Recent innovations in cross-border payments have mainly been focussed in the retail payments sector, less so in the interbank wholesale settlements space. RTGS.global's mission is to fill this innovation gap by removing all significant kinds of friction in wholesale cross-border payments, notably settlement risk, counterparty credit risk, complex payment chains and the resultant high transaction costs.
As Dave describes, RTGS.global's mission is to create a future where "instant, cross-border, wholesale payments will be possible" through use of our Settlement Fabric innovation. It aims to connect commercial banks, central banks, and payment systems operators together, enabling them to transact payment versus payment, risk-free, 24/7/365.
