Challenging liquidity management in wholesale cross-border payments

Thursday 22nd September

Financial markets face unprecedented challenges. These challenges include fragmented and inefficient post-trade processes, liquidity constraints and complex and costly risk management.

To address these challenges, Fnality is developing a peer-to-peer payment system underpinned by Distributed Ledger Technology to enable quicker and safer exchanges of value.

In session #5 of The FMI Broadcast, Jan Schoombee (Fnality) joined FNA to discuss the success of a project exploring liquidity savings calculations and what this means for banks looking to optimise their balance sheet.

The session covered:

  • The role Fnality plays in the cross-border wholesale industry
  • The key challenges of cross-border payments
  • The advantages FMIs like Fnality offer in terms of cost and efficiencies compared to traditional correspondent banking
  • How Fnaility addressed the design and build phases of its cross-border wholesale payments solution
  • Whether crypto solutions or stablecoins could become large and liquid enough to manage large payments
  • How the wholesale cross-border payment ecosystem is likely to evolve

 

Watch now:

 

 

Resources & Links

Session #5 Slides Access here> 

Fnality Case Study Read More > 

Fnality Payment Systems: Fulfilling Regulatory Requirements with Distributed Ledger Technology Read More >

Novel Solution, Novel Benefits: Fnality Global Payments & Wholesale CBDC Read More > 

Fnality Global Payments Insights Read More > 

McKinsey Report: Global Payment 2015 – A Healthy Industry Confronts Disruption Read More > 

FSB G20 Roadmap for Enhancing Cross-border Payments Read More > 

Oliver Wyman- Unlocking $120 Billion Value in Cross-Border Payments Read More >  

 

Session #5 Guests

 

 Jan Schoombee

Chief Financial Officer, Fnality 

Jan has 20+ years of experience across multinational listed financial services groups and entrepreneurial growth ventures. He has worked as CFO, founder, and in commercial roles covering business development, product innovation, and corporate development. His sector exposure includes banking, insurance, payments, and fintech. Jan has a keen interest in technology and how it is changing the business and entrepreneurial landscapes. He is a chartered accountant with a masters degree in history and qualifications in finance and marketing.

View on LinkedIn 

 

 

Missed our previous sessions? Watch the series on-demand

 

The FMI Broadcast: 22nd September 2022

Challenging liquidity management in wholesale cross-border payments

With: Jan Schoombee

Watch Now > 

 

The FMI Broadcast: 30th August 2022

How Challenger FMIs are revolutionizing Cross-Border Payments

With: Phil Mochan and Claudio Cersesani

Watch Now > 

 

The FMI Broadcast: 23rd June 2022

How Challenger FMIs are revolutionizing Cross-Border Payments

With: Kazım Rıfat Ozyılmaz and Dave Sissens

Watch Now > 

The FMI Broadcast: 25th May 2022

The Bank of England’s RTGS CHAPS Renewal Programme

With: John Jackson & James Southgate

Watch Now > 

The FMI Broadcast: 27th April 2022

The FMI Ecosystem: Recent Developments and the Road Ahead

With: Dr Kimmo Soramäki & Dr Carlos León  

Watch Now > 

 

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