Central Banking

HP and CMA to deliver payment system to Montenegro

HP and CMA Small Systems AB announced on Friday 6 August that they will provide the Central Bank of Montenegro with a new automated inter-banking payment system, supporting Montenegro's economic momentum-building efforts.

The HP and CMA solution enables the bank to process Real Time Gross Settlements (RTGS) for high value payments, as well as bulk payment settlements that are processed under a separate Automated Clearing House (ACH) system.

HP and CMA wins over the past three years include cent