Remove Central Bank Remove Interoperability Remove Real Time Gross Settlement (RTGS)
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Project Meridian FX: Joint Project by the Eurosystem and London Centres, and the Bank of England, to Test Synchronised Settlement in FX

Fintech Finance

The project will provide insights on how operators of real-time gross settlement (RTGS) systems could enable interoperability with new payments technologies, such as distributed ledger technology (DLT).

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Successful Migration of the Kenya Electronic Payment and Settlement System to the ISO20022 Global Messaging Standard

Fintech Finance

The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). It is the backbone of Kenya’s domestic and regional payment transactions.

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Third Parties Help Central Banks Ride RTP Rails

PYMNTS

The industry’s issues include insufficient interoperability between schemes, as well as confusion and cost hurdles faced by financial institutions (FIs). SIA’s Third-Party Approach To RTGS. Central banks can also struggle to adopt new payment infrastructures or make the improvements they need to their existing payment systems.

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Bank Of England Hires Accenture To Revamp Payments System With Eye On Digital Currency

PYMNTS

The Bank of England (BoE) is pushing ahead with an overhaul of a key part of the United Kingdom’s financial payments infrastructure. The new system, slated to debut in 2022, will also have the capability to handle a central bank digital currency (CBDC), such as a digital pound, CoinDesk reports.

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Bank of Thailand Concludes Retail CBDC Pilot Programme, Reveals Key Findings

Fintech News

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). The project evolved, incorporating enhanced functionalities, cross-border fund transfers, and a Corporate CBDC Pilot Program.

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Basware Integrates Solutions With SAP App Center

PYMNTS

The companies are collaborating on a payment platform designed to accelerate payments and settlement between banks and their customers, with a focus on allowing for interoperability between existing real-time gross settlement (RTGS) systems and blockchain-based systems.

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SAP, R3 Back Blockchain For Real-Time Gross Settlement

PYMNTS

24) said the companies are collaborating on a payment platform designed to accelerate payments and settlement between banks and their customers, with a focus on allowing for interoperability between existing real-time gross settlement ( RTGS ) systems and blockchain-based systems. ” .