Community

Great project, who are the banks?

I couldn't find the report "The Future of Payments 2021' although registered at EBA day. Can you post the link?

Tell us a little more about this consortium, who partyicipates, how will it work, does it have a website or there some kind of press release?

This is just for the CBPR. T2 is business as usual and as I wrote, large banks WILL need to be ready, and they will. The strategies are now completely dufferent and underlying projects have changed. But do you seriously think that Bit coin is taking over the world..? I trust you did not invest all your savings in Bitcoin when you wrote that message?  Good luck..

@Ketharaman, not sure what you mean about "2021 2026 just over a year away, how odd is that" ? The  2021 first deadline IS just a year away and, as mentioned, the larger banks have no choice just to get their systems ready. My own bank is already organizing testing in future mode. It's not a choice but it's mandatory. 

@Ketharaman Swaminathan  what an odd remark. ISO20022 will completely take over from FIN by 20126, but all larger banks need to be ISO fully compliant by 20121 /just a little over a year away.  If you bank with a smaller bank that doesn't know how to create international payments, may I suggest to change and look further? Probably they are not working in your best interest. 

@Ketharaman, Target2 is not instant at all. It is faster but not instant (such as SCT Inst in EBA which does exist, ot ECB's TIPS which is just kicking off).

The link you posted doesn't work, takes you to an error message. Post again?

The hyperlink in the document doesn't work. How can I read the papar "B2B data Sharing"?

Hallo, I'm not sure I understand hoiw FX costs are lower using Ripple and XRT since there is a double FX exchange in the money transfer, fron the first currency to XRP, and from XRP to the second currency. What am I missing? (just trying to understand.. :-))