The T+1 implementation for capital markets went live in the U.S., Canada and Mexico this week. Against that backdrop, financial institutions are under increasing pressure to automate their existing manual processes and take the appropriate steps to ensure their underlying technology and operations are able to handle the new realities of the compressed settlement environment.
“For those of us in the industry, we understand the long road it’s taken to build and drive financial institution adoption of real-time [payments] … and other new technology standards,” Seth Perlman, global head of product at i2c, told PYMNTS.
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