Remove Participant Remove Real Time Gross Settlement (RTGS) Remove Settlement
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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

It will also explore additional features that could form part of an SO’s offering, such as those that could help reduce the liquidity needs of participants. To achieve its objectives, Meridian FX will build on the technology behind the SO, allowing it to connect two RTGS systems based in different jurisdictions.

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

Fintech News

Thailand’s CBDC journey The BOT’s journey towards a CBDC began in 2018 with Project Inthanon, which focused on creating a decentralised Real-Time Gross Settlement (RTGS) prototype using wholesale CBDC. The Innovation Track consisted of public engagements and exploring CBDC for financial innovation.

CBDC 108
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U.S. Faster Payments Council Publishes Interoperability White Paper

Faster Payments Council

Available in the FPC's Faster Payments Knowledge Center, the white paper explores different models that can connect systems together to achieve payments interoperability such as point of origination, network to network, or with an intermediary, and how settlement could work in those models. Our Network Committee includes experts from U.S.

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Google Backs FedNow Payments System

PYMNTS

central bank to consider modeling FedNow after the Unified Payments Interface (UPI) framework used in India, The Economic Times (ET) reported on Sunday (Dec. FedNow is the new interbank real-time gross settlement (RTGS) service that will offer integrated clearing functionality for faster digital payments.

FedNow 57
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Real-Time Payments Driving Real-Time Liquidity: Deutsche Bank

PYMNTS

A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury. This adoption curve is likely to repeat itself in a real-time payments environment, the report predicted. What does that mean for liquidity? Not much — yet.

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TRENDING: Inside Hong Kong’s New Faster Payment System

PYMNTS

Last year, only 25 real-time payment systems were operational worldwide — that number is growing rapidly. Demand is also heating up for real-time gross settlement (RTGS) systems. The governor of the Federal Reserve is pushing conversations on getting an RTGS system in the U.S.,

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What Hong Kong’s New Faster Payment System Means

PYMNTS

After two decades of tweaking and updating its existing Real-Time Gross Settlement (RTGS) system, Hong Kong determined it needed a new rail. And while a separate RTGS system was required for each currency — the Hong Kong dollar, renminbi, U.S. per transaction. Days before the system’s Sept.