A new regulation adopted by the European Parliament will make instant payments mandatory, transforming the banking industry and enabling faster, safer, and more convenient payments. But with tight deadlines for adoption, it’s clear that banks will need to act quickly to comply with the new rules.
Act now, or risk falling behind! Watch Finastra's webinar featuring regulation, banking, and technology experts as we unpack the effects of the new instant payments rule and why starting now is essential.
You’ll gain insights into:
- The five key components of the recently passed legislation, including mandatory instant payment rules, pricing parity, verification of payee, bulk payments processing, and sanction screenings
- The tools and strategies needed to comply with the new rules to meet the deadline on time
- The readiness of banks in Europe for the upcoming changes and their ability to send or receive instant payments
- The role of technology providers in offering solutions to comply with Europe’s TARGET Instant Payments Settlements (TIPS) and future-proof businesses to adapt quickly
- The opportunities for innovation provided by third-party-initiated value-added services
The entire industry is pivoting to the new rules. Ensure your institution is at the forefront, not scrambling to catch up with this monumental transition.