Remove Interoperability Remove Liquidity Management Remove Real Time Gross Settlement (RTGS)
article thumbnail

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”). KEPSS, which is Kenya’s Real-Time Gross Settlement (RTGS) system, is operated by CBK to process large-value and time-critical payments.

article thumbnail

The payments regulation roadmap: Q2 2025

The Payments Association

It introduces a richer, more structured data format for payment messages, designed to enhance interoperability, increase efficiency, and reduce ambiguity in financial communications. T+1 also raises challenges around funding and liquidity management, especially for cross-border trades involving time zone differences or currency conversions.