I dive into some of the topical activities in the finance space along with trends that some may be overlooking in the global game of finance

ISO 20022: Not a Silver Bullet for Finance

27 Jun 2023 2 minute read 0 comments Craig Borysowich

ISO 20022 messaging is a widely adopted standard for financial message formats. While it offers many advantages, it also has some potential flaws and challenges. Beyond the early claims that ISO 20022 messages couldn’t be put into APIs – which has be...

How ISO 20022 Improves Cross-Border Payments

26 May 2023 2 minute read 0 comments Craig Borysowich

Full disclosure: I’ve been participating via the Standards Council of Canada in the International Standards Organization’s (ISO) financial services standards groups for Technical Committee 68 for over 15 years.  So, I’ve played a big part in developi...

Real-Time Payments Isn’t the End of the Payments Journey

19 May 2023 1 minute read 0 comments Craig Borysowich

I get a lot of conversations where people think that once you’ve created a mechanism for real-time payments, you don’t need any other way to move money. While real-time payments offer several advantages, they may not be suitable for every situation o...

Marketplace Banking is Anti-Open Banking

5 Oct 2021 1 minute read 0 comments Craig Borysowich

With banks going out and starting to build bespoke marketplaces of fintechs and financial services partners, they are directly bypassing the efforts of Open Finance.  For this article, I am defining ‘Marketplace Banking’ as the strategies used by N26...

Securities Trade Cycle Tear Down to Modernize on Blockchain

8 Jan 2021 6 minute read 5 comments Craig Borysowich

One of the more complex systems we have in finance is issuing, buying, selling, settling, and running corporate stock offerings on a public exchange.  Because of how this process was created to facilitate the exchange of money for securities, the tra...

We Can’t Lose Our Focus on Open Banking

1 Nov 2020 3 minute read 0 comments Craig Borysowich

2020 has unfortunately had a lot going on. In many economies, the entire story of banking and payments was rewritten over the past eight months.  It has been challenging for people, for business, and indeed for banks.  If nothing else, what we have s...