Challenging liquidity management in wholesale cross-border payments

 

Thursday, 22nd September 2022

With: 

| Jan Schoombee, Fnality

 

 

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 on-demand:


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?

 

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

 

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