Bank of England's renewed RTGS service goes live
On 28 April, our renewed RTGS service – known as RT2 – went live.
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RT2 will support our strategic objectives for RTGS and CHAPS and act as an open platform for change and innovation, driving improvement in wholesale settlement efficiency and facilitating greater competition.
Coupled with the introduction of ISO 20022 payments for CHAPS in 2023, this delivers enhanced resilience, greater interoperability, increased user functionality and greater access.
We would like to extend our thanks to the many individuals and organisations that have contributed to this significant milestone.