RedCompass Labs

New rules, new risks? ⚠️ On October 7, 2024, the UK financial landscape changed. New Payment Systems Regulator (PSR) rules now demand that banks reimburse victims of Authorised Push Payment (APP) fraud up to £85,000.    With the power to delay payments for up to 72 hours and an obligation to repay victims within five days, these rules are designed to protect customers.   But will they actually curb fraud, or just shift the burden elsewhere?    Silvija Krupena, CFCS, CAMS, Director of the RedCompass Labs Financial Intelligence Unit, explores three risks financial institutions need to consider. Learn more 👉 https://lnkd.in/etGvUGri

  Big news in European payments! 🇪🇺   Last Thursday, the European Payments Council published its highly anticipated Verification of Payee (VoP) rulebook as part of the SEPA Instant Payment Regulations.   The rulebook aims to standardize how banks across Europe verify payee information, helping to protect consumers from fraud.    But, however helpful this update may be, there are a number of challenges that banks will need to navigate.   We’ve read the rulebook, analyzed its impact, and are here to share what it means for European payment service providers. Here are 5 things you need to know👇 https://lnkd.in/euAgCexG

Discover how RTP is gearing up for interoperable instant payments 🏦 In this clip, James Colassano, SVP of RTP Business Product Management at The Clearing House, shares how his organization plans to extend the benefits of instant payments across borders (following a successful connection with EBA CLEARING). 🚀 You can access the full conversation using the link below 👇 https://lnkd.in/emzZDXE4 Kellie Johnson Amber Faedtke, AAP, APRP Irfan Ahmad

Still time to register! ⏳ Don’t miss our webinar: “How Can US Banks Win at Instant Payments?” happening today at 2 PM EDT/7 PM BST. Secure your spot 👉 https://lnkd.in/eBc6W-2j

How can US banks win at instant payments? 🇺🇸   Join industry experts Kellie Johnson, James Colassano, Irfan Ahmad and Amber Faedtke, AAP, APRP next week for an in-depth exploration. We'll dive into insights from 300 senior payment professionals at US banks to uncover how to leverage the current momentum and lead in the instant payments space. You'll discover: 🏦 Strategies for transitioning from receive-only to sending instant payments 🏔️ Navigating the top challenges in implementing instant payments 📈 Building a business case for instant payments 🔗 The critical role of global interoperability ❌ Tactics for tackling fraud in the instant payment landscape Register here 👇 https://lnkd.in/eKzWMXCr

How are banks using AI? 🔎 The rate of change in payments has never been this fast and will never be this slow again. AI can help banks to keep up – but are they using it in the right areas?    We asked 200 industry leaders to find out.    Our latest research reveals how banks are using AI in payments modernization.   You'll learn:   🏦 How banks plan to use AI for instant payments and ISO 20022 🏔️Their biggest challenges and concerns 📊 How AI will impact headcount   Unlock the insights that will shape your AI strategy for the future of payments. Download the report now. https://lnkd.in/eNMdj5vt

💬 Can Rich Data solve the SEPA Instant sanctions issue? Instant payments are exactly that—instant. This means there is no time for manual review of transactions; they must be processed immediately or rejected. This creates a challenge: up to 95% of payments for individuals with the same or similar names as sanctioned persons are flagged as false positives. To address this, the EU has introduced a streamlined sanctions approach in its instant payments regulation. But while this approach has its advantages, it also brings challenges for EU banks, which will still need to screen against non-EU sanctions lists. We explore why this happens and how it can be avoided in our latest article 👇 https://lnkd.in/eRVxTRC5

⌛️ Only 21 weeks to go… …until the first major SEPA Instant Payments Regulation deadline. To help you stay on top of things, we’ve put together a handy checklist covering some of the biggest changes. You can access the full checklist here 👉https://lnkd.in/gKJ7Yqxk

🚨 What’s the impact of open banking on financial crime? Join Jonathan Bell and a panel of experts at 3 pm to find out. Jonathan will be alongside Michael Bowman from Kroll, Luisa Franco, CAFP, Founder and CEO of LFP Risk Solutions, and Andrew Davies, Global Head of Regulatory Affairs from ComplyAdvantage, as they dive into: 🔍 Risk management for interconnected financial systems 🛡️ Best practices to combat financial crime in open banking 🚀 Cutting-edge tools and tech for prevention There's still time to register. Follow the link to save your space👇https://lnkd.in/eS8AJGGa

🇪🇺 Discover Everything You Need to Know About SEPA Instant Payments By 9 October 2025, EU banks must be able to send and receive instant payments. This is excellent news for European consumers and businesses. However, the new rules pose several challenges for payment service providers (PSPs). The deadlines are tight, and rolling out an instant payments service across all payment channels is no small feat. Fortunately, our latest guide can help. "The Ultimate Guide to SEPA Instant Payments" outlines the context, challenges, and opportunities for PSPs in Europe and beyond. You’ll learn how to: ⏱️ Navigate the 10-second rule 📈 Scale your instant payment processing 💪 Handle bulk payment files with ease Get up to speed on SEPA Instant Payments. Download your copy today👇 https://lnkd.in/eMzg4fCn