The Bank of England (BoE) has published its 2024/25 annual report for the Real-Time Gross Settlement (RTGS) system and CHAPS, marking the successful completion of the RTGS Renewal Programme with the ...

The Bank of England’s core IT system, which settles £775bn worth of UK payments a day, experienced a major outage due to a “technical issue”. The Real-Time Gross Settlement (RTGS) system, which ...

IMPS vs NEFT vs RTGS: In the transforming digital era, money transferring has become easier and more convenient than ever. With various payment methods available, customers can now send and receive ...

The Bank of England has reached a major landmark in its programme to replace its 27-year-old real-time gross settlement (RTGS) system after completing the first of two major components of the project.

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Chaps is used for processing large time-sensitive payments ...

The modernization and extension of Real-time Gross Settlement (RTGS) systems, coupled with the deployment of instant payments systems (IPS) is diminishing the ongoing requirement for separate, ...

THE Bangko Sentral ng Pilipinas (BSP) is proposing clearer grounds for suspending Peso Real-Time Gross Settlement (RTGS) participants due to penalties, insolvency or security threats, as well as their ...

The Qatar Central Bank (QCB) has announced the activation of Qatari Riyal and foreign-currency transfer services through the Real-Time Gross Settlement System (QA-RTGS) between local banks. This, the ...

The Bank of England wants to open its interbank settlement service to blockchain technologies as part of a major revamp of the system. The bank is not suggesting that U.K. banks should begin ...

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is proposing to extend the operating hours of the Peso real-time gross settlement system (RTGS), PhilPaSSplus, to near 24/7 as part of ...

HAVING a near-24/7 operation of the Peso Real-Time Gross Settlement (RTGS) system could speed up cross-border payments, but also introduce a range of operational, cybersecurity, liquidity and systemic ...

Qatar Central Bank (QCB) on Monday announced the activation of Qatari Riyal and foreign-currency transfer services through the Real-Time Gross Settlement System (QA-RTGS) between local banks, in line ...