Currently, only 38 participants are directly connected to CHAPS (Clearing House Automated Payment System), with most connecting through indirect agreements. Many prospective participants choose not to pursue direct participation due to strict…

Driving the mainstream growth of Open Banking payments continues to be a key talking point for the UK government, regulators and wider banking industry. With more than 10% of the UK adult…

Last month, Icon brought together payments professionals from across Europe and the US for our 3rd IPF Day. Amid regulatory pressures, increasing competition and evolving business needs, the event served as an…

In 2024, Sibos is opening its doors in Beijing, marking the first time that China’s capital is hosting the event. Taking place 21-24 October, the event will bring together thousands of senior leaders…

In today’s turbulent economy, corporate treasurers are looking for banks that offer payment and treasury services that help them automate tedious AP and AR processes, optimise their liquidity management, reduce risks as…

The G20 roadmap seeks to enhance cross-border payments by tackling challenges around cost, speed, access, and transparency, prompting various industry initiatives. One such initiative is FMI interconnectivity, covered in the blog “Developments…

In 2020, the G20 launched its Roadmap for Enhancing Cross-Border Payments focussing on goals around speed, transparency, cost and access. Progress on this roadmap is leading to change across the cross-border payments…

As the EU Instant Payments Regulation (IPR) implementation deadlines loom (January 2025 for receiving and October 2025 for sending instant payments), Payment Service Providers (PSPs) are scrambling to get their instant payment…

On 30th July, the Bank of England (BoE) published a new discussion paper outlining its approach to innovation in money and payments. The BoE’s goals are to maintain stability, trust and confidence…