P27 Nordic Payments withdraws clearing licence application, leaving the project’s future unclear
P27 says “new requirements and regulations” have challenged its operating model.
P27 says “new requirements and regulations” have challenged its operating model.
The banks predict P27 will start generating revenue in 2021.
Evry will provide Software-as-a-Service (SaaS) core banking and payment solutions.
The P27 project intends to launch new piece of financial infrastructure next year.
Norwegian bank offers payments from micro bank cards in wristbands.
They are DNB, Danske, Nordea, Handelsbanken and SEB.
Danske Bank, DNB, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank in talking mood.
The challenger banks are coming of age. Aldermore, the UK’s fastest growing bank, is rumoured to be preparing for its IPO, just like OneSavings Bank, which was the first bank to list on the stock exchange since Bradford & Bingley in 2000.
Five international banks are to become direct participants in the UK’s CHAPS high-value payments system as part of the Bank of England’s efforts to reduce systemic risk.