Cross Boarder Payments

PFMI: Principles of financial market infrastructures
PFMI: Principles of financial market infrastructures

What are PFMI? The Principles for Financial Market Infrastructures (PFMI) are a set of guidelines published by the Committee on Payment and Settlement Systems (CPSS), which ...

Understanding Bilateral Settlement
Understanding Bilateral Settlement

Understanding Bilateral Settlement: A Key Component of Financial Market Infrastructures In the world of financial markets, settlement is a critical process that ensures the ...

Understanding Unilateral Settlement
Understanding Unilateral Settlement

A Key Component of Financial Market Infrastructures In the world of financial markets, settlement is a critical process that ensures the exchange of cash or securities betwe...

Gridlock Buster Algorithm: A Solution to Real-Time Gross Settlement System Congestion
Gridlock Buster Algorithm: A Solution to Real-Time Gross Settlement System Congestion

Gridlock Buster Algorithm: A Solution to Real-Time Gross Settlement System Congestion Real-time gross settlement (RTGS) systems are designed to facilitate the rapid and secu...

Why BigDecimal should be used in financial calculations
Why BigDecimal should be used in financial calculations

A common mistake made by tech companies entering the FinTech space for the first time is to use double or float variables instead of BigDecimal. This article explains why this is an important mista...

Explanation of two phase commit
Explanation of two phase commit

Two-Phase Commit (2PC) The Two-Phase Commit (2PC) is a protocol used to ensure atomicity and consistency in distributed systems, particularly in database transactions. It&rs...

TOGAF: An Enterprise Architecture Framework
TOGAF: An Enterprise Architecture Framework

TOGAF: A Framework for Enterprise Architecture In today’s fast-paced and ever-changing business landscape, organizations must be able to adapt quickly to new technolog...