Banking-as-a-Service: why IBAN is key
The IBAN capability BaaS platforms will become the key driver of flexibility and growth.
IBAN
Arkéa Banking Services first to partner with fintech start-up Railsbank
Fintech start-up Railsbank has signed its first partner, Arkéa Banking Services (Credit Mutuel Arkéa’s subsidiary), to use its platform to deliver SEPA payment services and IBANs across Europe.
Payments validation in the cloud through new UK service
A new cloud-based payments validation, enrichment and account conversion service has been launched by UK start-up Apply Financial. Called Validate, the service enables banks, non-banking financial institutions, corporates and individuals transferring money internationally to check and validate that international payment details are correct.
More than a third of euro transactions lack accurate SEPA data
New research from Experian shows that “only 65% of euro transactions have fully accurate destination routing data and 12% of electronic payments made to and from businesses in euros currently contain data errors”.
