Upgrading the UK’s interbank payments infrastructure to align it with a growing digital agenda is an increasing necessity, and through The New Payments Architecture this project is well underway with many banks and Fintechs now in the process or assessing its impact.
But with this new way of organising the clearing and settlement of payments being at the forefront of payment innovation, a conversation is emerging around the types of access model and settlement models that will be supported.
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