CHIPS liquidity algorithm saves $5.1B in 2024

In 2024, The Clearing House Interbank Payments System (CHIPS) reported over $5.1 billion in annualized economic savings, averaging $14.3 million daily, due to its patented liquidity savings algorithm, according to a release from TCH on Feb. 17. The algorithm enhances liquidity efficiency by continually matching and offsetting payments, enabling financial institutions to settle large-value payments […]