Ep 05. Instant Payments with Arthur Cousins and Jolanda Schekermans

24/11/2020 32 min Episodio 5
Ep 05. Instant Payments with Arthur Cousins and Jolanda Schekermans

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Episode Synopsis

What will Arthur, Jolanda and Andrew be discussing? Find out below.Topics covered:What does instant payments really mean, how is it defined and what is being done in your region?What are the drivers at a consumer, corporate and banking level for instant payments in Europe?Mass adoption is key to the future of instant payments, what is preventing this mass adoption or slowing it down?How do we prevent a situation where participants are not overfunding and have a system where this is managed on an ongoing basis?What are the potential additional impacts on back office processes within a bank I.e. sanctions, AML, liquidity for entering the instant market? How are these challenges overcome?Target2  is limited only to credit institutions, can we see the logic in this or would a more liberal approach like the bank of England has to regulated entities be preferable?In Form3 terms would this be classed as a direct non-settling participant model?What does the landscape look like globally for appetite to migrate to faster payments?What are the existing payment processes and how do you see SADC starting to interact with other instant initiatives globally?

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