Payment Systems Broadcast #19 - Modernizing Payments Settlement Engines

About this Episode

Guests Baltazar Rodriguez, BIS Innovation, Toronto, and  Animesh Gosh, CEO of Currency Network, joined FNA to explore the groundbreaking work of Project FuSSE (Fully Scalable Settlement Engine) led by the BIS Innovation Hub in collaboration with the Inter-American Development Bank (IDB). 

The initiative aims to revolutionize financial market infrastructures (FMIs) by addressing critical challenges such as scalability, interoperability, and security while preparing FMIs for emerging technologies, including AI and quantum computing. 

This session covered:

An overview of Project FuSSE and its objectives in modernizing payment settlement engines

The scalability of the solution and how it meets the demands of today’s financial ecosystem 

How FuSSe addresses operational challenges such as Liquidity saving mechanisms and security such as quantum-resistant cryptography

The role of private-sector innovation in creating more inclusive financial projects and what more can be done to accelerate the modernization of payment settlement engines