Author: Merten Slominsky, Managing Director, Payments EMEA, Finastra

Author

Merten Slominsky

Merten is responsible for all direct and indirect software and services sales for our Payments products in Europe, Middle East & Africa, closely cooperating with our global partner management to leverage sales across the region. He joined Finastra in 2020, was originally responsible for Finastra’s sales activities in Central & Eastern Europe for our complete product range. In June 2021 his portfolio was expanded to also include Southern Europe. He is excited about our future-oriented approach to Open Banking, Banking-as-a-Service, Platform and Cloud offerings and sees enormous potential in the Financial Software Market, especially for our Payments solutions.

Switzerland Instant Payments

The demand for instant payment (IP) services around the world has soared in recent years, primarily driven by shifting customer expectations for fast, convenient, and seamless fund transfers. In response to this demand, the Swiss Interbank Clearing (SIC) payment system announced it will process IP, operated by SIX on behalf of the Swiss National Bank. By August 2024, banks processing more than 500,000 SIC messages annually will be required to facilitate IP, 24 hours a day, 7 days a week, and 365 days a year. All other banks in the region will need to comply by 2026. Other regions are…

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