News Details

FIMBank launches Incoming Euro Instant Payments

22.01.2025

FIMBank has announced the launch of Incoming Euro Instant Payments, enabling Euro transactions to be processed in under 10 seconds, 24/7, including weekends and public holidays. This milestone reflects FIMBank's commitment to delivering efficient, real-time payment solutions for businesses and individuals alike. The introduction of Euro Instant Payments ensures that customers can recieve transfers up to €100,000 almost instantaneously, providing businesses with enhanced cash flow management and individuals with immediate access to their funds. This advancement aligns with the "Instant Payments Regulation" (IPR), an EU directive effective as of 9 January 2025, which aims to modernise and expedite Euro payment processing across the European Union.

Darren Goodwin, FIMBank’s Head of Operations, emphasised the operational excellence behind this achievement: “At FIMBank, we recognise the critical role of efficient operations in today’s fast-paced financial environment. This launch reflects our commitment to providing seamless and reliable payment solutions, backed by rigorous testing and operational precision.” Mr.Goodwin highlighted the collaborative efforts of the operations team, which spearheaded the project with robust testing and validation processes to ensure the system’s reliability. The technology team provided essential support by upgrading and optimising the bank’s IT infrastructure, enabling full compliance with regulations and a smooth customer experience. “The successful deployment of Incoming Euro Instant Payments highlights our focus on operational excellence and the effective use of technology to support our clients’ needs”, added Mr. Goodwin.

This milestone underscores FIMBank’s commitment to providing innovative, customer-focused solutions and enhancing the customer experience with modern, reliable payment options. Businesses will benefit from improved cash flow and efficiency, while individuals enjoy peace of mind with real-time updates and instant access to funds. For further details about Euro Instant Payments, please visit fimbank.com.