This prestigious event highlights innovation, excellence, and significant contributions within the sector. The PayTech Awards 2024 recognise companies and individuals for their exceptional contributions to the payments industry, showcasing the diverse and innovative landscape of payment solutions, from emerging fintech start-ups to established industry giants.
RTGS.global is a settlement service that enables real-time, cross-border payment and liquidity management. It allows counterparties to settle trades instantly, bilaterally and without settlement risk. The service is designed to work with fiat currency settlement now, while being ready for a future that includes CBDCs and other digital asset classes.
The company provides a Payment Vs. Payment (PVP) system that enhances cross-border and cross-currency settlement and onward payments. This offers a transparent, faster (immediate), more secure, and cheaper alternative to the traditional correspondent banking arrangements that are currently seen in global funding and payments.
“It is always a really proud moment when your team is recognised for the tremendous efforts they put in to drive the company’s mission forwards”, says Jarrad Hubble, CEO of RTGS.global. “We are not just revolutionising cross-border payments, but we are also promoting industry wide collaboration, which is critical to triggering the much needed change across the global markets. Congratulations to all of the other winners and highly commended businesses – it’s promising to see such innovation come out of the payments sector, all of which will contribute to moving the needle.”
Cross-border payments often face challenges due to the lack of immediate settlement capabilities, standardisation and interoperability between various payment systems, resulting in slow and costly transactions. The absence of a unified regulatory framework also leads to compliance complexities, increasing the risks of fraud and money laundering. RTGS.global is directly responding to these challenges by providing an instantaneous cross-border, atomic settlement service that reduces settlement risk in the wholesale FX market and optimises cross-border commercial payments.