Since July 2021, the President of UOKiK has been conducting preliminary investigation in which he checks how banks behave towards consumers who have reported unauthorised transactions. The evidence gathered so far has given rise to charges against nine financial institutions.
Leading AI-based solutions provider, Pelican AI, announced that Santander Consumer Bank Austria has extended its partnership with Pelican to use its PaaS (Payments as a Service) solution. The Pelican Digital Payments Hub and integrated Sanctions Screening solutions will be used to process Target2, domestic SEPA payments and cross-border SWIFT payments on the Pelican cloud.