Paving the way for Instant Payments
Banking Technology attended the "Making real time successful in the Eurozone" session at Sibos 2016 and heard the call for interoperability urged by Rodolphe Meyer, Marketing & Business Development Director at STET.
"Getting banks together to work with one domestic clearing and settlement mechanism (CSM) is important, said Rodolphe Meyer [...]. The next step, he added, will be to get interoperability with other CSMs across Europe. CSMs have worked with the Eurosystem on interoperability and the central bank had “good ideas” about how to do settlement, Meyer said. “We don’t have to have 24-hour availability of TARGET2 but interoperability will be important.”
