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March 31, 2023
Finance Technologies

Central Bank of Iceland deploys new RTGS with SIA

The Central Bank of Iceland (CBI) has gone live on a new real-time gross settlement system (RTGS) from SIA. SIA has deployed a system capable of handling 5 million payments a day The Italian infrastructure firm says CBI can now benefit from “a more strategic and modern infrastructure.” CBI processes around 1 million payments per day, and 160,000 per hour. The new SIA system manages up to 5 million payments per day. “An efficient and secure payment system is one of the prerequisites for smooth, normal business transactions in a modern economy,” says Sturla Pálsson, director at CBI. “We need…
Central Bank of Iceland deploys new RTGS with SIA

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