The second blog in a two-part series focusing on the role of data, intelligence, and risk in the modernization of payments for the new era.
In the third and final edition of this blog series, we take a closer look at the instant payments journey and address communicating the value of instant payments to secure approval and support from the C-suite.
To meet today’s customer demands and regulatory mandates, financial institutions need to modernise their payments infrastructures and partner with innovative payment providers, co-creating a digital payments ecosystem based on newer hub models.
Institutions that have been slower to adopt real-time payments now find themselves at a crossroads, as many of the technological hurdles to adoption are being overcome, and FedNow’s launch is likely to make implementation efforts even more critical.
As corporations and consumers ramp up their demands for increasingly secure and instantaneous transactions, the US is accelerating efforts to develop and deliver real-time payment services on both a global and domestic scale.
