P27 - Bringing the plans to life

After Coronavirus brought the world temporarily to a halt, work behind the scenes on the world’s first real-time cross border multicurrency clearing and settlement platform, serving the four Nordic currency communities, has not faltered. The frontrunner implementation project is now up and running in Sweden and four banks are participating, representing 60% of the Swedish market. Ongoing discussions are taking place with all four countries’ financial authorities to prepare for the new payments
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