March 22, 2023

Needless Friction in our Banks: Marcus Treacher in City A.M.

By replumbing the financial networks that support cross-border payments, these multiple points of friction and lack of visibility can be addressed. There is growing demand for a system that enables payments to flow faster and more reliably, removing friction and creating complete visibility over pools of liquidity around the world. Through this system, every international transaction could be matched to corresponding real-time institutional liquidity, and if funds are available, money can move between banks instantaneously and on-demand.

In times of economic instability, inefficient processes and slow transaction speeds become even more problematic. It's time banks prioritise removing all risk associated with moving money around the world, and adopt new technologies that will revolutionise the global payments industry.

This commentary piece was originally published by City A.M. You can find it here
Request a demo
Join our Pilot
Speak to an expert

Get In Touch