The Bank of England is reporting issues with CHAPS or Clearing House Automated Payment System, the platform that enables real-time gross settlement payments in the United Kingdom. The Bank stated that ...

Executives from two Fintech companies believe this week’s system outages could hurt SMEs the most and highlight the need for additional resiliency in an increasingly connected world. The past seven ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Chaps is used for processing large time-sensitive payments ...