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Regulation news

Plumery partners with Payment Components


05 November 2024 Netherlands
Reporter: Jack McRae

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Image: stock.adobe.com/gnoparus
Plumery has partnered with Payment Components to allow clients to accelerate time-to-market and future-proof operations against regulatory shifts.

These shifts include the Instant Payments Regulation (IPR) which aims to make instant payments fully accessible to consumers and businesses across the EU.

The firms say that “while such regulatory changes usually impact core banking infrastructure, the Plumery and Payment Components partnership ensures these systems remain unaffected.”

Ben Goldin, founder and CEO of Plumery, says: “This partnership is crucial for institutions needing to rapidly modernise without overhauling their entire infrastructure. Together, we offer a powerful, flexible solution that enables our clients to embrace innovation while staying ahead of regulatory changes like the IPR.”

Sotirios Nossis, founder and CEO of Payment Payment Components, states, “Our collaboration with Plumery will empower financial institutions to seamlessly adopt modern payment technologies, addressing the complexities of regulatory changes, all while minimising disruptions to existing systems.”
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