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You remember those times in school when you thought that you should ask "Why?", but were frightened of getting into trouble with the teacher by showing that you didn't understand - ? This is one of those times.
Banks got together in the 1970s to put together a system for the automation of the inter-bank, cross-border communication of payment messages.
The changes that banks in Europe are working on at the moment as part of their SEPA initiative are intended to result in the automation of the inter-bank, cross-border communication of payment messages.
Why is this different to what they set out to do back in the 1970s?
I'm prepared to be stood in the corner wearing the dunce's cap for this one.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Denys Boiko Founder at Erglis
20 March
Shawn Conahan Chief Revenue Officer at Wildfire Systems, Inc.
19 March
Marko Maras CEO at Trustfull
18 March
Jose Puccini AVP at BankTrade
17 March
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