Banks have been experimenting with Ripple’s technology, which could make payments far more efficient, but a recent report questions whether it can handle larger volumes.
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.
Through the power of digital payments, treasurers will not only eradicate human-errors, but they can be confident that the source of their data is reliable and brings long-term strategic benefits.
Swift’s monthly renminbi tracker has shown the Chinese currency to rank in the top ten most used currencies for international payments three months running.