17 October 2017
Find out more
« All videos

Building real-time business case for smaller banks

21 November 2016 | 32613 views | 1

Leo Lipis, Managing Director of Lipis Advisors and Tom Hay, Head of Payments at Icon Solutions, discuss the findings of recent research into the challenges and opportunities for small and medium sized banks of connecting to instant payment systems, and explore options for smaller players to achieve their real-time goals via more cost-effective routes.

Comments: (1)

A Finextra member
A Finextra member | 21 November, 2016, 12:16

Good points around the cost for securing access. A few additional points for consideration:

  • If a bank needs low risk, low cost, simple access to Faster Payments then aggregator services are the best way to go, be that the UK model or other multi-tenant / processor service offerings being planned in other countries. There are plenty of proven solutions being offered by proven providers and cost models can be aligned with revenue capture for a bank.
  • Technology solution costs are not the only ones to consider. Sponsorship or gaining access to a clearing & settlement account in most countries will likely be required and may not be in place already for smaller banks. Hopefully something the BoE is fixing asap for the UK market and I'm sure others will follow. 
Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comRegister nowvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14516 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13109 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8991 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7963 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7642 views comments | 13 tweets | 13 linkedin