The Bank of Lithuania has selected SIA to access RT1, the pan-European instant payments infrastructure, which come into effect as of 21 November last year
The European Central Bank has approved the combination of TARGET2 and T2S, and the introduction of a harmonised collateral management system for the eurozone
The new office is intended to support rising demand for international currency payments and collections, foreign exchange risk management and import finance solutions from Canadian businesses
06 November 2017Frankfurt Reporter: Stephanie Palmer-Derrien
Deutsche Bank has launched its global payments initiative service for euro payments, promising to process payments between continents within 30 minutes
The enhancement, set to launch in 2018, means banks will face reduced costs by harmonising the network used to connect with other securities markets across the globe
The first group of users are currently testing the platform’s connectivity, as it prepares for a “real-time payments ramp-up in Europe”, with banks including BBVA, CaxiaBank and UniCredit, a company statement said
