NZ central bank chooses SIA's Perago to replace exchange settlement account system

Mon, 18 Apr 2016

By Jonathan Underhill April 18 (BusinessDesk) - New Zealand's central bank has chosen European technology firm SIA to supply and support a new real-time gross settlement system (RTGS) that will replace the current exchange settlement account system (ESAS). The Reserve Bank will use a Perago RTGS system supplied by SIA's South African subsidiary, Perago, which is already used by a number of central banks in Scandinavia, deputy governor Geoff Bascand said. The bank's existing ESAS system, which processes payments, had been earmarked for...

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