One of the major hurdles for financial institutions is their tendency to view instant payments as just another core-extensible function. However, the reality is that most core systems are not equipped for real-time processing. As a result, institutions often end up with fragmented capabilities that do not truly support 24/7/365 real-time transactions, making the speed of settlement and meeting the requirements put forth by RTP and FedNow a real challenge.
Clearly, for the immediacy of instant payments, fraud detection must also be immediate and integral, not an afterthought. Financial institutions must adopt platforms...
#financial-institutions #instant-payment-solutions #security-measures #fraud-prevention #consumer-adoption
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