The world could be about to wake up to the next big thing in banking

With Nexus, it’ll be possible before hitting “Send” to establish if the payment will succeed. For instance, by validating that the recipient’s bank account is operational and checking for compliance with anti-money-laundering rules. The uncertainty associated with traditional one-way communication will become history.

from Banking/Finance-Industry-Economic Times https://ift.tt/3jjKj5w