With Nexus, it’ll be possible before hitting “Send” to establish if the payment will succeed. For instance, by validating that the recipient’s bank account is operational and checking for compliance with anti-money-laundering rules. The uncertainty associated with traditional one-way communication will become history.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/the-world-could-be-about-to-wake-up-to-the-next-big-thing-in-banking/articleshow/85027448.cms
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