The global trend toward immediate payment networks is clearly accelerating, with regular announcements of new initiatives from around the world. In Europe, with the launch of SEPA instant payments on the horizon, many banks are looking at what they need to do to move to real time.
SEPA instant payments are more than a faster SEPA. Delivering real time will extend far beyond payment systems to incorporate core banking, fraud, reconciliation and many others.
Every bank needs to consider its own approach, but a lot can be learned from the experience of others.