EBA Clearing has announced that 103 banks are currently participating in a testing program it offers in the STEP2 pan-European ACH (PE-ACH) platform. Among the testing participants are all the major banks in Europe, as well as a broad sample of small and medium-sized banks. The purpose of the STEP2 SEPA testing program is to allow banks and their customers to exchange and settle payments on the platform with each other, thereby fulfilling ‘Self Assessment Level 4’ for end-to-end testing, which is the highest level under the EPC SEPA testing framework. It also allows the STEP2 user community to demonstrate that the software, networks, operation and business practices work in an environment that is as near to live operation as possible. The SCT Service on the STEP2 platform offers financial institutions an interbank processing service which will route, deliver, clear and settle SEPA Credit Transfers to all adhering banks in SEPA, in a secure and reliable framework that is compliant with the EPC Rulebook and Implementation Guidelines, as well as the CSM Framework, using standard banking interfaces and global ISO XML standards.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more