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Your post - "Then we have the idea of ISX building its own swift...

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thepylee

2,941 Posts.

486

09/12/19

11:03

Post #: 41865809
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Originally posted by aniesbaswedan: ↑

To my knowledge, paydentity supposedly function by latching itself into whatever stream of finances that its contracted customer uses. Whether a customer uses swift, target2 or whatever else then ISX services supposedly latch itself onto the relevant transfer system accordingly. Therefore there is absolutely no reason as to why there is even a slight need to move away from the swift transfer system. It simply makes no logical reason to do so. Then we have the idea of ISX building its own swift like platform four outward bound transfer, independent of Australian banks? That in my view is absolute nonsense. My understanding suggests that ideally everyone leaves their money in a bank and conduct transfers through the banks. ISX themselves even receives money through the swift system. If they no longer going to uses swift system and thus Australian banks to transfer money outward then what are they going to use? Their own back channel, their own platform???? What the hell???? What bank outside of Australia going to accept money this way? Eurozone banks?

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Your post - "Then we have the idea of ISX building its own swift like platform four outward bound transfer, independent of Australian banks?"

This post tells me you're worse than Jon Snow.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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