Bitesize Payments
RTGS part 2
Dave and I thought that there was so much to discuss around RTGS that we decided that we need 2 podcasts. So here is part 2….
We are going to discuss a little of their history and dive into why RTGSs are so critical….
Before the advent of RTGS, many countries used deferred net settlement systems for interbank transactions. In these systems, payments were accumulated over a certain period, and then the net amount was settled at the end of the day or another specified time. While this method was efficient, it carried significant systemic risk. If one bank failed to meet its obligations, it could trigger a chain reaction, potentially destabilizing the entire financial system.
Payments Industry Insights
History of Payments
Payment System Explained
Corporate Payments Strategy
Payment Regulations Impact
ISO20022 Standard
Digital Payments Evolution
CBDC Advancements
Cryptocurrency in Payments
Financial Technology Education
Dave and I thought that there was so much to discuss around RTGS that we decided that we need 2 podcasts. So here is part 2….
We are going to discuss a little of their history and dive into why RTGSs are so critical….
Before the advent of RTGS, many countries used deferred net settlement systems for interbank transactions. In these systems, payments were accumulated over a certain period, and then the net amount was settled at the end of the day or another specified time. While this method was efficient, it carried significant systemic risk. If one bank failed to meet its obligations, it could trigger a chain reaction, potentially destabilizing the entire financial system.
Payments Industry Insights
History of Payments
Payment System Explained
Corporate Payments Strategy
Payment Regulations Impact
ISO20022 Standard
Digital Payments Evolution
CBDC Advancements
Cryptocurrency in Payments
Financial Technology Education