The new system has replaced Denmark’s previous high-value payment system with an up-to-date technology infrastructure developed by SIA
Later this year it will be connected to TARGET2-Securities as Denmark will be the first non-euro country to participate in this European platform
This RTGS platform is already used by the central banks of Norway and Sweden and it will soon go live in Iceland too
SIA, European hi-tech company, leader in payment infrastructures and services, has further strengthened its positioning in the Nordic countries, by providing Danmarks Nationalbank with the new real-time gross settlement system (RTGS) that connects banks, mortgage banks and settlement systems. This RTGS platform is already in operation by the central banks of Norway and Sweden and it will soon go live in Iceland too.
The up-to-date technology infrastructure developed by SIA has replaced the previous in-house system that has been in use by the Central Bank of Denmark since 2001. The new RTGS system, that secures safe and real-time transfer of Danish kroner, ensures continued efficiency, operational reliability, functional sophistication and simpler maintenance of the system.
In this initiative, SIA has used its wholly-owned subsidiary Perago, based in Pretoria (South Africa) and specialized in central bank solutions.
Later this year, Denmark will be the first non-euro country to participate in TARGET2-Securities (T2S), the centralized European platform for the settlement of domestic and cross-border securities…