Real Time Gross Settlement (RTGS) and Risk

Real Time Gross Settlement (RTGS)

Risk

RT2: A strategic transformation for UK payment providers

The Payments Association

JUNE 9, 2025

Payment providers to strategically invest in ISO 20022 implementation, API integration, and service innovation to fully leverage RT2’s capabili The launch of RT2, the renewed Real Time Gross Settlement (RTGS) service, on 28 April 2025 marks a significant milestone for the UK’s payments infrastructure.

ISO 20022

ISO 20022 Payment APIs and Integration ISOs Interoperability

The Journey of Payments and Clearing Systems in India

Finextra

JUNE 11, 2025

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 was a step towards automated recurring payments.

Financial Inclusion

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer

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Trending Sources

Tom Groenfeldt

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

Finextra

JULY 8, 2025

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. What are your thoughts on the future of cross-border payments?

Global Payments

Global Payments Cross-Border Real Time Gross Settlement (RTGS) Cross-Border Settlement

Key considerations for the adoption of digital currencies

Finextra

JUNE 30, 2025

While the risks, application areas and technologies can differ per the digital currency issuer, the concept and principles that underpin them are the same. The DLT network provides a highly secure and reliable platform for the exchange of the digital currency as part of clearing and settlement. CBDCs), commercial banks (aka.

Digital Currency

Digital Currency Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement

Risk, fintechs and regs spark real-time payment reforms in U.K.

Payments Source

DECEMBER 10, 2018

s Real-Time Gross Settlement (RTGS) system. payments authority, Pay.UK, is developing a New Payments Architecture that will upgrade Britain’s Faster Payments real-time retail system. The Bank of England is upgrading the U.K.’s Separately, the U.K.

Real Time Gross Settlement (RTGS)

Real Time Gross Settlement (RTGS) Real Time Payments Regs Faster Payments

Project Meridian FX: Joint Project by the Eurosystem and London Centres, and the Bank of England, to Test Synchronised Settlement in FX

Fintech Finance

JUNE 17, 2024

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).

Distributed Ledger Technology (DLT)

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

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

PYMNTS

JULY 30, 2020

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).

Real Time Gross Settlement (RTGS)

Real Time Gross Settlement (RTGS) Digital Currency Central Bank CBDC

Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

NOVEMBER 19, 2020

As Canada gears up to launch its real-time payments system, the Real-Time Rail (RTR), Payments Canada , the entity at the head of the initiative, has announced that Mastercard -owned Vocalink has been chosen as the clearing and settlement solution provider for the new payment rail.

B2B

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments

U.S. Faster Payments Council Publishes Interoperability White Paper

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).

Interoperability

Interoperability Faster Payments Real Time Gross Settlement (RTGS) FPC

Bank Of England Pulls Payment Schemes Onto Same Page With ISO 20022

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.

ISO 20022

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

Moving Money X-Border In The Age Of ‘Business As Unusual’

PYMNTS

APRIL 8, 2020

Making cross-border payments work — across currencies and across time zones — is no easy task. The challenges are myriad, marked by (to name just a few) legacy systems; new domestic, faster payments rails; and the need to manage and mitigate fraud risk. Where We Need To Be.

Real Time Gross Settlement (RTGS)

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

Are SWIFT Technicians To Blame For Bangladesh Bank Heist?

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. “The changes caused much more risk for Bangladesh Bank.”

Real Time Gross Settlement (RTGS)

Real Time Gross Settlement (RTGS) SWIFT Central Bank Fed

The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

JANUARY 21, 2019

that the country is woefully behind everyone else in the world, and our competitiveness is at risk. In addition to the delay in giving people and businesses access to funds, FIN members claim that working through those intermediaries causes increased risk and costs, given the legacy nature of the current financial systems infrastructure.

Faster Payments

Faster Payments Same Day ACH Fed Real Time Payments

What Hong Kong’s New Faster Payment System Means

PYMNTS

NOVEMBER 7, 2018

And consumers are at risk of abandoning their purchases if they can’t pay quickly and with minimal hassle. After two decades of tweaking and updating its existing Real-Time Gross Settlement (RTGS) system, Hong Kong determined it needed a new rail. per transaction.

Faster Payments

Faster Payments Real Time Gross Settlement (RTGS) Payments C2B

SIA’s Third-Party Approach To RTGS

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. “The Supporting Security.

Real Time Gross Settlement (RTGS)

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

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

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.

CBDC

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

An Overview of FedNow and Bank to Bank Transfer Payments in USA

Clearly Payments

MAY 21, 2025

FedNow is a real-time gross settlement (RTGS) service designed by the Federal Reserve to enable instant money transfers between participating banks. Not all banks are currently equipped to offer real-time services, and integrating these capabilities may require technology upgrades or changes to business processes.

FedNow

FedNow Real Time Gross Settlement (RTGS) RTP Federal Reserve

The payments regulation roadmap: Q2 2025

The Payments Association

APRIL 14, 2025

Understanding whats coming allows payments firms to mitigate risk, meet compliance obligations, and capitalise on strategic opportunities in a shifting regulatory environment. Legal risks, operational exposures, and governance expectations are highlighted throughout, alongside next steps to support timely action.

Regulations

Regulations ISO 20022 Cross-Border Legal

Payments Space

RT2: A strategic transformation for UK payment providers

The Journey of Payments and Clearing Systems in India

Trending Sources

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

Key considerations for the adoption of digital currencies

Risk, fintechs and regs spark real-time payment reforms in U.K.

Project Meridian FX: Joint Project by the Eurosystem and London Centres, and the Bank of England, to Test Synchronised Settlement in FX

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

Real Time Heats Up In B2B, While Blockchain Gains Traction

U.S. Faster Payments Council Publishes Interoperability White Paper

Bank Of England Pulls Payment Schemes Onto Same Page With ISO 20022

Moving Money X-Border In The Age Of ‘Business As Unusual’

Are SWIFT Technicians To Blame For Bangladesh Bank Heist?

The Big Tech Canary In The Faster Payments Coal Mine

What Hong Kong’s New Faster Payment System Means

SIA’s Third-Party Approach To RTGS

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

An Overview of FedNow and Bank to Bank Transfer Payments in USA

The payments regulation roadmap: Q2 2025

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