The road to real-time treasury

The immediate proposition of SWIFT gpi is same-day – rather than real-time – payments, together with the ability to track payments throughout their lifecycle. While the speed of payment is likely to accelerate quickly, there are still questions around compliance with sanctions screening and anti-money-laundering regulations. Even so, the ability to make and collect same-day cross-border payments, and to track them throughout their lifecycle, is a major step towards the real-time treasury vision.

Although many instant payment schemes have originated with the needs of consumers in mind, the value and potential implications are just as profound for corporations, particularly for incoming payments.