A P27 solution by PaymentComponents for the Nordic ISO20022 adoption
After delivering some world-class solutions for FedNow in the US and MEPS+ in Singapore, PaymentComponents delivers a P27 solution for the Nordics. Enhancing its Finaplo Financial messaging solution with P27 payments allows banks in the area to alleviate the burden of transitioning to this new protocol. P27 is a joint initiative within the Nordics to establish a pan-Nordic payment infrastructure for domestic and cross-border payments in the Nordic currencies and the Euro.
The FINaplo Financial Messages solution is offered as an embedded SDK that banks can integrate into their payments application and allow them to build, validate and parse their P27 messages . Additionally, an online service, which is also available via APIs for message validation, is offered to speed up testing for the messages of the P27 payment protocol. The use of our financial messaging libraries allows developers to embed our tools into their existing projects and to navigate this change smoothly.
PaymentComponents is a global B2B solution provider for the Payments and Open Banking space. We provide open and light software components in payments, financial messaging, and open banking that can transform your business. Our solutions are the necessary ingredients for more than 60 Banks, and Financial Institutions spread across 25+ countries to help them innovate and become digital champions.