One year after the full working group first met at last year's Sibos, the banks involved in the development of an online service for the exchange of nostro information in real time revealed the fruits of their labour. The Real-Time Nostro RTN service has been driven by global telecom service provider Cable Wireless, in partnership with UK software house Gresham Computing.
It is also being supported by major clearing banks ANZ Bank, Barclays, JPMorgan Chase and Mizuho Corporate Bank, which will act as a channel to market for the service and supply data for it.
The project has gone through several incarnations, and has grown out of the early IBIX...
