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In its survey, 80 percent of businesses said they would be willing to switch providers if it meant access to faster and instantpayment capabilities. Corporate treasurers said they would switch for elevated riskmitigation and liquiditymanagement services.
(Foundry Ballroom) This session will highlight faster payments Use Cases focused on real-life case studies from a variety of perspectives such as business end-users and financial institutions that are applying instantpayments. We will explore the launch of FedNow and the intricacies of operating with multiple instant networks.
Apart from supplier payments, the shift could have significant impacts on foreign exchange conversions for faster hedging, real-time investments, faster risk-mitigation capabilities and real-time visibility into more accurate cash positions. “As
. “The demand for improved performance and accessibility in cross-border, however, will drive a focus on systemic interoperability and straight through processing – to ensure the digital experiences enabled through domestic instant-payment schemes and digital wallets can be replicated in cross-border.
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