Fintech Insider Podcast by 11:FS cover image

743. News: Revolut's banking licence in jeopardy and Anne Boden departs Starling Bank

Fintech Insider Podcast by 11:FS

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The Fragmentation of the European Payments Network

There's fragmentation on a number of levels. The most commonly thought of payment scheme is the SIPA Instant scheme in Europe, but that basically covers one currency. Not all banks are connected to both of them. So there's a challenge also connected to cross-currency payments to make them instant despite local instant schemes. And that's something that we're looking to bridge for IBM.

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