The National Bank of Georgia has gone live with a fully modernized Real-Time Gross Settlement system, partnering with payments technology provider Montran to upgrade its Automated Transfer System infrastructure. The new RTGS platform introduces ISO 20022 messaging standards, enables continuous 24/7 payment processing capabilities, and supports real-time settlement operations with enhanced system resilience. This marks a significant evolution in Georgia’s financial market infrastructure after a quarter-century partnership between the central bank and Montran.
The upgraded system positions Georgia’s payments ecosystem at international standards, enabling faster cross-border transaction processing and improved interoperability with global financial networks. Banks operating in Georgia will now process transactions continuously rather than within traditional business hours, while compliance with ISO 20022 ensures seamless integration with modernized payment systems across Europe and beyond. The enhanced infrastructure reduces settlement risk and improves liquidity management for financial institutions operating in the Georgian market.
FXnCO Insight
Financial institutions with Georgian operations should prioritize ISO 20022 readiness and evaluate liquidity management strategies to capitalize on continuous settlement windows now available through the upgraded RTGS platform.
Source: Finextra