The financial industry loves to talk about speed. Real-time payments. Instant settlement. Same-day ACH. But making a horse-drawn carriage go faster doesn't turn it into a car. The problem with traditional financial settlement is that it was built for a world that no longer exists.

The unfixable problem

Traditional financial infrastructure is a patchwork of batch processing systems, correspondent banking relationships and siloed databases that were state-of-the-art when telex machines roamed the earth. Even today's "real-time" payment rails are largely smoke and mirrors. They’re just faster messages layered on top of the same 1970’s architecture. They still require reconciliation, suffer from counterparty risk and depend on business hours in specific time zones.

This is a design problem.

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