Real-time gross settlement (RTGS)
The winners of the 2019 Fintech and Regtech Global Awards
Prizes awarded for outstanding work at the cutting edge of financial technology
Innovation for real-time payments and settlements
Financial and institutional banking have undergone a transformational technological shift, meaning working in real time is increasingly commonplace. This is not the case for payments and settlement, which can still take days. Baton Systems explores how…
Powell says Fed will decide on 24/7 RTGS system ‘soon’
Fed under pressure to act amid flurry of legislative activity around payments
Zimbabwe’s move to ‘mono-currency’ regime triggers sharp rate hike
Central bank hikes overnight rate by 35 percentage points as local currency becomes sole legal tender
RBNZ launches strategy to become ‘best central bank’
Statement of intent for 2019–22 includes an update to RTGS system, and a “future of cash” plan
RBI waives RTGS fees in bid to boost digital payments
Banks expected to pass the cost savings on to their customers
Zimbabwe reaches IMF agreement to deal with currency crisis
‘RTGS dollar’ will be supported by advice from IMF programme
Swift announces trials with ECB instant payment system
Linking “Swift gpi” to ECB’s Tips will greatly reduce delays in settlement, consortium says
Denmark’s RTGS proves resilient to liquidity stress test
Kronos responds to IT failure, lack of access to money markets and reduced intraday credit
Fed proposes modifications to the wholesale payment network
Proposal to extend window comes with risks but the Fed says it might have a solution
Thailand develops prototype for blockchain-based CBDC
The central bank’s collaborators have made progress on ‘Project Inthanon’
IBM wins contract to support Canadian RTGS overhaul
Canada is preparing to replace its unusual high-value payment system with a new generation
RBA begins push for ISO 20022 payments migration
Central bank wants to make the switch before Swift ends support for some message types
Zimbabwe ditches dollar peg amid warnings of ‘disaster’
Central bank governor pledges stability but analyst says initiative is “cancerous”
Fourth non-bank gains BoE settlement account
Bank of England continues to level the playing field with new entrant FairFX
South African central bank launches review of payment system
Sarb says its regulatory mandate needs more clarity and calls for more powers over fintech
ECB launches eurozone real-time retail payments platform
ECB aims to prevent fragmentation of European real-time payments market
Interview: Clair Mills on the meaning of fintech
BoE head of change and data management on defining fintech
Fed aims for real-time interbank settlement of faster payments
Brainard points to “growing gap” in US transaction capabilities
HKMA launches new faster payments system
New system will reduce transaction time and scrap interbank fees
RBA suffers payments outage after fire test
“Routine maintenance” led to loss of power at main data centre
Denmark completes RTGS renewal
New functionality will allow Danish banks access to Europe’s Target2-Securities in late 2018
Bank of England mulls synchronised settlement for new RTGS
Adding new functionality could reduce cost and risks for RTGS participants, BoE says
Bank of England experiment tests RTGS with DLT in mind
DLT proof-of-concept participants suggest implementing “cryptographic-proof” model