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Blog · 5 min

Next Step on SEPA Instant Payments: International Instant Euro Scheme

The European Payments Council (EPC) recently introduced the One-leg Out Instant Credit Transfer scheme, set to go live on 28th November 2023. This scheme establishes a framework of rules, practices, and standards for any SEPA Payment Service Provider (PSP) conducting Euro-denominated instant credit transfers between SEPA (Euro Leg) and non-SEPA countries or SEPA countries with non-euro currencies (non-Euro Leg). This initiative is a crucial advancement in achieving the objectives of the 2020 EU Retail Payments Strategy. It marks the beginning of a harmonised real-time cross-border retail payment infrastructure, enabling instant payments across different geographies and jurisdictions. 

June 1, 2023

Whitepaper · 2 min

Whitepaper - UK Faster Payments: A Model for U.S. banks to Follow in their Journey to Real-Time?

As the United States progresses towards widespread adoption of real-time payments (RTP) through the launch of FedNow, valuable insights can be gleaned from the United Kingdom's experience with implementing real-time payments.

May 22, 2023

Blog · 4 min

Unleashing the Power of Data Sharing to Combat Financial Crime in the UK

The banking sector is under siege. Financial criminals are more sophisticated than ever, and their relentless pursuit of ill-gotten gains poses a significant challenge to the UK's economic growth and reputation as a secure place to do business. Data sharing has emerged as a vital tool in the battle against financial crime, with the potential to revolutionise how banks identify and thwart criminal activities. However, achieving this vision requires a deep commitment to collaboration, both within the private sector and between public and private entities.

May 22, 2023

Webinar · 45 min

Navigating the Integration and Resilience of New Payment Schemes: Strategies for Success in the Era of APIs and Cloud Technology

As the financial services industry continues to evolve, banks and other institutions are faced with the challenge of integrating new payment schemes while ensuring resilience and availability. This webinar will explore best practices for managing these new systems, with a particular focus on the role of APIs, cloud technology, and real-time payments. Our expert panel will share their experiences and insights on how to successfully approach these new payment schemes and achieve seamless integration, while also maintaining high levels of security and reliability.

May 11, 2023

Blog · 3 min

Navigating the 2023 EBA SEPA Maintenance Release and ISO20022 Migration

The 2023 EBA SEPA maintenance release brings significant changes with the migration to the 2019 version of ISO20022 message standards. Form3's fully managed service minimises the impact of these updates, ensuring a smooth transition while keeping clients informed and compliant.

May 11, 2023

Blog · 6 min

Why a Multi-Cloud Approach is the Answer to Operational Resiliency

As the launch of real-time payments service FedNow approaches, banks must prioritize operational resiliency. A multi-cloud approach can ensure 24/7 availability and meet FedNow requirements while minimizing risks and potential disruptions.

May 3, 2023

Webinar · 45 min

Beyond the Basics: Decoding the SEPA Instant Mandate and its impact on the Future of European Payments

Join us for an engaging and informative webinar that delves into the world of the SEPA Instant Mandate and its impact on Europe's payment ecosystem. During this session, our expert panel will discuss the innovative economic models banks are exploring to account for the lowering prices of instant transfers, including value-added services and payment flow efficiencies. They will also address the market changes introduced by the mandate, such as the acceleration of service adoption and the impact on existing SEPA Instant providers.

May 2, 2023

Blog · 3 min

Breaking Barriers in International Payments: Form3's Innovative 'Swift as a Service' Solution

The international payments industry is growing rapidly, with a projected global revenue pool of $2.9 trillion by 2025. However, accessing and maintaining cost-efficient access to the Swift network is challenging, due to physical on-premises requirements, complex messaging standards, and the need for multiple vendor integrations. Form3's Swift as a Service' offers a cloud-native, API-driven solution that simplifies connectivity and reduces operational overheads.

April 26, 2023

Blog · 3 min

Navigating the Complexities of Payments Transformation for Banks

Discover how banks can successfully navigate the complexities of payments transformation by debunking common myths and focusing on customer-centric solutions. Read our insightful guide today.

April 24, 2023

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