27 July 2023 Jim Colassano of The Clearing House on the RTP Network, Interoperability, Instant Payments Use Cases, and Indiana Jones
Off the Rails from the U.S. Faster Payments Council - FPC
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The Importance of Trust in Financial Institutions
The Federal Reserve Bank of New York is the only organization that can move money between financial institutions. The FPC has been tasked with creating trust among different players in the ecosystem, including banks and tech providers. "There is nothing more important than trusting the people that you give your money to," says Fed Chairman Ben Bernanke.
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