Sven De Kerpel’s Post

With the CFPB moving to finalize in 2024 its rules affirming US consumers’ right to their personal financial data, Open Banking is top of mind for many in the financial services industry. Join me, Nikhil Joseph, Lou Grilli and Nicholas Zeman at the Financial Data Exchange Summit in DC next week as we discuss what these changes mean for regional banks and credit unions. #FDXGlobalSummit #FDXAPI

#instantpayments will be the phenomenon of the next five years. They are set to account for one in three transactions worldwide by 2030. Our new white paper investigates the risks banks face from instant payments, and why #banks must control these risks to grow their business and deliver the instant services consumers expect. Find out more https://lnkd.in/dYBdvPKH

At present, #instantpayments using cards generate risk for banks because many bank systems are not ready to cope with the huge surge in transaction numbers that instant payments bring - according to the new white paer from #RS2. Furthermore, inconsistent data standards between different markets can make for poor communication and slower settlement, as well as making fraud identification and management more of a challenge. While the advent of the ISO 20022 data standard from November 2025 will help somewhat, the real challenge remains with individual bank systems. Find out why banks must control these risks to grow their business and deliver the instant services consumers expect. Find out more. Download our new white paper now: https://lnkd.in/ey9cdvij

⛔ MT199: The Unsung Hero of Swift Messaging ⛔ -> Ever wondered how banks communicate behind the scenes? 🏦💬 -> MT199 might not be a buzzword for everyone, but it's a game-changer in global banking! 🌍💡 -> It’s a free-format SWIFT message used for EVERYTHING from inquiries to urgent notices. Imagine having a tool that bridges financial institutions worldwide in seconds. 🚀 💡 Key takeaways for Corporate Bankers: 🔑 Real-Time Communication: Swift, secure, and reliable. Time-sensitive transactions? MT199 has your back. ⏳🔒 🔑 Non-Standard Requests: Customize your requests in real-time—anything from confirmations to special inquiries. 📄🤝 🔑 Flexibility in Transactions: Whether it’s about trade finance, credit facilities, or just staying connected with correspondent banks, MT199 is the tool to make things flow. 🔄📈 💥 The Hidden Power in your Toolkit 💥 As a corporate banker, leveraging tools like MT199 can make the difference between closing a deal on time or facing delays. How are you using SWIFT messaging to stay ahead? 💭 #CorporateBanking #MT199 #TradeFinance #SwiftMessaging #GlobalTransactions #BankingInnovation #QatarBanking

In case you missed our first webinar on preparing for the pending CFPB 1033 regulation, we have you covered! Check out this recap of key takeaways: https://lnkd.in/eFCG--3h Catch the latest in our ‘CFPB 1033 Preparedness Series’ in our conversation with American Banker and FDX co-chairs on the role of industry-setting bodies in the Open Banking ecosystem here: https://lnkd.in/eBXSSE-A #OpenBanking #IndustryInsights 

Open banking is already transforming your financial life, even if you don’t realise it! Following the completion of the CMA roadmap, BBC Radio's Money Box podcast featured John Somerville from the London Institute of Banking & Finance (LIBF), who explains how open banking is shaping the future of financial services. An OBL statement also highlights the critical role of consent, as well as the robust security measures and regulations in place to protect consumers every step of the way. Catch the key insights in this 4-minute clip >> https://lnkd.in/eUuh4eHT #OpenBanking #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #Payments #Data

From October 7, 2024, brace yourself for a revolution in financial security led by the UK's Payment Services Regulator. Tougher measures will be implemented to combat scams and provide enhanced protection for victims. Feeling unprepared? Join us at the MoneyLIVE where Rob Woods will be discussing: 🔍 The current state of App Fraud. 🔄 Adapting to PSR's reimbursement rules. 🔒 Enhanced SCA under PSD3: to what extent will this help stem the tide of payments fraud? 🤝 The power of cross-industry collaboration to prevent APP Fraud. 📚 Better customer education strategies: How can banks better inform customers of fraud risks? Don't wait until it's too late. Register now and stay ahead of the game: https://lnkd.in/djn-q-Yg #MLSummit24 #FinancialCrime #FraudPrevention

From October 7, 2024, brace yourself for a revolution in financial security led by the UK's Payment Services Regulator. Tougher measures will be implemented to combat scams and provide enhanced protection for victims. Feeling unprepared? Join us at the MoneyLIVE where Rob Woods will be discussing: 🔍 The current state of App Fraud. 🔄 Adapting to PSR's reimbursement rules. 🔒 Enhanced SCA under PSD3: to what extent will this help stem the tide of payments fraud? 🤝 The power of cross-industry collaboration to prevent APP Fraud. 📚 Better customer education strategies: How can banks better inform customers of fraud risks? Don't wait until it's too late. Register now and stay ahead of the game: https://lnkd.in/eWk5dgVE #MLSummit24 #FinancialCrime #FraudPrevention

Unlocking Innovation: Corpay Shortlisted for #BankingTechAwardsUSA I am thrilled to announce that Corpay has been shortlisted for the prestigious Banking Tech Awards USA. This recognition underscores our commitment to revolutionizing financial technology and our relentless pursuit of innovation in the banking sector. The Banking Tech Awards USA celebrate excellence and innovation in the banking and financial technology industry, recognizing companies that have made significant contributions to the advancement of #digital banking solutions. Being shortlisted for these awards is a testament to the hard work and dedication of our team at Corpay. At Corpay, we are driven by a mission to simplify financial processes and empower businesses to thrive in today's fast-paced digital economy. Our innovative platform provides businesses with the tools they need to streamline their payment workflows, reduce costs, and increase efficiency. What sets Corpay apart is our relentless focus on leveraging cutting-edge technology to deliver solutions that meet the evolving needs of our clients. Whether it's automating invoice processing, optimizing #payment approvals, or providing #real-time insights into financial data, we are committed to helping businesses unlock new levels of productivity and growth. Being shortlisted for the Banking Tech Awards USA is a validation of our efforts to push the boundaries of what's possible in financial #technology. It inspires us to continue innovating and pushing the envelope to deliver even greater value to our clients.

The Competition and Markets Authority (CMA) has announced the completion of its Open Banking Roadmap unlocking a new era of financial innovation. Ben Beecroft, Head of Monitoring at OBL comments Read more here >> https://lnkd.in/eZSAKjvJ #OpenBanking #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #Payments #VRPs Financial Conduct Authority | HM Treasury | Payment Systems Regulator