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RT2: A strategic transformation for UK payment providers

The Payments Association

It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure. The latest updates deliver capabilities far beyond those of the legacy system, creating new opportunities to revolutionise services, reduce risk, expand market reach, and drive innovation.

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The Journey of Payments and Clearing Systems in India

Finextra

Real-Time Gross Settlement (RTGS) (2004): A major leap forward, establishing a robust system for large-value, real-time interbank fund transfers, enhancing systemic efficiency and reducing settlement risk. This proved to be a pivotal move in fostering indigenous innovation.

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Unlocking the Future of Global Payments: A Deep Dive into China’s CIPS

Finextra

Unlike traditional mechanisms, CIPS provides both real-time gross settlement (RTGS) and deferred net settlement (DNS) modes, enabling financial institutions worldwide to clear and settle RMB transactions across time zones. It expresses the views and opinions of the author.

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Key considerations for the adoption of digital currencies

Finextra

The potential applications and use cases DLT-based digital currencies introduce a new settlement mechanism for faster, lower cost and more efficient transactions. A typical use case is the clearing and settlement of international payments.

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BOE: Banks Don't Get Protection From Digital Currencies

PYMNTS

Later in the summer, the BoE hired IT firm Accenture to revamp and revitalize its Real-Time Gross Settlements (RTGS) service, which handles daily transactions for financial institutions. at the cutting edge of payments innovation. at the cutting edge of payments innovation.

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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 Eurosystem and London Centres of the BIS Innovation Hub, together with the Bank of England , have launched Project Meridian FX, to build on the findings of Project Meridian by focusing on foreign exchange (FX) transactions.

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

PYMNTS

s central bank announced on Thursday (July 30) that it has hired IT firm Accenture to revamp and modernize what is known as the Real-Time Gross Settlement (RTGS) service, which handles daily transactions worth more than $895 million between large financial institutions (FIs).