Around the world, banks and central banks are pursuing options for real-time payments. Many countries already have faster payments solutions, and in the U.K. we’ve seen payments volume grow exponentially as it becomes easier to send and receive payments.
At Sibos, it became evident that banks are actively looking for new innovative solutions to fill this need. While banks last year were intimidated by innovation, the demand for real-time has grown enough that banks are pursuing various options – they’re opening their own innovation centres, experimenting with distributed ledger technologies, and looking to their payment systems integrators (like Accenture and CGI) for advice on which new technology to implement at a commercial stage. We’re turning a corner towards global ubiquity – banks know it’s not enough to have domestic faster payments – they need interoperable, cross-border solutions.
Attendees will learn:
- Why bankers are demanding real-time payments
- How payment systems integrators can help banks make an informed decision about which new technology to pursue
- Why faster payments are today limited to domestic use cases
- How distributed financial technologies create global ubiquity and interoperability
Speaker: Nilesh Dusane, Senior VVP Sales and Client Relations, Ripple