scoop.co.nz 22 Mar, 2021 23:00 am

Reserve Bank's Payment And Settlement Systems Win International Award

Reserve Bank's Payment And Settlement Systems Win International Award
The Reserve Bank of New Zealand - Te Pūtea Matua has been named the winner of the ‘Payments and Market Infrastructure (Wholesale) Award’ at the Central Banking Publications annual awards . The award was given in recognition of the Reserve Bank’s ...

The Reserve Bank of New Zealand - Te Pūtea Matua has been named the winner of the ‘Payments and Market Infrastructure (Wholesale) Award’ at the Central Banking Publications annual awards.The award was given in recognition of the Reserve Bank’s work on its new payment settlement system launched last year.Reserve Bank Governor Adrian Orr said it was an honour to receive the award and commended all those involved.In February 2020, the Reserve Bank went live with a new payment settlement platform, launching two separate systems – ESAS 2.

Mr Orr describes the project as the “most complex technology switch” that the Reserve Bank’s Payments and Settlements group had done.The Reserve Bank also credits the strong support by system users as a key part of the project’s success.

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