17 October 2018
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Why banks have to implement Instant Payments

15 March 2018  |  9547 views  |  0 Tas Group

Customer expectations are driving the instant payments demand, and technological advances are ready to meet them. So why do many banks seem reluctant in adopting Instant Payments?

 In assessing their readiness, banks are finding several hurdles including the inability of legacy systems to encompass instant payments structures; the high costs and downtimes necessary to overhaul their existing payments infrastructure, the incapability of in-house anti-money laundering (AML) and anti-fraud solutions of performing verifications in real-time on high volumes of transactions, potential conflicts in regulations across borders, and impacts on intraday liquidity.

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