Booshan Rengachari, founder and CEO of Finzly, makes the case for why so many banks are making the move to modernize with the introduction of Nacha’s new fraud monitoring rules.
Read MoreOne of the announcements out of Sibos in London this week is a report on payments. Real-time payments are quickly becoming the norm around the world, with the most activity in the Asia-Pacific region.
Read MoreTen years after the UK launched Faster Payments, the US is partway through the launch of a real-time payments network run by The Clearing House, a private corporation owned by 25 of the largest banks in the country. It will be the first new rails in electronic payments in four decades.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
