Good morning, it is a pleasure to join you today at the Technology and Innovation Risk Conference. I would like to update you on an exciting programme to renew our Real Time Gross Settlement (RTGS) service, where we are seeking to use the latest technology to help to reduce risks and increase innovation and competition in payments, and in the financial sector more broadly.
RTGS is a key piece of national infrastructure but one which many people have not heard of. This morning I would like to demystify the acronym and take you through the work the Bank is undertaking to enhance this vital service and to innovate for the future.
Real-Time Gross Settlement (RTGS) Renewal: enabling the next generation of payments
Executive Director for Banking, Payments and Financial Resilience
Victoria Cleland
