The challenge

Payment and settlement systems require constant modification and modernization. Implementing these changes is often extremely costly due to the known and unknown complexities of the multiple, tangled agents, systems and behaviours involved.

The only way to understand the true complexity is to construct a digital twin of the payment ecosystem and learn through simulation.

The solution

For decades, industries like healthcare, engineering, defence, construction and transportation have harnessed the benefits of simulation. FNA’s Digital Twin now makes it possible for financial institutions and FMIs embarking on their own major projects or seeking to design and optimise complex systems through simulation.

A learning-by-doing approach on real-world systems is difficult, costly, and risky. Learning-by-simulating not only avoids these costs and risks but allows for flexible and comprehensive iteration and testing to achieve a reliable plan.

By creating digital twins, Central Banks, FMIs & financial institutions can simulate how their systems would perform under different designs, conditions or scenarios without disrupting the real-world system. 

 

Quantify impacts of changes to the system including:

  • Economic and financial impacts 
  • Payment and merchant behaviours 
  • Participant behaviour and settlement efficiency
  • Risk management, such as fraud prevention and cyber security 
  • Interoperability with other systems 
  • System participation & liquidity efficiency

 

 

Dave Sissens, CEO of RTGS.global

 

“FNA’s simulation technology has enabled RTGS.global to produce analytics, using synthetic data, that will play a key part in our regulatory engagements, as well as to substantiate the systemic importance of our system”

 

The Benefits 

  • De-risk and accelerate build
  • Reduce costs and accelerate key projects
  • Improve performance through benchmarking
  • Maintain safe and efficient functioning through monitoring and stress testing

More Solutions

FMI Lifecycle

FMI Lifecycle

Design, validate, monitor, stress test, and optimize a financial market infrastructure.
Find out more
Suptech

Suptech

Analyze and run models and simulations on large datasets to identify risks and anomalies
Find out more
National Security Solutions

National Security Solutions

FNA ensures you are the driving force behind your decisions, and ahead of your adversary thanks to advanced analytics and machine learning technology
Find out more
Intelligent Liquidity Optimization

Intelligent Liquidity Optimization

AI-driven network analytics & real-time stress testing for treasuring and liquidity teams.
Find out more
CBDC Simulation

CBDC Simulation

Model and simulate the impact of introducing a central bank digital currency.
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Related content & events

Every Financial System Needs a Digital Twin
By Will Towning and Carlos León Every Financial System needs a Digital Twin.   For decades, industries like healthcare, engineering, defence, construction and transportation have harnessed the benefits of digital twins to experiment, design, and test before building the real-world equivalent.  Payment and settlement ecosystems are no different. They require constant modification and modernization to […]
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Case Study: Fnality International
Fnality International partnered with FNA to help design their new payment system and quantify the benefits for their participants by means of simulation.   Introduction   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 […]
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