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Interesting Article.. 

Financials are the backbone of any organization. Maintaing security on and over the network is a vital part. Need to think, how we can make our financial eco system more robust from hacking as well as safe from the malacious virus? May be the new market enterant of Blockchain concept is an answer to this solution. 

Cross Border Urgent Payments are processed based on the obligation of the customer. Depending on the expected time frame, Customers are willing to pay higher charges towards the remittance.

Below are some of the factors which can be considered:

• FX Letter of Credit
• Expat Salary Payment
• Medical related expense.
• Payments where the Value date is TODAY. 

Brilliant Idea!! However same kind of initiative and good response is already seen through Mobile number Portability. Today Mobile Number is considered as a Unique Identification for recognize an individual’s Identity.  Mobile Telecom Industry has reached over 10 Crore of Indian Population. Banks can always take the leverage of Mobile Number as one of the criteria for recognizing the old Bank Account Number which is required for portability. ADAR number will really help to link the Bank Accounts, however to know the Adar Number, Mobile Number is used. So Mobile Number is always having a grater and better advantage for the Bank to start with Account Number Portability.