New TIPS and SEPA Instant Payments Framework of 2024

We are pleased to share Fineksus’ role in supporting the transition to the new TIPS and SEPA Instant Payments framework, implemented in January 2025, in alignment with Eurosystem updates and regulatory requirements. This transition establishes a real-time euro payment infrastructure, strengthening cross-border transaction efficiency across Europe.

What is the new framework?

The updated TIPS (TARGET Instant Payment Settlement) framework, introduced in January 2025, introduces enhanced features and operational updates designed to:

• Enable real-time settlement of instant payments across the euro area.
• Improve interoperability among financial institutions.
• Ensure compliance with SEPA Instant Credit Transfer (SCT Inst) standards.

How does this impact SEPA Instant Payments?

The SEPA Instant Credit Transfer scheme (SCT Inst), which enables transactions up to €100,000 to be completed within 10 seconds, has been fully integrated with the updated TIPS framework. Key benefits include:

• Real-time, cross-border payments that are fast, secure, and reliable.
• Improved compliance with European Central Bank (ECB) and European Payments Council (EPC) standards.
• A 24/7 operational model for uninterrupted payment processing.

Fineksus’ Contribution

Fineksus has supported clients across Europe in adapting to this updated framework. Through the Fineksus Service Bureau and PayGate Solutions, we have ensured a seamless transition to TIPS and SEPA Instant Payments. Key contributions include:

• Integration of TIPS and SEPA Instant messaging within the PayGate platform for efficient routing, processing, reconciliation, compliance, and reporting.
• Support for real-time settlement via the Fineksus Service Bureau, providing an extensive solution for financial institutions.
• Helping clients comply with the January 2025 regulatory updates by ensuring their systems are fully prepared for the new requirements.

Why this matters?

“This transition reinforces the importance of having reliable and efficient systems to support real-time payments in a rapidly evolving regulatory environment. With our Service Bureau and PayGate Solutions, Fineksus ensures that financial institutions are well-positioned to meet operational and compliance requirements effectively.

I would like to thank our teams and partners for their dedicated efforts during this transition. The updated framework ensures our clients are equipped with reliable, real-time payment solutions that align with evolving regulatory and operational requirements across Europe.” – G?k?e Gence, Solution & Project Director, Fineksus