The move to real-time payment systems is gaining momentum across the globe and raises the prospect of instant cross-border payments. New players are also helping to redefine the payments ecosystem, as Joy Macknight reports.

The retail payments space has witnessed a great deal of innovation over the past few years. To date, this has not been matched on the wholesale side. Christian Westerhaus, global head of product and strategy, institutional cash management, at Deutsche Bank looks at how developments on the domestic retail side are influencing client expectations in wholesale payments and assesses the steps the industry is taking to enhance the cross-border payments experience.

Cybercrime is not a new threat but the attacks and ‘precise targeting’ by fraudulent parties are becoming more sophisticated. Marcus Sehr, global head of client management and sales for institutional cash management at Deutsche Bank, highlights the seriousness of cyberfraud and the need to foster awareness, and outlines the steps the banking community should take to defend the financial system’s integrity.

The potential of blockchain to transform traditional banking processes has generated much enthusiasm over the past year. Deutsche Bank’s Paula Roels, head of market infrastructure and industry initiatives, and Bradley Lonnen, market management, institutional cash management, look at the current state of play around adoption, and blockchain’s applicability to correspondent banking.