Payment capabilities for banks in Sweden

Reach compliance dates and a future ready solution with Tietoevry Banking payment capabilities for banks in Sweden

Swedish payment capabilities

RIX-Inst

Meet the compliance deadlines by November 2024

In addition to various Instant Payments schemes across Europe and the Nordics (such as Straks 2.1-2.3, SEPA Instant, RT1, and TIPS), we are proud to offer support for the latest instant capability, RIX Inst. This cutting-edge solution facilitates real-time settlement of payments between banks, operating seamlessly around the clock and throughout the year in Sweden's central bank currency.

RIX-RTGS

Keep up with transfering large payments between banks

Tietoevry Banking is dedicated to assisting Swedish banks in facilitating large payments between institutions. As part of our suite of services, we offer RIX-RTGS payments, which are undergoing a significant transformation as RIX RTGS transitions to the MX (ISO 20022) messaging standard, replacing the current MT standard. This transition encompasses all payment processes and essential messages integral to Riksbank’s payment services.

Mass Payments

The evolution of Domestic Payments with "P27"

Following the withdrawal of P27's clearing license application in Sweden, triggered by the migration of Swish volume to RIX-INST and Denmark's central bank progressing with its own initiatives, the continued presence of Bankgirot seems inevitable. Currently, all Bankgiro, Autogiro, and e-invoice payments are processed through Bankgirot's systems. Meanwhile, direct account-to-account transfers are cleared via Dataclearing, an arm of Bankgirot.

Download the white paper now

Free download of white paper on Swedish instant payment infrastructure

Instant Payment migration made easy

As the Riksbank accelerates towards full compliance with the EU’s instant payments mandate by the end of 2024, we explore migration options for Swedish banks of all sizes.

Get a copy!

Learn More

Tietoevry Banking Request to Pay, a fully functioning engine leveraging the intelligence of instant information flows.

Instant Payment Capabilities for European and Nordic Banks, unlocking the full potential of modern banking and value-added services.

Payments as a Service, a payments ecosystem with composable built-to-evolve capabilities for banks.

 

 

 

 

 

Survey report

Forging a future-proof payments model! The payments industry evolves rapidly, driven by regulation, technology, and market shifts. Our survey with Finextra Research explores how financial institutions can adapt their models for continued success in this dynamic landscape.

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