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Risks in Fast Payment Systems and Implications for National Payments System Oversight

https://www.worldbank.org/en/news/video/2024/08/20/risks-in-fast-payment-systems-and-implications-for-national-payments-system-oversight

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Risks in Fast Payment Systems and Implications for National Payments System Oversight

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Risks in Fast Payment Systems and Implications for National Payments System Oversight
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Risks faced by Fast Payment Systems and provide guidance on the oversight of these systems.
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Risks in Fast Payment Systems
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In this webinar, Holti Banka (Senior Financial Sector Specialist, World Bank) and Biagio Bossone (Senior Consultant, World Bank) discuss the main risks faced by Fast Payment Systems and provide guidance on the oversight of these systems.
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Risks in Fast Payment Systems and Implications for National Payments System Oversight
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Also known as instant or real-time payments, fast payments are characterized by the instant transmission of the payment message and by the immediate availability of funds to the beneficiary on a 24/7/365 basis. Due to their nature and the risks they are exposed to, Fast Payment Systems present specific oversight requirements. Appropriate oversight frameworks, as well as extra capacity to be allocated by central banks for an effective oversight, are critical to ensure that Fast Payment Systems are designed with sound standards of safety and efficiency.

In this webinar, Holti Banka (Senior Financial Sector Specialist, World Bank) and Biagio Bossone (Senior Consultant, World Bank) discuss the main risks faced by Fast Payment Systems and provide guidance on the oversight of these systems.

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Project FASTT Website
https://fastpayments.worldbank.org/
Financial Sector Website
https://www.worldbank.org/ext/en/topic/financial-sector
Private Sector Development Blog
https://blogs.worldbank.org/en/psd
Webinar on Settlement in Fast Payments
https://www.worldbank.org/en/news/video/2024/04/10/webinar-on-settlement-in-fast-payments
Messaging Standards in Fast Payments
https://www.worldbank.org/en/news/video/2024/05/14/messaging-standards-in-fast-payments
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