Compliance-Built UX for Instant, Reliable Payments
Exploring the concept of "Vertical Banking" reveals its potential to create specialized digital experiences for niche audiences within existing bank portfolios.
For those familiar with both Web2 and Web3, recognising the patterns in banking concepts across these environments is crucial. We don’t need to establish new financial institutions to leverage the benefits of Web3; instead, we can assist existing ones in navigating this evolving landscape.
Compliance must align with User Experience, ensuring that controls are seamlessly integrated.
Consider for example (i) the importance of running sanctions checks that refresh with each list update before processing transactions or (ii) the Verification-of-payee and name-matching, along with enforcing amount caps by corridor and counterparty. These are essential components.
New world - old concepts. Better way of doing things.
By the way, the "old" industry is playing catchup:
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As of October 9, 2025, euro-area Payment Service Providers (PSPs) is required to send instant payments and implement Verification of Payee, enhancing pre-execution controls.
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Additionally, richer ISO 20022 data will be mandatory for cross-border financial institution-to-financial institution payments after November 22, 2025, allowing for deterministic IDs in remittance fields to streamline reconciliation.
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In the US, higher-value instant payouts are on the horizon, with RTP set at $10 million since February 9, 2025, and FedNow’s network limit increasing to $10 million starting November 12, 2025.
Bottomline: At the end of the day, customers couldn't care less about the underlying plumbing as long as it provides the Service they need. Customers prioritize the timely and accurate arrival of their funds over demos and buzzwords.
"Solana or SWIFT, I don't care - Just have my money arrive on the other side of the world as if I was sending a message on whastapp, with the same level of assurance nothing goes wrong, of course"
Fast, Free and Secure. The caveat : There are no free lunches.
The key performance indicator is fewer exceptions and faster fund transfers, all while ensuring banks maintain profitability.
Let’s collaborate and make sure we use the best of both worlds in favour of practical use cases such as claim settlements, supplier payouts, payroll, and marketplace disbursements, where everyone gains due to the use of good technology.