RedCompass Labs

🇪🇺 The negotiations are complete. PSD3 and PSR are coming for the EU.   Soon, the work to move from PSD2 to PSD3 and PSR can begin.   This evolution is good news for consumers and businesses; they'll benefit from:   📊 Wider data sharing ⚠️ Better fraud prevention 🏦 More interoperability between EU banks     Read our latest article from Geeta Narkhede to find out what this means and how to get ready for the new regulations. https://lnkd.in/eyAWct82

☕️ What happens when you tap your card to buy a coffee? That payment takes up to 3 days to reach the café's account. And everyone takes a sip along the way. Stablecoins skip the middlemen. Faster settlement, lower fees. Santhosh Kumar breaks down exactly how it works.

What parts of the TARGET2 system are impacted by ISO 20022? The June 2026 upgrades will affect: 1️⃣ RTGS: Real-Time Gross Settlement 2️⃣ CLM: Central Liquidity Management 3️⃣ CoCo: Common Components ...and these won't be the only changes on the horizon. Arun Kumar Saravanan explains what banks should be doing now 👇

If Open Banking was the warm-up, Open Finance is the main event. And the curtain has just gone up.    The UK's Financial Conduct Authority set out its roadmap for Open Finance in April, with a clear path for delivery by 2030.    It will enable consumers and SMEs to share their entire financial footprint - such as mortgages, pensions, and investments - with any provider they choose.    For banks, this is not about compliance.   It is about revenue, customer retention, and competitive strategy. Santhosh Kumar explains what Open Finance will change, and why you should care.

We're really proud to have hosted the AI Deep Dive at The Payments Canada SUMMIT for the second year running. 🇨🇦 The room was packed. A clear sign of how important AI has become to this industry. Here are Kellie Johnson, Tom Hewson, and Oliver St Clair-Stannard's key takeaways 👇

🌊 Request-to-Pay (RtP) is making waves in the instant payments world.   In India, UPI is processing billions and a big chunk of that is through its request-to-pay flow.   Europe is making it a major driver of instant payments across the Eurozone.   But in the US? Things are more complicated than you'd think.   Praveen Bhosale breaks down where the US stands on RtP, and what needs to happen next. 👇

⏳ How banks communicate when payments go wrong hasn't changed in 40 years. The banking landscape is unrecognisable from the mid 1980s. 💻 Internet banking didn't exist 💵 Neither did instant payments 💳 There are billions more daily transactions The new ISO 20022 regulations are giving Swift's MT investigation process a much-needed update. By November 2026 banks must be ready to receive new ISO 200222 E&I messages. They need to be able to send them by November 2027. It will cost global banks multiple billions to complete the upgrades. Pratiksha Pathak is asking how wisely is this money being invested?

💳 Should Visa and Mastercard be worried about Pay by Bank in the UK? Cards accounted for 64% of all payments in the UK in 2025. Whereas account-to-account payments were only 6% of e-commerce transactions. So there's no immediate threat. But regulations are helping to build momentum. As Pratiksha Pathak explains, 2026 looks like it will be a make-or-break year for the success of Pay by Bank.

🌍 Q: What should banks be doing to get ready for Nexus Global Payments? A: Nothing. Yet. The next step depends on whether your instant payments scheme joins the Nexus framework in the future. If that happens, then it might be time to look at system updates and payment engine upgrades. But those are decisions for the long-term. Vishnu R Achuth's advice is to sit tight and see how the next stages unfold.

🇨🇦 The RedCompass Labs team are out in force The Payments Canada SUMMIT this week. If you're there too let us know: which session are you most looking forward to and why? (p.s. Make sure you don't miss tomorrow's AI Deep Dive with our very own Tom Hewson, Kellie Johnson and Oliver St Clair-Stannard.)