One evening in early 2024, treasury officials at a Fortune 50 company were eyeing a screen nervously. Just four hours after beginning the onboarding process for Royal Bank of Canada’s new US cash-management platform, they were about to transact on it for the first time.
They couldn’t quite believe what they were seeing; some asked themselves if they had merely been shown a demo.
“How do we know it’s real?” asked one.
They got their answer soon enough, by transacting into and out of the account and seeing it happen in real time.
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