In the space of just 24 months, the plumbing of global payments has been rewired: Europe’s launch of T2, the ISO 20022 migrations of global systems, including CHAPS, CHIPS and Fedwire and the shift towards instant, 24/7 settlement have redrawn the boundaries of what is possible.
The result is an industry operating on new standards, under stricter resilience rules and with higher expectations for speed, transparency and compliance.
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