LinkedIn Live - Payments 02: Instant payments: Building a secure and interoperable future | Swift

LinkedIn Live broadcast: 17 October 2024 In February 2024, the European Commission passed regulation promising to transform cross-border payments across the continent. Titled the Instant Payments Regulation, it mandates that payment providers offer consumers and SMEs instant, fairly priced payments, bolstered by additional screening and Verification of Payee checks. So far, several European countries have developed their own systems to complete Verification of Payee checks on domestic transactions. These confirm that the name on a payment matches the beneficiary account, helping to prevent avoidable errors and reduce instances of automated push payment fraud. But work is needed to ensure these checks can be performed on a cross-border level, so that institutions can comply with the regulation’s October 2025 deadline. In this session, Swift’s Cian OMurchu and HSBC’s Neil Anderson will dive into the topic. They’ll explore the current landscape, what’s needed to achieve interoperability between domestic systems, progress beyond Europe, and the role that Swift’s Payment Pre-validation solution can play. Interested? Watch video now! ========== SPEAKERS: 1) Cian OMurchu – Swift - Managing Director, Head of Strategic Transformation Office BIO: As Head of Strategic Transformation for Swift Cian is responsible for leading and driving significant change initiatives to ensure Swift's ability to adapt, innovate, and remain competitive across payments, securities, trade and FX. Over almost two decades Cian has performed a broad range of leadership, transformation and business development roles across Deutsche Bank’s Investment Bank (2001-2012), Global Transaction Bank (2012-2022) and Swift's Strategy & Innovation Function (2022-Present). Cian works closely with clients, vendors and banking partners worldwide co-developing solutions, delivering advice, keynote speeches and workshops. Cian is also an experienced Non-Executive Director working with organisations across the performing arts industry. ------------- 2) Neil Anderson – HSBC - Head of Core Payments Product, Europe BIO: Neil has 20+ years’ experience of transactional banking with large global banks. Neil ran the Payments Solutions Business for HSBC in South Africa before moving to the UK 4 years ago to take up his current role, where he is responsible for managing and delivering the core payment product capability for HSBC’s Global Payments Solutions unit across Europe. ========== LinkedIn Live original video and event page: https://www.linkedin.com/events/7246785944043798529/ #insideinnovationlive #linkedinlive #live #instantpaymenhts #payments #swift ______________________ https://www.swift.com