RTGS

Webtel.mobi publishes a detailed article on why the US Dollar is not under threat as Global Reserve Currency, nor a consideration for Global Financial Reform

Retrieved on: 
Thursday, March 28, 2024
CHIPS, Finance, Learning, Stasis, Financial services, Travel, ALL, Local, Routing, City, Parity, Senior management, TCH, Communication, Control, Fiat, Telecommunications, Policy, World War II, Person, RTAI, Station, Global Telecommunications System, Management, CIPS, Distribution, Old, Security, FX, Global financial system, Uber, Signal, Telephony, CLS Group, RTGS, IBAN, Comment, Financial system, Payment card, Wi-Fi, Paralysis, LCH, Local currency, Fedwire, CME, Global Operations, Centralisation, Century, Platform 1, Conversion, Cryptocurrency

It is rather the Global System over which all currencies are transacted that creates all global imbalances, weighted advantages or potential reform solutions.

Key Points: 
  • It is rather the Global System over which all currencies are transacted that creates all global imbalances, weighted advantages or potential reform solutions.
  • Through these decisions, so-called Reserve Currencies, Illiquid Currencies, Exchange Rates, Currency Flows, Currency Exchange and all other aspects of the Global Economic and Financial System are determined.
  • This situation is – and will be – impossible to alter without reform of the Global Financial System.
  • The Global Financial System functions like a railway network, with:
    A System of Railway Tracks on which all Carriages (i.e.

DP World Announces New Investment of $50 Million for Expansion of Container Operations at Brazil’s Port of Santos

Retrieved on: 
Thursday, March 21, 2024
DP, Growth, DP World, Acquisition, RTGS, Carbon, Investment, ECHS, USD, Album-equivalent unit, Greenhouse, Port, Intermodal freight transport

SANTOS, BRAZIL, March 21, 2024 (GLOBE NEWSWIRE) -- DP World , a global leader in supply chain solutions, announces a new investment of USD$50 million (approximately R$250 million) in the acquisition of new port equipment for its terminal located on the left bank of the Port of Santos, Brazil.

Key Points: 
  • SANTOS, BRAZIL, March 21, 2024 (GLOBE NEWSWIRE) -- DP World , a global leader in supply chain solutions, announces a new investment of USD$50 million (approximately R$250 million) in the acquisition of new port equipment for its terminal located on the left bank of the Port of Santos, Brazil.
  • The investment is the latest phase of a USD$85 million (R$425 million) terminal expansion project, which also includes the USD$35 million (R$175 million) extension of the dock by an additional 190 meters announced in 2023 .
  • The new equipment also allows the terminal to expand capacity to 1.7 million TEUs, boosting DP World’s ability to support Brazil’s strong economic growth.
  • Fabio Siccherino, CEO of DP World in Brazil, said, “The investments by DP World in Brazil aim to meet robust growth in Brazil’s container market in the post-pandemic era, as well as to maintain Santos’ role as a Hub Port for South America.

DP World Welcomes First LNG-Powered Container Vessel at Brazil’s Port of Santos

Retrieved on: 
Thursday, January 25, 2024
Oil, Gas, Sustainability, Environment, Alternative Energy, Energy, Maritime, Logistics, Supply Chain Management, Transport, Natural gas, Port, DP World, Coal, Album-equivalent unit, Hydrogen, Carbon, CMA, DP, RTGS, Intermodal freight transport

In a significant step towards sustainable maritime operations, DP World welcomed the CMA CGM BAHIA, a container vessel powered liquefied natural gas (LNG), into the Port of Santos, Brazil, on January 22, 2024.

Key Points: 
  • In a significant step towards sustainable maritime operations, DP World welcomed the CMA CGM BAHIA, a container vessel powered liquefied natural gas (LNG), into the Port of Santos, Brazil, on January 22, 2024.
  • This marks the first arrival of a container vessel fuelled by LNG at the port, heralding a new era of eco-friendly maritime transport.
  • DP World, with its commitment to reducing carbon emissions, views the arrival of the CMA CGM BAHIA as a key milestone.
  • In addition to pioneering sustainable shipping practices, DP World is also focusing on greening its internal operations.

Libra Internet Bank, the top partner for fintechs in Romania, selects Temenos for Cross-Border Payments

Retrieved on: 
Tuesday, September 19, 2023
SEPA, Software as a service, STP, ISO, Libra Internet Bank, ACH, Convera Corporation, Revolut, Certification, Organization, FedNow, European, Libra, RTGS, Straight-through processing, API, Mobile phone, Bank, Swift, Temenos

Libra Internet Bank has a reputation for innovation, having launched the country’s first 100% online accounts and loans.

Key Points: 
  • Libra Internet Bank has a reputation for innovation, having launched the country’s first 100% online accounts and loans.
  • Libra Internet Bank is already using Temenos for core banking and adding Temenos Payments will allow the bank to simplify and standardize its payments operations on a flexible, efficient platform, increasing Straight Through Processing (STP) rates and enhancing customer servicing.
  • Libra Internet Bank will also be able to improve its sanctions screening processes, for which it uses Temenos Financial Crime Mitigation solution, by standardizing on robust, scalable integration points with Temenos Payments.
  • With Temenos Payments the bank will have a modern payments platform enabling it to scale quickly and propel its growth plans.

DP World Selects TYCROP and Loop Energy for Solution to Decarbonize RTG Cranes at Port of Vancouver

Retrieved on: 
Tuesday, September 12, 2023
Hydrogen, Carbon, DP World, Partnership, Life, Hydrogen Electric Racing Federation, Port, Port of Vancouver, RTG, Loop, Climate change, DP, Engineering, Climate change mitigation, RTGS, Hotbed, TSX, Weather, HEG, Environment, Foreign policy, Transport, CO2, Lithium, Jet fuel, Renewable energy

With 1,500 RTGs operating globally, DP World is one of the world's largest port operators with over 80 terminals across 40 countries.

Key Points: 
  • With 1,500 RTGs operating globally, DP World is one of the world's largest port operators with over 80 terminals across 40 countries.
  • This vital pilot project aligns with DP World's global commitment to becoming carbon neutral by 2040," said Joel Werner, DP World General Manager - Vancouver.
  • The pilot project will see DP World's first RTG powered by hydrogen fuel cell systems put into operation at the Port of Vancouver.
  • The HEG, combined with a lithium battery and our energy regeneration technology, provides DP World with class-leading energy efficiency.

Global Fintech Fest 2023 - AFAQ and BUNA Systems Have Improved Payments in GCC: Khaled Al Basias of Saudi Central Bank

Retrieved on: 
Friday, September 8, 2023
Ministry of Finance, JPMorgan Chase, FCC, GCC, RBI, Economy, Reserve Bank of India, Bank of Japan, National Payments Corporation of India, GFF, Information technology, Digital, Federal Department of Economic Affairs, Education and Research, Former, Ministry of Electronics and Information Technology, PCI, Bank of Finland, Ministry, BCG, DEA, Digital asset, Reserve Bank, International Financial Services Centre, NPCI, RTGS, Knowledge, Bank, Payment, Payments Council, Electronics, Fintech, MD

MUMBAI, India, Sept. 8, 2023 /PRNewswire/ -- Speaking at Global Fintech Fest 2023, H.E.

Key Points: 
  • MUMBAI, India, Sept. 8, 2023 /PRNewswire/ -- Speaking at Global Fintech Fest 2023, H.E.
  • Khaled Al Basias, Director Financial Sector Development, Saudi Central Bank highlighted that the AFAQ and BUNA systems have helped improve payments in the GCC region.
  • AFAQ system was created in 2020 to link all the GCC countries' RTGS payments and central banks for foreign exchange transactions.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports | 81 Academic Papers | 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors | 500+ exhibitors | 150K Sq.

Global Banks Progressing towards Go-live on the Finteum Platform

Retrieved on: 
Tuesday, August 8, 2023
Federal Reserve, DLT, CAD, Risk management, USD, Real-time gross settlement, JPY, Risk, FX, Buffer, RTGS, UBS, BNY, CHF, NatWest, GBP, Software, Cryptocurrency, Mobile phone, Bank, EUR

The Finteum Platform is an execution venue that brings intraday funding capabilities to the global interbank market.

Key Points: 
  • The Finteum Platform is an execution venue that brings intraday funding capabilities to the global interbank market.
  • The banks progressing with the integration work and planning to go live soon include UBS and NatWest.
  • Intraday FX swaps and intraday repo are recognised to be an increasingly important part of liquidity management strategies at global banks.
  • Finteum is building out the second wave of banks that will go live on the platform in 2024 and will start benefiting from intraday markets.

eCurrency and CMA partner to provide an integrated CBDC - RTGS solution for Central Banks

Retrieved on: 
Monday, June 26, 2023
RTGS, DSC3, Partnership, CBDC, CMA, Digital, Digital currency, Real-time gross settlement, Cryptocurrency, Audit

OAKLAND, Calif., June 26, 2023 /PRNewswire/ -- eCurrency Mint and CMA announced today that they are partnering to provide central banks an integrated Real Time Gross Settlement (RTGS) and eCurrency Central Bank Digital Currency (CBDC) solution.

Key Points: 
  • OAKLAND, Calif., June 26, 2023 /PRNewswire/ -- eCurrency Mint and CMA announced today that they are partnering to provide central banks an integrated Real Time Gross Settlement (RTGS) and eCurrency Central Bank Digital Currency (CBDC) solution.
  • We are excited to bring the benefits of our partnership to central banks," said Jonathan Dharmapalan, CEO, eCurrency.
  • The partnership between eCurrency and CMA provides central banks with a secure and efficient infrastructure to issue and redeem digital currency created by the central banks.
  • CMA's RTGS plays a vital role for central banks as does eCurrency's CBDC solution, therefore it is crucial that the two systems are tightly integrated.

Westpac New Zealand accelerates ISO 20022 compliance with Finastra

Retrieved on: 
Wednesday, May 17, 2023
RTGS, ISO 20022, Ecosystem, MT, MX, Westpac, Automation, ISO, Online shopping, Finastra, Payment

AUCKLAND, New Zealand, May 17, 2023 /PRNewswire/ -- Westpac New Zealand has deployed a solution from Finastra to accelerate its compliance with the new ISO 20022 financial messaging standard.

Key Points: 
  • AUCKLAND, New Zealand, May 17, 2023 /PRNewswire/ -- Westpac New Zealand has deployed a solution from Finastra to accelerate its compliance with the new ISO 20022 financial messaging standard.
  • ISO 20022 is a global standard for the exchange of financial messages, such as payments, and brings benefits including greater interoperability between financial systems, enhanced straight-through processing, and improved data quality.
  • "With ISO 20022 set to replace the legacy MT financial messaging formats, we were eager to find a fast route to compliance and leverage the richer data offered by the new MX format, whilst ensuring continuity for existing applications," said John Forrester, Head of Payments, Westpac New Zealand.
  • We are pleased to have helped Westpac New Zealand prepare for the new standard and leverage all the potential benefits for its end customers."

Westpac New Zealand accelerates ISO 20022 compliance with Finastra

Retrieved on: 
Wednesday, May 17, 2023
RTGS, ISO 20022, Ecosystem, MT, MX, Westpac, Automation, ISO, Online shopping, Finastra, Payment

AUCKLAND, New Zealand, May 17, 2023 /PRNewswire/ -- Westpac New Zealand has deployed a solution from Finastra to accelerate its compliance with the new ISO 20022 financial messaging standard.

Key Points: 
  • AUCKLAND, New Zealand, May 17, 2023 /PRNewswire/ -- Westpac New Zealand has deployed a solution from Finastra to accelerate its compliance with the new ISO 20022 financial messaging standard.
  • ISO 20022 is a global standard for the exchange of financial messages, such as payments, and brings benefits including greater interoperability between financial systems, enhanced straight-through processing, and improved data quality.
  • "With ISO 20022 set to replace the legacy MT financial messaging formats, we were eager to find a fast route to compliance and leverage the richer data offered by the new MX format, whilst ensuring continuity for existing applications," said John Forrester, Head of Payments, Westpac New Zealand.
  • We are pleased to have helped Westpac New Zealand prepare for the new standard and leverage all the potential benefits for its end customers."