Community

In more than two decades in banking related technology and a banker prior to that, I am strongly convinced there never was, is and will be one technology solution that is perfectly integrated to meet the requirements of a bank. Fintechs included.  That is the reality. 

The best solution to me is to allow the corporates to structure their own product at will. Corporates know betetr than banks what they need. 

Succinctly put.  For the gpi to accelerate, I believe it has to be a service offering with little or no cost. The service providers will question, what is in it for us?  It is the float that can be tactfully used.  SWIFT is up against with Ripple etc to ease the friction in cross border payments.  Open to corrections here.

It will be nice to know how each of the players in the eco system will stand to benefit in dollar terms.  Recepients of cross border payments do know that thservice providers hold back credits which is opaque while in transit and offer lame reasons for delay. In this background, what is instant? 

I am all for gpi and I am convinced given the infrastructure and credibility of SWIFT it has the potential to be the fastest to move dollar from place A to place B.

Thought provoking views. Speaking to several SMEs (small-mid corporates) the opinion is that a bank provides services, however the self service must empower (the SMEs) to structure these services without the intervention of the bank, in products or payments.