It has historically taken a long time to send money across the globe, with the process being very restrictive. Looking to free organisations from these shackles and enable faster, more seamless cross-border transactions, RTGS.global, the real-time cross-border settlement solutions, launched its instant atomic settlement solution which is now being rolled out in Bahrain.
This has been made possible following a partnership between the Bahrain FinTech Bay, Bahrain’s fintech ecosystem builder and RTGS.global. Together, the organisations will drive fintech innovation and promote sustainable growth. Consequently, they will further solidify Bahrain‘s position in the global fintech landscape.
RTGS.global’s instant atomic settlement solution solves historic and emerging challenges associated with cross-border payments and liquidity management. Its platform enables quick, secure and risk-free transactions across different currencies and geographies. This will enhance Bahrain’s financial infrastructure and ultimately help financial institutions in Bahrain offer better services to their customers.
Jarrad Hubble, CEO of RTGS.global
Jarrad Hubble, CEO of RTGS.global commented: “Successfully facilitating frictionless cross-border payments and settlements between progressive banks in such a strategic financial hub as Bahrain is an exciting milestone for RTGS.global. We are looking forward to working with Bahrain FinTech Bay to make instant cross-border settlement a reality for the region.”
As part of this collaboration, a breakfast seminar event will be held on 30 September in Bahrain. It will showcase RTGS.global’s solutions and how it can impact the Bahraini financial landscape. This gathering will bring together key industry stakeholders to explore how these solutions can address the evolving needs of the local market. All the while driving financial inclusion.
Mr Bader Sater, CEO Bahrain FinTech Bay
Bader Sater, CEO of Bahrain FinTech Bay stated: “This partnership is a strategic move in our efforts to drive fintech innovation in Bahrain. By collaborating with RTGS.global, we are committed to introducing advanced technologies that will strengthen Bahrain’s financial sector. We also want to elevate the region’s standing in the global fintech landscape.”
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