Our insights for your inspiration

Why paper mills need digital execution now

The paper and fibre industry is under structural pressure. Margins are tighter, competition is harsher, and experienced operators are retiring with no new talent to replace them. At the same time, customers expect greater speed, flexibility and sustainability. The question is no longer whether to digitalize, but how quickly to do it.

Some think they can delay introducing Verification of Payee – here are the risks …

As Europe moves towards a new era of instant payments, financial institutions face a critical balancing act: delivering the speed and convenience that customers expect while maintaining robust safeguards against fraud. Verification of Payee (VoP) has emerged as a key component of the European Payments Council's strategy to protect instant account-to-account transactions, helping to ensure that payments reach the intended recipient before funds are transferred. Yet despite clear regulatory deadlines and growing evidence of its effectiveness, some banks and corporate clients remain hesitant to implement VoP. In this article, Magnus Hedenberg, CEO and Founder of Movitz Payments, examines the concerns surrounding VoP adoption and explains why delaying implementation may expose organizations to significant operational, financial, and reputational risks.

As Verification of Payee deadlines approach, hesitation could generate serious risk

Banks should act now to cut risk and enhance their payment services, as payments go instant, the EU commission has set out an ambitious timetable to introduce Verification of Payee (VoP).

Tieto Banktech Defence Centre: Combating financial fraud together

Criminals now generate more income from financial fraud than from drug trafficking. Learn more about how we are safeguarding your finances from fraud

As European payments shift gear, scale and resilience are essential

"European banks must prepare for a new operating environment in which scale will be essential, and resilience should be at core of the strategy," argues Sathish Padmanathan, Head of Payments and Cash Management, Tieto Banktech.