At EBAday 2024, Daragh Kirby, Head of Sales & Marketing at Intercope, shared his insights on the impact of instant payments on the banking industry. He highlighted how instant payments have made it possible for banks to streamline their transaction processing, regardless of whether they are SEPA, cross-border, or RTGS payments. With the help of cutting-edge technologies, financial institutions are now able to facilitate instant payments with lower latency and greater efficiency.
In today’s fast-paced business environment, regulatory compliance is a top priority for financial institutions. By adopting instant payment systems that are more efficient and agile, banks can better meet these timelines while also taking advantage of the numerous benefits associated with faster transactions. This shift in technology is crucial for banks looking to stay competitive and remain relevant in the modern banking landscape.
Daragh Kirby also emphasized the importance of selecting the right technology partners when implementing instant payment solutions. With a range of options available on the market, banks must carefully evaluate their needs and choose solutions that align with their specific goals and objectives. By partnering with experts like those at Intercope, financial institutions can ensure that they have access to the latest technologies and expertise necessary to make this transition a success.
