Fintech News

MAY 8, 2024

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.

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CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 106

The Paypers

OCTOBER 12, 2020

The Reserve Bank of India (RBI) has announced that online transfer of funds through real-time gross settlement (RTGS) will be available round-the-clock from December 2020, according to mint.

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Real Time Gross Settlement (RTGS) Settlement 28

PYMNTS

AUGUST 15, 2019

The Federal Reserve has announced a leader of the new FedNow service, which was created to facilitate faster payments in the country with interbank real-time gross settlement (RTGS), as well as integrated clearing, according to a release. First Vice President Kenneth C.

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FedNow Real Time Gross Settlement (RTGS) Faster Payments Federal Reserve 63

The Paypers

JULY 20, 2017

(The Paypers) The Bank of England (BoE) has announced it opens access to settlement accounts in its real-time gross settlement (RTGS) system to promote fintech innovation.

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Real Time Gross Settlement (RTGS) FinTech Settlement Innovation 28

PYMNTS

NOVEMBER 26, 2019

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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Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement Interoperability 60

The Paypers

SEPTEMBER 26, 2016

(The Paypers) Volante Technologies , a payments technology provider, has been chosen by Finexus to provide the key MT to MX message transformations in Real-time Gross Settlement (RTGS) System implementations.

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Real Time Gross Settlement (RTGS) Technology Settlement Payments 28

PYMNTS

DECEMBER 16, 2019

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.

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FedNow Real Time Gross Settlement (RTGS) Payment APIs and Integration Federal Reserve 57

The Paypers

APRIL 19, 2016

(The Paypers) The Reserve Bank of New Zealand (RBNZ), New Zealand`s central bank, has partnered with SIA , a financial consulting firm, to implement and support a new Real-Time Gross Settlement (RTGS) system.

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Real Time Gross Settlement (RTGS) Settlement Central Bank Consulting 28

CB Insights

NOVEMBER 5, 2020

Payments: This category includes companies working on tech like payment currencies, stablecoins (cryptocurrency pegged to the value of a non-volatile asset like the dollar), and real-time gross settlement (RTGS) systems that can enable transactions within a DLT-based capital markets framework.

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Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Blockchain Settlement 98

Faster Payments Council

JUNE 3, 2020

In addition to illustrating three models for payments interoperability, the paper provides an explanation of the different forms of settlement: deferred gross settlement, deferred bilateral net settlement, deferred multilateral net settlement, and real-time gross settlement (RTGS).

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Interoperability Faster Payments Real Time Gross Settlement (RTGS) FPC 68

CB Insights

OCTOBER 29, 2020

Payments: DLT companies in this category are working on tech like payment currencies, stablecoins (cryptocurrency pegged to the value of a non-volatile asset like the dollar), and real-time gross settlement (RTGS) systems that can enable transactions within a DLT-based capital markets framework.

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Real Time Gross Settlement (RTGS) Blockchain Distributed Ledger Technology (DLT) Money Laundering 101

PYMNTS

OCTOBER 25, 2019

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.

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Real Time Gross Settlement (RTGS) Settlement Distributed Ledger Technology (DLT) Blockchain 40

PYMNTS

FEBRUARY 21, 2019

The announcement said that SIA will work closely with Payments Canada and key industry stakeholders on the next version of its Real-Time Gross Settlement (RTGS) application solution. In Canada, Payments Canada said on Wednesday (Feb.

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Cross-Border Cross-Border Payments Real Time Gross Settlement (RTGS) Rules 76

PYMNTS

JANUARY 9, 2018

Cryptocurrencies led by real-time gross settlement (RTGS) system Ripple’s XRP fell in trading Monday (Jan. 8) as investors bet its stock surge was a bubble. . According to a report in CNBC, Ripple was down 10 percent while bitcoin fell 7.6 percent, and lifecoin dropped 6.4 percent, however.

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PYMNTS

JULY 24, 2018

The BoE’s Real-Time Gross Settlement (RTGS) system handles transactions worth about 500 billion pounds — almost one-third of Britain’s annual economic output.

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Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Blockchain Cross-Border Payments 40

PYMNTS

DECEMBER 4, 2018

Many of the central banks that launched their real-time gross settlement (RTGS) systems more than a decade ago are seeking to replace these aging systems with new ones. Meanwhile, countries that have never had an RTGS system also want to get on board.

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Central Bank Real Time Gross Settlement (RTGS) RTP Faster Payments 70

PYMNTS

OCTOBER 11, 2017

According to ACI, the solution addresses the challenges banks face when managing multiple, separate systems and schemes involving real-time payments. The company noted that banks must support real-time payments capabilities and solutions if they are to remain competitive in today’s financial services market.

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Real Time Payments Real Time Gross Settlement (RTGS) Payments Payment Gateways 40

PYMNTS

NOVEMBER 19, 2020

Financial institutions (FIs) are increasingly automatically routing transactions that would have once been moved via the Bulk Electronic Clearing System (BECS) Direct Entry to NPP, while businesses are replacing real-time gross settlement (RTGS) transactions with NPP as well, the report noted.

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PYMNTS

JUNE 27, 2018

The Bank of England caught the financial services world’s attention when its Governor, Mark Carney, spoke about the central bank’s latest initiative to revamp and rebuild its real-time gross settlement (RTGS) system.

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PYMNTS

MAY 13, 2016

The statement comes after weeks of mudslinging, wherein Bangladeshi officials blamed SWIFT technicians for introducing security loopholes into the bank’s network while connecting the messaging network to Bangladesh’s first real-time gross settlement (RTGS) system.

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PYMNTS

NOVEMBER 6, 2018

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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Faster Payments Real Time Gross Settlement (RTGS) Same Day ACH Cross-Border Payments 53

PYMNTS

DECEMBER 14, 2017

In India, Axis Bank launched a blockchain-powered global payment service, developed using Ripple’s real-time gross settlement (RTGS) solution, to facilitate payments between businesses in Southeast Asia and the Middle East. Retail customers can now use the service to receive payments from the UAE’s RAKBANK.

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PYMNTS

DECEMBER 5, 2018

By 1990, many countries had real-time gross settlement (RTGS) systems in place to rapidly clear and settle high-value transactions. But as countries continue to demand more from their RTGS offerings, many are realizing that their aging services no longer meet their needs.

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Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Central Bank Instant Payments 40

PYMNTS

JANUARY 21, 2019

This access, the letter says, will eliminate the bottlenecks of working through intermediaries while extending the reach of real-time payments to those who need it. Currently, access to the Fed’s Real-Time Gross Settlement (RTGS) system is limited to financial institutions that hold deposits.

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PYMNTS

JUNE 7, 2018

The Bank of England noted that this change coincides with the launch of the real-time gross settlement (RTGS) infrastructure under CHAPS, as well as the New Payments Architecture under BACS and Faster Payments.

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ISO 20022 ISOs Real Time Gross Settlement (RTGS) Message Standards 46

PYMNTS

JUNE 26, 2018

England’s central bank is taking a significant step in support of blockchain technology with a decision to open its real-time gross settlement (RTGS) system to distributed ledger networks.

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Real Time Gross Settlement (RTGS) Settlement Blockchain Cross-Border Payments 43

PYMNTS

NOVEMBER 14, 2018

A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury.

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Real Time Payments Real Time Gross Settlement (RTGS) Liquidity Management Same Day ACH 78

PYMNTS

APRIL 8, 2020

The time available to fix SWIFT messages is two days; the time to fix real-time gross settlement (RTGS) payments is the daily cutoff; to fix faster payments is two hours; and instant payments a scant two minutes. Add it all up, said Kilcoyne and Brandli, and the industry spends 21 billion euros ($22.9

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Real Time Gross Settlement (RTGS) ISO 20022 Cross-Border Cross-Border Payments 72

PYMNTS

MAY 9, 2016

The specific issue seems to have been with how SWIFT was connected with Bangladesh’s first real-time gross settlement (RTGS) system. That change was made three months before the hack occurred. “The changes caused much more risk for Bangladesh Bank.”

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Real Time Gross Settlement (RTGS) SWIFT Central Bank Fed 41

PYMNTS

NOVEMBER 7, 2018

After two decades of tweaking and updating its existing Real-Time Gross Settlement (RTGS) system, Hong Kong determined it needed a new rail. Speeding along money and detailed information could mean beefing up existing infrastructure or building a new set of rails. per transaction.

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