CB Insights

OCTOBER 29, 2020

Capital markets infrastructure powers the trade of stocks, bonds, and other securities, handling $3000T+ in transactions each year. But a growing number of companies want to employ distributed ledger technology (DLT) — which uses tech like blockchain to offer a simpler, streamlined way to verify transactions — to upend this status quo.

Real Time Gross Settlement (RTGS) 101

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

PYMNTS

NOVEMBER 19, 2020

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. We started on the process of seriously thinking through what it looks like to add value to transactions, even if you don't control the underlying rails.".

B2B 104

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104

PYMNTS

FEBRUARY 21, 2019

The rules state that each transaction should disclose the amounts that are being paid in local currencies, as well as the currencies of the destination accounts. Full costs of currency conversion must also be disclosed before the transaction. Faster Payments In Asia. In Canada, Payments Canada said on Wednesday (Feb.

Cross-Border 76

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

PYMNTS

DECEMBER 4, 2018

In fact, the number of Same Day ACH transactions rose by 192 percent in Q3 2018 over the same period from the previous year. EBA CLEARING ’s RT1 system, meanwhile, has processed more than 5 million transactions since launch — but some have said the faster payments space could be growing even faster.

Central Bank 70

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

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.

Real Time Gross Settlement (RTGS) 60

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

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. “While there might still be less use of liquidity at night and over the weekend, payment service providers will not want to set all their available liquidity aside for real-time payment services.”

Real Time Payments 78

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

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.

FedNow 57

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

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. First, Dash has among the lowest fees and fastest transactions of any blockchain network.

Real Time Gross Settlement (RTGS) 63

Real Time Gross Settlement (RTGS) Blockchain Cross-Border Cryptocurrency 63

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. At present, cross-border payments can cost 10 times more than domestic ones.”.

Real Time Gross Settlement (RTGS) 43

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

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.,

Faster Payments 53

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

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. In addition, the U.K.

Real Time Gross Settlement (RTGS) 40

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

PYMNTS

APRIL 8, 2020

This remoteness curtails the ability of an FI to respond to exceptions when, as Kilcoyne said, everyone could be in one office, in a single location, working together to address failed payments, which can cost 40 euros ($43.61) per transaction or more to amend.

Real Time Gross Settlement (RTGS) 72

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

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.

Real Time Payments 40

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

PYMNTS

MAY 13, 2016

In light of the events surrounding the $81 million Bangladesh central bank heist, SWIFT has stepped forward to clarify that it does not hold any liability for fraudulent transactions originating from cyberattacks on its customers’ networks. “I don’t think it was the first; I don’t think it will be the last.”

Real Time Gross Settlement (RTGS) 40

Real Time Gross Settlement (RTGS) SWIFT Fed Encryption 40

PYMNTS

MAY 9, 2016

Bangladeshi police and banking officials say that the connection of SWIFT messaging to a new bank transaction system could have led to the $81 million cyberheist at the central bank of Bangladesh. The specific issue seems to have been with how SWIFT was connected with Bangladesh’s first real-time gross settlement (RTGS) system.

Real Time Gross Settlement (RTGS) 41

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

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.

Real Time Gross Settlement (RTGS) 40

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

PYMNTS

DECEMBER 14, 2017

Several global companies recently moved forward with efforts to introduce blockchain technology as a tool to enable smoother cross-border transactions. Retail customers can now use the service to receive payments from the UAE’s RAKBANK.

Real Time Gross Settlement (RTGS) 46

Real Time Gross Settlement (RTGS) Cross-Border Payment APIs and Integration API 46

PYMNTS

NOVEMBER 7, 2018

Small retailers want to keep their cash flow moving by receiving consumer payments quickly, while large corporations need improved data and visibility to ensure their B2B transactions arrive on schedule. After two decades of tweaking and updating its existing Real-Time Gross Settlement (RTGS) system, Hong Kong determined it needed a new rail.

Faster Payments 49

Faster Payments Real Time Gross Settlement (RTGS) Payments C2B 49

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.

Real Time Gross Settlement (RTGS) 40

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

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. The Innovation Track consisted of public engagements and exploring CBDC for financial innovation.

CBDC 125

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 125

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. FedNow Merchant Usage & Adoption Statistics Since its launch in July 2023, the FedNow Service has experienced significant growth in transaction volume and value.

FedNow 71

FedNow Real Time Gross Settlement (RTGS) RTP Federal Reserve 71

Fintech Finance

JUNE 2, 2025

“This is another clear signal that the market wants to see improvement in global payments infrastructure and we intend to be the go-to payments bank for financial institutions across Europe looking for simplified, accelerated, real-time transactions said Laust Bertelsen, Chief Executive Officer at Banking Circle.

Real Time Gross Settlement (RTGS) 52

Real Time Gross Settlement (RTGS) Payment APIs and Integration Multi-Currency Cross-Border 52

The Fintech Times

JUNE 2, 2025

With this new capability, Banking Circle clients can now benefit from comprehensive support for both real-time gross settlement (RTGS) and automated clearing house (ACH) transactions in Swiss Francs (CHF), coupled with access to Liechtenstein-issued VIBAN accounts designed to provide full operational control and compliance alignment.

Real Time Gross Settlement (RTGS) 45

Real Time Gross Settlement (RTGS) Payment APIs and Integration Accounts Multi-Currency 45

The Payments Association

APRIL 14, 2025

Delayed preparation may result in incompatibility with global payment systems, transaction failures, data truncation, and increased regulatory scrutiny. Institutions that are not fully prepared risk being locked out of clearing and settlement infrastructure, impacting both operational resilience and client service delivery.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88