Payment System Engineering: SWIFT, Real-Time Payments, and the Architecture of Global Settlement Networks by Takehiro Kanegi, Danny Munrow
English | March 10, 2026 | ISBN: N/A | ASIN: B0GRXVLZKP | 564 pages | EPUB | 0.67 Mb
Reactive Publishing
Modern finance runs on invisible infrastructure. Every day, trillions of dollars move across payment rails connecting banks, central banks, clearing houses, and financial institutions around the world. Behind these flows lies a complex architecture of messaging networks, settlement systems, liquidity mechanisms, and regulatory safeguards.
Payment System Engineering examines the design and operation of the global payment ecosystem from a systems perspective. The book explores how financial institutions coordinate messaging, clearing, and settlement to move value securely across domestic and international markets.
Starting with the foundations of payment infrastructure, the book explains how legacy systems evolved into modern digital settlement networks. It examines the structure and function of major global systems including SWIFT messaging infrastructure, interbank settlement frameworks, and the emergence of real-time payment networks.
Readers will gain a structured understanding of:
* The architecture of modern payment systems
* SWIFT messaging and cross-border payment flows
* Clearing and settlement mechanisms in banking systems
* Liquidity management in interbank payment networks
* Real-time payment rails and instant settlement models
* Central bank payment infrastructure and RTGS systems
* Risk controls in large-value payment systems
* The evolution of global financial messaging networks
Designed for professionals, analysts, and students of financial infrastructure, this book approaches payment networks as engineered systems that must balance speed, reliability, liquidity, and systemic stability.
For anyone seeking to understand how modern money actually moves through the global financial system, Payment System Engineering provides a clear and structured exploration of the networks that power global finance.
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