• Finastra, SIA to expand real-time payments in Europe
    Finastra, a fintech company, has teamed up with SIA to provide payments services for European financial institutions.

    The partnership allows financial institutions to use the Finastra (formerly D+H) payments solutions to connect via SIAnet to RT1, EBA CLEARING’s pan-European Instant Payments infrastructure.

    Prior to EBA CLEARING’s platform that will be launched in November 2017, financial institutions will be able to experiment with real-time payments on the Finastra cloud-based testing environment. This environment provides simulated connectivity to EBA CLEARING’s RT1 for this purpose.

    SIA is an Italy-based company operating in the area of ITC, providing design, implementation, and management infrastructure and technological services for financial institutions.

    Source: thepaypers.com