Experian has entered into a partnership with Clear2Pay, the Brussels-headquartered payments technology company to embed Bank Wizard, Experian’s bank account and validation software, in Clear2Pay’s Open Payment Framework (OPF), an end-to-end payment processing system used by European banks. Bank Wizard is designed to undertake bank account validation for banks and corporates operating internationally to minimise errors by enabling customers to check the validity of bank details before a payment is sent to a clearing house or another bank. Jon Burghart, sales director at Experian Payments, said: “Bank account validation is becoming even more important for banks with new payment channels, such as the single euro payments area (SEPA), emerging. As a result, it is crucial that banks can rely on their payments processing systems to reduce the number of rejected payments as these have a direct impact on administration costs and customer service.”
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