💰 Get more with instant payments. 💳 With the right partner and approach, you can unlock more seamlessness, security, opportunities and data-rich insights. 🤑 In our latest article, explore key developments in real-time payments and what it takes to thrive: https://ter.li/1q84gy #BFSI #Payments
Nice article Puthanveedu Muralikrishnan! Cost-effective Scalability & Data Consistency in a distributed multi region setup are two extremely important factors. Glad to report that two of the instant payment schemes cited in the article use Aerospike database. 😊
Thank you for sharing.
Associate Director @ Saxo Group - India | FRM, Risk Management
2wAs rightly mentioned in this article, the need to maintain normal level of liquidity is a key demand from regulators, through liquidity coverage ratio they keep checking this barometer. Moreover the banks can do a much better job at ALM( Assets and Liabilities Management) with a more smoother payment management system. In India another pioneering strategy has been the pilot of CBDC ( Central Banking Digital Currency)by RBI. This will also allow digital currency to be used over UPI.