Sebastien Rousseau

PAYMENTS

Wholesale payments

Interbank, large-value, market infrastructure payments — the wholesale side of banking infrastructure economics.

5 articles

APPLIED AI

The Wholesale Payments Index in 2026: ISO 20022, Tokenised Deposits, Real-Time Rails, and Cross-Border Settlement

An index framework for measuring wholesale-payments readiness in 2026: ISO 20022 structured-address compliance ahead of SWIFT's November 2026 milestone, tokenised-deposit settlement, BIS Project Agorá cross-border atomicity, real-time rail orchestration, and liquidity efficiency. Four percentages — structured-data completeness, rail-routing optimality, settlement-finality lag, and Agorá-corridor coverage — turn payment-operations posture into supervisory-ready evidence.