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Addressing the sanctions screening challenges of the new EU instant payments regulation – A customer screening perspective.
This new White Paper by Neterium "Addressing the sanctions screening challenges of the new EU instant payments regulation – A customer screening perspective.” explores the specific challenges of customer screening introduced by the EU Regulation 2024/886.
Starting today, all banks, savings institutions, and payment service providers in the EU must offer euro instant payments through all channels. Both domestic and cross-border transfers within the euro area must reach recipients within 10 seconds, 24/7, including weekends and public holidays.
To help the community operationalise this shift, Neterium published a white paper, “Addressing the Sanctions Screening Challenges of the New EU Instant Payments Regulation: A Customer Screening Perspective” explaining the practical implications of Regulation (EU) 2024/886 from a customer screening perspective.
The regulation requires financial institutions to screen customers immediately when new sanctions are published and to conduct daily customer screening. This significantly increases complexity for organisations running legacy systems not built for real-time processing.
What you need to stay compliant:
- Fast, automated sanctions-data updates
- Real-time, high-throughput customer screening
- Reduced false positives
- Scalable screening infrastructure
Read the white paper to see how Neterium delivers fast, scalable, and compliant customer screening.