Sydney 2018

Instant payments – Really a real-time reality?

23 October 2018
09:00 to 09:45
SWIFT conference SWIFT Hub L2 SWIFT Hub 1
Head of Payments MIs
Head of Payments MIs
NPP Australia Limited
Chairperson of EBAClearing
Erste Group Bank
Deputy Head of Division
European Central Bank

Several countries like the UK and Singapore have been offering instant payments (IP) domestically for a while now, Australia’s new payments platform is approaching one year live, SWIFT is preparing to go live with EBA Clearing’s RT-1 and Eurosystem's TIPS in Europe, and ever more countries are contemplating upgrading to instant payments capabilities. This session will explore how the “more mature IP” country’s banks have balanced customer demand with other banking requirements, what has been the Australian banks’ experience with instant payments and what lessons can be drawn by the European banks to position instant payments products and services in a domestic environment.