JP Morgan Advancing Real-Time Payment - LINK Adding SEPA Instant is another step towards offering real-time payments around the globe,” stated Sungmahn Seo, Managing Director, Head of EMEA Payments & FX for J.P. Morgan Treasury Services. “SEPA Instant will allow our clients the ability to make/receive a payment within seconds, for credit transfers in EUR up … Continue reading JPM Instantaneous Cross-Border FX Transactions
Proposed Easing of Foreign Banking Organization (FBO) Regulatory Framework
Today, the Federal Reserve proposes easing regulatory framework for foreign banks in the US (but it lacks liquidity framework for foreign banks with domestic presence – which holds multi trillion of assets as of YE2018. Relaxing banking regulation is a fine double-edged sword – for one, it opens up the # of transactions and credit … Continue reading Proposed Easing of Foreign Banking Organization (FBO) Regulatory Framework
The Antifragility of the Open Source
The Antifragility of the Open Source: Like peer review of scientific publications, open source software is subjected to thousands of eyeballs to find bugs, and hands to fix them. And that this mass collaboration structure creates powerful and robust systems. Indeed, the underlying mechanism is best understood as an antifragile system. Yet breakable, changeable systems … Continue reading The Antifragility of the Open Source
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