Citi deploys round-the-clock clearing capability
Oct 26, 2022
Australian bank expands settlement capability
CBA has enhanced its payments processing capability to enable near to round-the-clock clearing.
Sydney-headquartered Commonwealth Bank of Australia (CBA) announced on Friday that it had successfully extended its daily Australian dollar clearing and settlement processing for inward cross-border payments. This progress means that the bank is now able to process payments by overseas financial institutions almost round-the-clock, extending the payments processing window from 22 hours to nearly 24 hours every business day.
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