Central Bank of Sri Lanka signs RTGS deal

Logica announced Wednesday that it has signed a deal worth US$9 million to implement the Real Time Gross Settlement (RTGS) System and the Scripless Securities Settlement (SSS) System for the Central Bank of Sri Lanka (CBSL).

The overall system will enable banks and financial institutions to make secure, high-value, inter-bank payments virtually instantaneously across the country, and also to deal in real-time trading and settlement of government securities.

The CBSL has embarked on an ambitious

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