In 2015, Lending Club and the Opportunity Fund, a California-based CDFI, announced a partnership intended to provide $ million in loans over a period of five months to 400 small businesses in underserved areas of California (for more information, s e e www.opportunityfund.org/media/blog/clinton-announces-partnership-between-opportunity-fund-andlending-club ). 8 See www.bis.org/cpmi/publ/d147.pdf.
Current achievements, such as SCT Inst and TIPS, should facilitate future work towards increasing the efficiency of the European payments market. Pan-European solutions based on instant payments would be a chance for Europe to strengthen its role in payment innovation to the benefit of all EU citizens and businesses. Let us work together on this future-oriented approach and help Europe going forward.