BNY Mellon’s Dominic Broom examines real-time payments in FX-MM

Dominic Broom BNY MellonWith e-commerce a twenty-four hours a day, seven days a week reality – facilitated by increasingly sophisticated technology devices that allow transactions to be made at the touch of a button, almost irrespective of location – demand for real-time payment capabilities is higher than ever. In the latest edition of FX-MM, Dominic Broom, Head of Treasury Services EMEA at BNY Mellon, discusses how banks should step outside their comfort zone and work alongside new nimble fintech firms – partnering with them, rather than competing against them in order to plug in to new ideas, be better positioned to anticipate and implement future tools and techniques, and thereby keep ahead of the innovation curve. Such a collaborative strategy will position banks right in the thick of this exciting, technology-fuelled environment, and ultimately enable them to offer competitive and attractive solutions that bring greater value to end-users.

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