TARGET Consolidation Project of the Eurosystem: Benefits and Challenges

By |2020-07-23T09:05:43+03:00July 16th, 2020|

TARGET Consolidation Project of the Eurosystem: Benefits and Challenges TARGET consolidation project was prepared and launched by the Eurosystem and scheduled to November 2021 with an aim to consolidate the real-time gross settlement (RTGS) systems of TARGET2 and T2S (each of which will be explained in detail below) by improving them technically and functionally [...]

These Trends Are Changing the Payments Industry in UAE

By |2020-07-23T09:06:37+03:00June 19th, 2020|

These Trends Are Changing the Payments Industry in UAE Transition to a cashless economy The United Arab Emirates (UAE) has one of the most dynamic, innovative and liberal economies in the Middle East and in the world too through its large amounts of investments in the infrastructural and technological developments. The UAE is also [...]

SWIFT Standard Changes 2020

By |2020-07-23T09:07:48+03:00April 30th, 2020|

SWIFT Standard Changes 2020 In recognition of the operational stresses that the Covid-19 pandemic is putting on the global financial community, and especially on smaller institutions therein, SWIFT has decided to prioritize for 22 November 2020 only the MT Category 5 (Securities Markets) messages, which are required to enable compliance with forthcoming European regulations, [...]

ISO 20022 – Secure Payments to Transaction Management

By |2020-07-23T09:07:57+03:00April 22nd, 2020|

ISO 20022 – Secure Payments to Transaction Management ISO 20022 vs. the Current System ISO 15022 The ISO 20022 is a financial standard that aims to provide a universal, open and ample dictionary for financial data transmissions among systems and financial institutions. It serves as a globally accepted prescription to create new financial messages [...]

Benefits of SWIFT gpi (Global Payments Innovation)

By |2020-07-23T09:10:07+03:00February 28th, 2020|

Benefits of SWIFT gpi (Global Payments Innovation) SWIFT, known as the payment messaging network that provides secure and easier transactions internationally in between over 10.000 financial institutions, has developed a new initiative called SWIFT gpi (Global Payments Innovation) and it aims to enhance the payment procedures via SWIFT both for the customers and institutions. The [...]

The 3 Key Trends in Financial Messaging Solutions

By |2020-07-23T09:09:47+03:00January 16th, 2020|

The 3 Key Trends in Financial Messaging Solutions The challenge As the demand on the inter- and intra-bank relationships is increasing, the corporates are also added to the equation and occasionally the pressure on the financial organizations to create a more effective financial messaging system is showing its face more and more everyday. SWIFT, [...]

The Best of SIBOS 2019 London

By |2020-07-23T09:26:38+03:00October 1st, 2019|

Fineksus at SIBOS 2019 Featuring more than 11,000 delegates, 600 speakers and 300 exhibitors, Sibos 2019 London was the largest and most ambitious Sibos to date. As Fineksus we had a great event with our visitors in our stand. The main topics of SIBOS are about SWIFT gpi, processing of Data Science, [...]

Cloud Adoption in Financial Messaging Services

By |2020-07-23T09:26:57+03:00August 28th, 2019|

Cloud Adoption in Financial Messaging Services Why adopt the cloud? The fact that the financial services facing serious problems with the rise of digitalization and the new and different needs coming with it naturally drive them to find a solution to help them adapt to this new environment which is the cloud computing. Before [...]

Ultimate Guide To Choose The Best Financial Messaging Solution

By |2020-07-23T09:28:04+03:00June 26th, 2019|

  Ultimate Guide To Choose The Best Financial Messaging Solution Every business’ sustainability depends on the reliable and secure exchange of money. In this case, financial institutions stand as the gatekeepers as being responsible for providing transparency and security, especially during international transactions. This mission brings financial institutions a great challenge [...]

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