GXS Bank partners with Thoughtworks to expand its digital footprint across Southeast Asia.

In addition to these leadership positions, Thoughtworks has appointed Ami Kaplan and Michael Carajohn to the Board of Directors of its parent entity, Tasmania Parent.

While the United States has lagged historically in its development of real-time payments, the adoption of emerging U.S. rails is unquestionably on the rise. Both The Clearing House’s RTP® network and the Federal Reserve’s FedNow® Service have recorded significant achievements in the past year, with combined daily volumes routinely topping 1 million transactions. Amid this rapid evolution, time is of the essence for banks. Consumers increasingly expect their financial institutions (FIs) to offer real-time payments and are willing to switch banks to access these services. FIs that adopt instant rails early could gain significant market share, while procrastinators could be at a competitive disadvantage in meeting customer demands for faster payments