Central Banking

Deutsche Bundesbank adopts SwiftNet FileAct

According to a report on Finextra.com, Deutsche Bundesbank is to adopt SwiftNet FileAct to begin standardizing its communications system for low value payments, bringing its branches in line with Germany's national Real Time Gross Settlement as it prepares for the creation of the single European payments area, known as SEPA.

The report from Finextra.com said that, with forthcoming regulatory changes looking certain to bring heavy compliance costs for customers, the adoption of SwiftNet FileAct

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: