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Market Research Report

Interoperable Instant Payments and Liquidity: Why Limits Need to Rise, Data Align, and Corporate Use Cases Evolve

Published by IDC Product code 750764
Published Content info 21 Pages
Delivery time: 1-2 business days
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Interoperable Instant Payments and Liquidity: Why Limits Need to Rise, Data Align, and Corporate Use Cases Evolve
Published: November 30, 2018 Content info: 21 Pages

This IDC Perspective looks at real-time payment (RTP) infrastructures in Europe, the U.S., Australia, and elsewhere. It questions how helpful the extra speed will be for global corporate banks and their clients until transaction limits rise and cross-border functionality and more corporate end uses evolve. Some early stage end use examples are provided. The convergence between RTPs and real-time data, often enabled by open application programming interfaces (APIs), is where the long-term opportunities lie to add integrated payment and liquidity services, which could eventually lead to cognitive cash management tools. "The move to RTP is proliferating around the world with Hungary, Canada, and other nations launching new instant payment infrastructures in 2019, while the new U.S., EU, and Australian platforms strive to achieve universal uptake. Almost 50 nations now have such platforms, but once the connectivity and integration challenge has been overcome, the challenge will be to make them useful to multinational corporations by offering interoperability across borders and data-rich API-enabled services," said Neil Ainger, research manager, Corporate Banking, IDC Financial Insights. "End uses exist in the collections area -many are featured in this report - but banks will have to work hard to converge real-time payments with real-time data in order to deliver really useful new cash management tools."

Table of Contents
Product Code: EMEA44442418

Executive Snapshot

Situation Overview

  • Monetization
  • Accelerating Rollout
  • Standards
  • Data-Centric Approach
  • Barriers and Benefits: Crossing Borders
  • Changing Liquidity
  • Fintechs and Alternative Platforms
  • Global Connected Liquidity Services
  • Transaction Limits Need to Rise
  • Interoperability, gpi, and the Cross-Border Problem
  • Bank Connectivity Challenge
  • Regional Initiatives Spanning Borders
  • Corporate RTP End Uses
  • Request to Pay
  • Open Banking and APIs
    • What are Open APIs and How Do They Work?
    • The Fight for a Common API Standard
  • A Corporate API-Enabled End Use Example
  • TIPS and RTGS Overhauls: Changing Liquidity Management Infrastructure

Advice for the Technology Buyer

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