ 👉 Follow-us on X @ https://lnkd.in/e5tZ_rAN #InstantPayments #Banking #Regulation #ISO20022 #PaymentsInnovation, #EuropeFintechNews Innovation Streets, Kurt Florus, Harold Vanobbergen, Tina Fisher,

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🚀Unlocking Growth & Innovation with PSD2 🚀 The future of banking is here, driven by PSD2 and Open Banking. Neobanks are leading the charge with secure, personalized financial services, faster payments, and seamless integrations. From enhanced customer experiences to new revenue opportunities, discover how neobanks are outpacing traditional banks with innovation, agility, and collaboration with fintechs. Are you ready for the PSD2 revolution? #PSD2 #Neobanks #OpenBanking #FintechInnovation #DigitalBanking

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N26 Welcomes Complete BaFin Growth Restriction Lift From 1 June 2024 Valentin Stalf, CEO of N26: “We are pleased about the trust of our regulators and will continue our close exchange in the future. In recent years, we have been able to make significant progress in preventing and combating money laundering and financial crime.” https://lnkd.in/e9_MtJjJ Maximilian Tayenthal #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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TuaPay seamlessly integrates with payment providers, delivering an all-in-one consumer financing solution to merchants. Some Benefits for Merchants: - Get paid upfront. TuaPay absorbs the risk. You get paid, in full and upfront. Instead, your clients will pay us over time. - A lender for every consumer. With TuaPay, clients get greater purchasing power with any credit profile through multi-lender options. - Fast checkout. You get paid, in full and upfront. Customers pay us over time. Good for merchants. Good for consumers. #TuaPay #Tua #DirectIntegration #SeamlessIntegration #ConsumerFinancing #Lenders

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📢 New EU regulation for instant payments – are you ready? Download our exclusive brochure and learn how to achieve seamless compliance! 💡  Payment Service Providers are facing significant challenges as the new EU Instant Payments Regulation comes into effect. The obligation for daily customer screening, immediate updates to comply with new sanctions, and the shift away from transaction-based checks are just some of the new requirements. Failing to comply could lead to delays, dissatisfied customers, and costly penalties. But how can you meet these demands efficiently? ⚙️ Our latest brochure offers a detailed overview of how our software solution RiskShield automates processes like customer watchlist screening, reduces false positives, and optimizes compliance – leading to greater efficiency, fewer penalties, and lower operational costs. Discover how you can tackle your #compliance and #watchlistscreening challenges and stay ahead of the regulation! 👉 Download our exclusive PDF brochure now and find out how to get ready: https://t1p.de/1t2lu #worldofriskshield #instantpayments #fraudprevention

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Swift Research Finds European SMEs Expect to Be More Competitive and Save Money as a Result of Instant Payments Regulation Marianne Demarchi, Chief Executive, EMEA, at Swift, said: “The European regulation has the potential to be a landmark development for the cross-border payments industry, but financial institutions are under pressure to comply with the Verification of Payee element by the October 2025 deadline. Swift is ideally-placed at the heart of the industry to facilitate interoperability of VoP schemes, simplifying the compliance process for our community and giving users of cross-border payments peace of mind when sending money not just across borders within Europe, but also beyond.” https://lnkd.in/e9QEurFf #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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We've just published the Konsentus Q2 TPP Open Banking Tracker. 📈📊 Some of the highlights: ⭐️ 370 TPPs in the EEA ⭐️ 197 TPPs in the UK 🇩🇪 Germany leads by Home-regulated TPPs 🇮🇹 Italy leads by passported-in TPPs Read the full summary for more information 👉 https://lnkd.in/eHDxNdWW #konsentus #openbanking #openfinance #tpp #thirdpartyprovider #trustframeworks

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Payments and transaction data are becoming a strategic issue in the EU and beyond. Today, the EU retail payment market is still dominated by traditional payment methods, specifically card-based payments. New payment methods still struggle to reach sufficient level of maturity to compete with international card schemes. We believe that the European Commission and EU regulators can play a role in promoting competition and innovation in the payment market, and thus we recommend them to: 📌 Address the problem of rising costs of payments in the EU 📌 Boost competition of the EU retail payment market 📌 Focus on harmonising and ensuring the successful implementation of future-proof rules on open banking, on the authentication of customers and on the fight against fraud Read more details in our Manifesto for European Elections 2024 👉 https://lnkd.in/dbiJcvKs #ecommerce #EUelections2024

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The digital payments landscape in Europe is undergoing a seismic shift as banks prepare to implement SEPA Instant, the regulation mandating instant payments in euros across the Single European Payments Area https://lnkd.in/dwEqTQQN

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Revolutionizing cross-border payments! In our connected world, it’s astonishing that many international transfers are still slow and costly. Traditional systems and multiple intermediaries create hurdles for banks and users alike. Unlock the future of payments with App in Snap! We empower banks with innovative solutions that offer: - Instant Transactions: Real-time fund transfers. - Cost-Effective Solutions: Lower fees, higher savings. - User-Friendly Interface: Seamless integration for banks and customers. - Scalability: Solutions that grow with your needs. - Comprehensive Analytics: Valuable insights for better service. Say goodbye to the old ways and hello to a faster, more affordable future for money transfers! Together, let’s lead the charge in transforming cross-border payments! #CrossBorderPayments #Fintech #DigitalBanking #InstantTransfers #Innovation

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ClearBank's European Expansion: A Significant Development for Embedded Banking and Fintech ClearBank just secured a Dutch banking license, marking a significant step in their European expansion. This move enables them to offer Euro accounts and payments alongside Sterling, opening up access to major European payment rails like SEPA and TARGET2. What does this mean for the market? > Increased Competition in Embedded Banking: ClearBank's modern, cloud-native platform and focus on real-time clearing offer a compelling alternative to traditional banking infrastructure. This will likely spur innovation and put pressure on incumbents to improve their offerings. > Opportunities for Fintechs: ClearBank's API-driven solutions and multi-currency capabilities make it an attractive partner for fintechs looking to expand across Europe. We can expect to see new and exciting collaborations in the coming months. > Accelerated Adoption of Real-Time Payments: ClearBank's focus on real-time payments aligns with the broader trend towards faster and more efficient payment systems. This move will likely contribute to the wider adoption of real-time payments across Europe. #fintech #embeddedbanking #payments #ClearBank #SEPA #TARGET2 #EuropeanCentralBank #DeNederlandscheBank

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