by Robert Tripp | Aug 28, 2005 | Articles, Banking Product Engines, Gateways to the Banking Industry
The main clearing banks provide special services for: Organisations receiving very large numbers of payments (e.g. utility companies, retailers, local government etc.) Small banks and building societies who do not want the hassle of running their own clearing and...
by Robert Tripp | Aug 28, 2005 | Articles, Banking Product Engines, Gateways to the Banking Industry
This would be a major advance for most UK banks, who currently have a core bank accounting platform based on a single pass batch update in the middle of the night. (See The Evolution of Core Banking Systems). The benefits of real time accounting are that you get...
