Phil Mochan (Nomos) and Claudio Ceresani (DGT Solutions) discuss how "Challenger FMIs" are leveraging cloud computing and DLT to fix the broken correspondent banking model for low-value cross-border payments.

Kazım Rıfat Özyılmaz (Arf) and Dave Sissens (RTGS.global) explore the "Challenger FMI" revolution, detailing how stablecoins and atomic settlement are eliminating the need for traditional fund transfers and pre-funding in cross-border payments.

Prof. Dr. Ron Berndsen and Dr. Kimmo Soramäki use the "Warehouse Metaphor" to deconstruct the evolving FMI landscape, exploring how network analytics and simulation are modernizing the "plumbing" of global finance.