JPMorgan launches SEPA Instant payments

Latest News

JPMorgan launches SEPA Instant payments

By Hannah McGrath

10/04/2019

JPMorgan is launching real-time payments across its European banking network.

The roll-out of the Single European Payments Area (SEPA) Instant service means the bank now offers real-time payment capabilities in US Dollar, Pound Sterling and Euros.

It said the system, which includes a single global Application Programming Interface (API), offers immediate payments finality, easier reconciliation, the ability to address immediate business needs and improved liquidity management.

SEPA Instant can also be used for credit transfers of up to €15,000.

Sungmahn Seo, head of EMEA payments at JPMorgan, said: “Adding SEPA Instant is another step towards offering real-time payments around the globe.”

Data trust in the AI era: Building customer confidence through responsible banking

In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future

In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Transforming document management into a strategic advantage for financial institutions

In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime

The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.