Whitepaper: How real-time payments are solving today’s problems for tomorrow’s success

blog· 3min

August 19, 2022

What are the current challenges faced by banks in their efforts to meet instant payment objectives, how is the global real time ecosystem is driving pressure on financial institutions to evolve, and what are the best way for banks to orient themselves for real-time success.

Why should change be embraced and not feared?

Banks understand what they need from real time global payments, but reaching a position where they can leverage the full benefits available is a significant challenge. While multiple projects are underway around the globe in an effort to bring real time to multiple markets, before banks can tap in to the advantages of real time, they must first get their technological house in order. Banks must consider how real time payments should interoperate with each other,and create real time global settlement and clearing. Why does this remain such a challenge? It is all related to what is happening in the payment structure of traditional banks. In this latest report in collaboration with Finextra we look at how the global real time ecosystem is driving pressure on financial institutions to evolve, and what are the best way for banks to orient themselves for real-time success.