Jarkko Turunen

Nov 15, 2024 | tietoevry.com | Jarkko Turunen

Mobile and Instant Payments in the Nordics: A Test Lab for InnovationNordic countries have become a pioneering ground for mobile payments, with each market taking a distinct path in developing their mobile payment ecosystems. In Sweden, the Swish app, a bank-owned utility, drives real-time payments, allowing seamless transactions between bank accounts.

Oct 27, 2023 | tietoevry.com | Jarkko Turunen |Tietoevry Banking

There are three main challenges, often referred to as the "three C's," that are driving banks to reevaluate their operating models. ComplianceThis challenge centres around the ever-evolving landscape of regulatory initiatives related to instant payments and other industry-driven compliance measures. While ISO 20022 is simplifying payment processes, there are still numerous local regulatory initiatives to navigate.

Sep 27, 2023 | tietoevry.com | Jarkko Turunen |Tietoevry Banking

In May 2023, the European Commission published a draft proposal to mandate the use of instant payments for all Euro transactions between member states into and out of the Euro area, including those EU members not currently using the Euro. Instant Euro transactions from Euro accounts are to be made available 24 hours a day, seven days a week.