RTGS.global CEO Dave Sissens: Solving Cross-Border Settlement
Dave Sissens joined Finextra to discuss constraints that remain in cross-border payments and today’s settlement infrastructure, how the industry can ensure a truly real-time cross-border payment future, and why innovation in digital assets and alternative technology architecture are not enough...
Recent innovations in cross-border payments have mainly been focussed in the retail payments sector, less so in the interbank wholesale settlements space. RTGS.global's mission is to fill this innovation gap by removing all significant kinds of friction in wholesale cross-border payments, notably settlement risk, counterparty credit risk, complex payment chains and the resultant high transaction costs.
As Dave describes, RTGS.global's mission is to create a future where "instant, cross-border, wholesale payments will be possible" through use of our Settlement Fabric innovation. It aims to connect commercial banks, central banks, and payment systems operators together, enabling them to transact payment versus payment, risk-free, 24/7/365.
This interview was originally published by Finextra. You can find it here.