RTGS.global provides a platform for instant cross-border payments between financial institutions, enabling real-time Payment-vs-Payment (PvP) settlement across multiple jurisdictions and currencies. Their solution reduces risk and friction in international transactions by creating a global settlement network that operates 24/7.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional cross-border payment systems are slow, costly, and carry significant risk due to multiple intermediaries and time zone limitations. Existing systems often require financial institutions to maintain multiple accounts with correspondent banks in each currency, leading to trapped liquidity and increased operational complexity. The lack of transparency and real-time settlement creates friction and increases the potential for settlement failures.
Solution
RTGS.global provides a platform for instant cross-border Payment-vs-Payment (PvP) settlement between financial institutions, operating 24/7/365. The platform enables direct transfers between participants, removing the need for multiple intermediaries and reducing both risk and cost. By using a single pool of liquidity for settlement across multiple currencies and asset types, RTGS.global optimizes liquidity management and reduces reliance on unsecured intraday credit lines. The cloud-native infrastructure, hosted in Microsoft Azure, ensures high availability and facilitates seamless interoperability across borders and currencies.
Target Audience
The primary target audience includes financial institutions, commercial banks, and central banks seeking to streamline cross-border payments, reduce settlement risk, and improve liquidity management.
Features
- Instant Payment-vs-Payment (PvP) settlement across multiple jurisdictions and currencies
- 24/7/365 availability, removing time zone barriers
- Single Network Account per currency, reducing the need for multiple correspondent bank accounts
- ISO 20022 compatible messaging platform
- API protocols for sending and receiving settlement, payment, and lifecycle notifications
- Secure and configurable screen-based application for transaction execution
- Gateway emulator for testing against the API
- Underpinned by Central Bank money and CBDCs