How Challenger FMIs are Revolutionising Cross-border Payments?


Tuesday, 30th August 2022


| Claudi Ceresani, DGT Solutions

| Phil Mochan, Nomos


Cross-border payments have always been in the spotlight, often criticized for being slow and costly and unable to cope with the demands for efficient payments among individuals, firms and financial institutions from different jurisdictions.

Challenger financial market infrastructures are trying to solve this long-lived claim for efficient cross-border payments. New technologies, along with access to flexible and affordable computing services, have encouraged the development of solutions that aim to fulfil the demand for better retail and wholesale cross-border payments.

In this session of The Payment Systems Broadcast, we continued the discussion on how challenger FMIs are contributing to solving the cross-border payments conundrum with guests Phil Mochan from Nomos, a new global FMI that supports correspondent banking and Claudio Ceresani from DGT Solutions.


The session covered:

  • The challenge for lower-value transactions within the correspondent baking ecosystem
  • What the banking industry and public sector could gain from lower-value transactions
  • Low-cross remittance
  • Next-generation of cross-border payments and other future developments
  • Risks, policies and solutions around cross-border payments and operating hours
  • improving the alignment of cross-border due diligence requirements, digital identity assurance frameworks and technical standards
  • The implementation of international standards in national jurisdictions


Watch on-demand


14:00 – 14:10: Intro and the latest FMI news: Introduction and housekeeping by the host, Carlos Léon

14:00 – 14:50: Guests speakers: Phil Mochan (Nomos Digital) and Claudio Ceresani (DGT Solutions)

14:50 – 15:00: Q&A: Our host and speakers tackle your questions from the session


Session #4 Guests


Phil Mochan

Founder & CEO, Nomos Digital

Phil began his career in Telecoms in the 1980s at the time of the sector’s digital transition, initially working internationally with multinationals to deliver solutions in e-commerce, messaging and the internet. He later worked as a principal financier in acquiring telecoms businesses. After a five-year stint in management consultancy for a Euro500 business, working mainly in the strategic transformation of utilities and consumer financial services businesses. He then moved into principal finance in the early 2000s, working at the boundary of content and infrastructure, becoming a thought leader in utility regulation. Focusing back on wealth creation around 2004/5, he supported a number of early-stage businesses to successful exits in the technology and media space, along with some failures.

In the last decade or more, Phil has established and led a retail payments business and a digital post-trade business, becoming a thought leader in the digitalisation of capital market infrastructure in the process. In 2021, he established Nomos in an attempt to bring an innovative deliverable solution to the problems of cross-border payments through a partnership with central banks and correspondent banks by addressing the core problems of adaptability, settlement and liquidity. He has qualifications in Computer Engineering, Marketing and Corporate Finance and speaks several languages inadequately. He is a Member of the Chartered Institute of Marketing and a Fellow of the Royal Society of Arts.

Claudio Ceresani

Founder & CEO, DGT Solutions

Claudio has over 30 years of extensive management and global business experience in payment systems. He is a committed executive with strong multi-diciplinary skills, recognised internationally by the major players in payment system infrastructure strategy. 

Claudio is a subject matter advisors on Real-time Payments, High-Value and retail payments processing, Central Bank Digital Currency, and Clearing and Settlement of securities and equities.

To date, Claudio has dealt with more than 50 Central Banks and Market Infrastructures giving businesses and technical advice and has, in addition, been personally involved in shaping the transformation of more than 20 Central Banks’ payment system strategies. 

Claudio founded DGT Solutions to enable Central institutions to accomplish complex transformation initiatives through the application of business innovation and specialist knowledge.  He also holds an MBA and a University degree in Electronic Engineering.




Missed our previous sessions?


You can catch up with The Payment Systems broadcast on-demand. View all episodes >



More News

FNA’s Work Combatting Consumer Scams and Fraud Recognised at The RegTech Association Awards

FNA recently won the RegTech Association’s Chairman’s Award in recognition of FNA’s work in combatting consumer scams and fraud.    FNA received the award at the  #ACCELERATERegTechGlobal UK + Europe event, which took place at Australia House in London on Tuesday, 25th June. FNA’s Bimal Patel represented the company at the event.    The award […]

FNA Joins the Emerging Payments Association Asia

FNA is now a proud member of the Emerging Payments Association Asia.    The Emerging Payments Association Asia (EPAA) is a community of payment professionals who share a common goal of unifying the payments agenda in the region, accelerating business development and improving the regulatory landscape for organisations within the payments value chain.    FNA […]

FNA named Best Treasury Management Software Provider

For the second year running, FNA has been named ‘Best Treasury Management Software Solution Provider UK 2024’ by Global Banking & Finance Review.    The award recognises the impact of FNA’s Intelligent Liquidity Optimization (ILO) solution suite. FNA ILO is revolutionising liquidity management by leveraging the power of patented optimisation algorithms and network analytics, equipping […]
Copyright FNA © 2024 | Privacy Policy