Gentleman, I like to ask what the panels views are on the evolution of the federal reserves banks inter territorial real time processing of transactions. What do you think the possibilities are for the federal reserve banks to contract out a framework to be designed that will all real time reconciliation of books between banks, improving the way financial institutions operate. Within the US the use of FedWire the speed of processing transaction has improved significantly from the mid 1970s.
Great session, extremely eye opening. The diversified panel gave insights as to how intricate and complicated the world of fintech is.
Gentleman, I like to ask what the panels views are on the evolution of the federal reserves banks inter territorial real time processing of transactions. What do you think the possibilities are for the federal reserve banks to contract out a framework to be designed that will all real time reconciliation of books between banks, improving the way financial institutions operate. Within the US the use of FedWire the speed of processing transaction has improved significantly from the mid 1970s.
Thank you