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Webinar - Payments and Settlements Systems - RTGS, SWIFT, LVTS, CLS

Webinar – Tuesday November 1, 10:00 AM PDT / 1:00 PM EDT

This webinar focuses on the entire payments and settlements process: beginning with the making of a payment and ending with the payment being received by the beneficiary and settled in a manner that makes it final and irrevocable.

We will explore the nature of a payment and the many ways that these funds may be transmitted from the payer to the receiver, depending on the parties’ physical location and their requirements, as well as the settlement that occurs between the intermediaries handling the payment so as to ensure that the transaction cannot be legally challenged.

We cover the full range of major payment & settlement systems including; Payment systems, Real Time Gross Settlement (RTGS), Large Value Transfer Systems (LVTS), Deferred net settlement, Continued Linked Settlement (CLS), SWIFT financial messaging and, Correspondent banking.

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Use coupon code 335840 and get 10% off on registration

When paying is free, what then?

From The Financial Services Club Blog –

“What happens when the cost of payments reaches zero, the speed of payments is instant, and everyone globally can make and take a payment, what happens then?

I just had an interesting chat with someone and realised two things: one is that we’re talking about moving away from batch to real-time, and that’s where the shared, distributed ledger system fits; and moving away from banking to Fintech platforms, and that’s where the industry will integrate over time.

On the first point, we have a historical banking system built upon a mainframe ledger at the back end, to support face-to-face operations on the front-end. The re-architecting of that system demands we destroy the back end, as it was built on the basis of batch, overnight updates. How do we become real-time at the back end? That’s the key question.”

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