Tagged: real-time gross settlement

January 4, 2022 @ 10:07 pm By Tony Zerucha  |  

India’s largest bank is providing financial incentives to its customers to go digital. Beginning Feb. 1 the State Bank of India is waiving fees on digital transactions for instant money transfers in amounts up to Rs 5 lakh, they said today. That amount is up… Read More

July 30, 2020 @ 9:22 am By JD Alois  |  

The Bank of England has announced that Accenture has been appointed as the “Technology Delivery Partner for the Real Time Gross Settlement (RTGS) service Renewal Programme.” RTGS is where financial institutions hold their sterling bank accounts. The Bank of England will work with Accenture to… Read More

October 29, 2019 @ 1:22 am By Cali Haan  |  

Accenture (NYSE:ACN), SAP SE (NYSE:SAP) and R3 are working to build a real-time gross-settlement system to handle large payments between banks and other parties. In standard real-time gross settlement (RTGS) systems, electronic fund transfers are immediate. RTGS is often used for high-value transactions that must… Read More