Bank of Bangladesh, RTGS
On October 25, 2015 The Bank of Bangladesh launched the Real Time Gross Settlement System (RTGS). It took CMA Company nine months to design the system, adjust it according to the national regulating authorities and legislation requirements, install and setup the system. The RTGS project is done with the financial assistance of Asian Development Bank (ADB) under the project Institutional Support for Migrant Worker’s Remittances. Bangladesh RTGS is implemented under Component A: Remittance and Payment Infrastructure Development. The system will have a substantial impact on current operations in the Bangladesh banks, particularly in the area of treasury, payment division, corporate banking and cash management.
Status: The system went into live operation in October 2015 according to the project schedule.