What is ‘real-time’ and why haven’t we achieved it yet?
Banks, corporates and vendors have promised, demanded or claimed ‘real-time’ information and ‘real-time’ processing for years. Historically, this may have meant seeing a dealing position when requested rather than waiting for a batch update. What is ‘realtime’ in today’s environment and why aren’t we there yet? ‘Real-time’ is often confused with another familiar treasury catchphrase, ‘straight through processing’ (STP). We will address this in more detail in later issues.