RTGS.global Partners with Temenos Exchange to Offer Instant Cross Border Settlement

RTGS.global, which is building a Financial Market Infrastructure (FMI) for the digital age to solve friction in cross-border settlements, announced that it has joined Temenos Exchange, the open marketplace for fintech solutions.

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As a result of the new relationship, Temenos banking customers will have easy access to the RTGS.global Liquidity Settlement System, which makes real-time, inter-bank settlement of wholesale FX possible on a PvP basis, in both developed and emerging market currencies.

Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate and monetise new banking solutions. Joining Temenos Exchange means RTGS.global will be available to more than 3,000 clients in 150 countries. Collectively, this community serves the banking needs of 1.2 billion people worldwide.

Dave Sissens, CEO, RTGS.global: "RTGS.global was founded with the mission to reduce the cost and friction associated with cross-border payments and liquidity management. To be successful in this, we need to work in harmony with the existing financial processes of banks around the world. By partnering with Temenos, the world's leading software provider for banks and financial institutions, we are ensuring that its community of banks can integrate with us easily, without disruption."

"The challenges around cross-border settlement are well known, creating unnecessary cost and risk for banks all over the world. RTGS.global aims to make international cross-border transactions faster, more efficient and more secure. As such, we are pleased to be able to offer banks easy access to RTGS.global as part of Temenos Exchange. We hope it enables Temenos' customers to realise an international payments system suited to the modern world."

Source: Finextra