RBNZ signs up SIA to deliver RTGS replacement
Central bank hopes off-the-shelf system will help to cut costs
The Reserve Bank of New Zealand (RBNZ) has struck a deal with an Italian financial infrastructure firm to provide the next generation of its real-time gross settlement (RTGS) system, the central bank said today (April 18).
The RBNZ chose SIA to provide the system, following a tender process launched in December 2014. SIA's Pretoria-based subsidiary, Perago, will supply an "off-the-shelf" system tailored to the central bank's needs, said its deputy governor, Geoff Bascand.
"The Perago RTGS
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