P27 aims to provide open-access infrastructure that is shared by all Nordic financial institutions to enhance the client experience and lay the groundwork for future advancements
Meet Finastra at NextGen Nordics, 25 April in Stockholm
P27, created in 2018 with the ambition of establishing a single pan-Nordic payment infrastructure for the region’s 27 million citizens, is now forging ahead. Currently incorporating real-time, batch, domestic, and cross-border payments on a single platform, critical P27 infrastructure is transforming the value chain in Sweden. The conference will explore Swedish success, Denmark’s recent buy-in and what this progress means for scaling innovation across wholesale and retail banking in the Nordic region.
Book a meeting with our solutions experts and specialists on-site to discuss how to respond to rapidly changing payments regulations and customer expectations, deliver faster innovation and enable your business to grow.
Open to innovate
Creating faster, safer, cheaper direct payments between the Nordic countries
- New data standards
- Multiple touch points
- New technologies
P27 requires a harmonised infrastructure that enables all banks, processors, merchants and fintechs to benefit from consolidated and interoperable payments
Partner with Finastra for your P27 project
One stop shop for your payments needs
- Fusion payments solutions provide real-time, batch and high-value payments in a single platform built around ISO 20022
- Our solutions are proven around the world, including the Nordics
- We can enable connectivity with SEPA, SEPA Instant, CBPR+, and SWIFT
Flexibility powered by the cloud
- Finastra offers both SaaS solutions for payments processing, and tailor-made cloud-based managed service solutions
- FusionFabric.Cloud will enable access to Finastra’s core solutions via open APIs and datasets
- FFDC facilitates faster access to over 190 partner solutions
A partner for future growth
Fusion payments can future-proof your payments business, helping you meet your customers demand in an agile way!
Benefits for Financial Institutions
Reduced transaction cost
Greater opportunities for innovation and flexibility
Lower total cost of infrastructure
Benefits for Consumers and Companies
Speedier and more cost-efficient payment options
Reduced payment fraud
Interoperability across the different mobile payment
Get ready for P27
Make sure your system can process ISO 20022/XML
This will also soon be a requirement if you're using SWIFT to send cross-border message instructions to banks outside of the Nordics
Understand data security and compliance rules
Banks should familiarise themselves with the rules set out by the NPC and ensure they’re ready to meet them when P27 goes live
Prepare for new innovations
P27 will also allow Nordic banks to leverage services such as Request to Pay, streamlining payments services and improving predictability
Book a meeting with Finastra at NextGen Nordics on 25 April in Stockholm
Book a meeting with our solutions experts and specialists on-site to discuss how to respond to rapidly changing payments regulations and customer expectations, deliver faster innovation and enable your business to grow.
Form 8998 - P27
For more information on P27 Nordic Payments
After getting in touch with us above, please visit the P27 Nordic Payments website.