by Robert Tripp | Sep 25, 2005 | Articles, Banking Product Engines, Gateways to the Banking Industry
Introduction The OFT and the banking industry have agreed to create a new payments capability for the UK by the end of 2007. For standing Orders, internet banking transfers and telephone transfers between banks the movement will be near real time. Currently, there is...
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...
