Neobank Rebellion becomes first fintech to offer Spanish IBANs with banking licence
A Spanish IBAN will allow users to direct their salary to their Rebellion account.
A Spanish IBAN will allow users to direct their salary to their Rebellion account.
The IBAN capability BaaS platforms will become the key driver of flexibility and growth.
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.
Swiftref, Swift’s global reference data utility, has delivered the IBAN/BIC reference platform for the UK community under the guidance of Payments UK. The project was initiated in early 2015, with Swift commissioned to design and build the platform. Swift says this new Single Euro Payments Area (SEPA) International Bank Account Number (IBAN) Only (Sepaio) central […]
The UK’s Payments Council has selected Swift to build the country’s new central infrastructure platform in preparation for the next phase of SEPA regulation in 2016, through the provision of an automated central infrastructure platform for collection and maintenance of UK-specific SEPA routing data.
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.
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”.