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The era of real-time payments is upon us. But the rewards can only be reaped if treasurers embrace the possibilities on offer, and if regulators and banks continue to push towards global, not just local, real-time payments capabilities.
At an uncertain time for UK businesses, the collaboration between regulators, banks and third-party providers are blazing the way to a new banking revolution through Open Banking. Combined with the Faster Payments scheme and innovations such as virtual accounts, businesses can be more agile and adaptable to the needs of a changing and challenging business environment.
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