Neusler Lite
Issue 01

Rails

Instant settlement, ISO 20022, and the unglamorous infrastructure that moves the world’s money.

Read the issue
Rails cover

In this issue

  1. The Last Mile of Real-Time Payments

    Priya Menon

    Instant rails are live in forty countries. The hard part was never the transfer.

  2. ISO 20022 and the Great Message Migration

    Devin Rao

    A decade-long schema change, and what it bought everyone.

  3. What a Ledger Taught a Generation of Engineers

    Lena Vogel

    Double-entry bookkeeping is six hundred years old and still the best distributed systems primer we have.

  4. Card Networks Are Not the Enemy

    Omar Haddad

    Interchange is expensive. It also buys things that account-to-account payments still have not replicated.

  5. Inside a Core Banking Migration

    Sarah Lindqvist

    Four years, three false starts, and one weekend that decided everything.

  6. The Economics of a Basis Point

    Ravi Iyer

    At scale, one hundredth of a percent is a business model.

  7. Why Reconciliation Is Still Manual

    Maya Okonkwo

    Somewhere in every fintech, a spreadsheet is load-bearing.

  8. A Conversation with a Payments Architect

    Nadia Farouk

    Twenty years of moving money, told over a very long coffee.

  9. Open Banking’s Awkward Adolescence

    Tomas Alvarez

    Mandated APIs arrived. The products took much longer.

  10. Fraud at the Speed of Instant

    Hannah Cole

    Irreversible payments changed the attacker’s economics overnight.