Bilateral Atomic Settlement

The interbank wholesale FX market continues to be impacted by inefficiency and settlement risk.

RTGS.global is a next-gen FMI that addresses these problems.

We do this by embracing established best practices that serve the market well today, whilst introducing technology and commercial innovation where disruptive change is required.

PvP

Eliminate settlement risk​

24/7/365

Always on, wholesale FX anytime​

Fiat

Fiat-currency based, interfacing with existing IT​

Bilateral

Point-to-point, no financial intermediary

Today

60% of FX payments, equating to $9 trillion per day, is exposed to settlement risk.

The limitations of netting and trade compression, combined with the rising volume of emerging market currency FX, means the risks are growing.

The result: high cost and inefficiency

 

  • Friction
  • Opacity
  • Settlement risk
  • Costly pre-funding
  • High buffers
  • Limited operating hours
  • Credit risk
  • High capital demands

RTGS.global

Bilateral Atomic Settlement
Instantaneous fiat currency liquidity exchange in central bank funds – point-to-point, globally, 24/7/365.

One Network, Many Cross-Border Wholesale Applications

Bilateral Atomic Settlement

Watch ITN's special feature, explaining how Bilateral Atomic Settlement from RTGS.global
addresses settlement deficiencies within the wholesale FX market

 

About us

The leadership team at RTGS.global comes with a proven track record at the pinnacle of the global payments, banking, and fintech industries – with deep domain expertise in settlement, liquidity management, financial market infrastructures, and cloud computing.

Dave Sissens

CEO

Dave Sissens

Dave Sissens

Dave’s entire career has been built around the elimination of settlement risk and optimisation of liquidity – first in a 23-year career at CLS, then in various advisory and fintech leadership roles.

Nick Ogden

Founder, Director

Nick Ogden

Nick Ogden

Nick is the inventor of e-commerce and one of the founding fathers of fintech. He is the serial entrepreneur behind WorldPay, ClearBank, and CashFlows, among other successful businesses. He is a director with multiple fintechs.

Jim Cowles

Executive Director

Jim Cowles

Jim Cowles

Jim is the former CEO for Citi in Europe, Middle East, and Africa (EMEA). Following a four-decade career in banking, he now holds directorships with multiple high-growth fintechs.

Marcus Treacher

Investor Director

Marcus Treacher

Marcus Treacher

Marcus has over 35 years experience driving innovation and business growth in the transaction banking and payments industries worldwide. As well as an executive leadership career at HSBC, Citigroup and Ripple, Marcus also served as a member of the Global Board of SWIFT from 2010-2016, and as a director of CHAPS Co.   

Andrew Smith

CTO

Andrew Smith

Andrew Smith

Prior to RTGS.global, Andrew was the founding CTO of CloudZync and ClearBank. He has deep domain expertise in banking, payment systems, cloud, and enterprise IT.

Gordon Cooper

COO

Gordon Cooper

Gordon Cooper

Gordon spent nearly two decades in a global career with Visa, latterly as GM for Southeast Asia emerging markets. He is the former COO of Intel-backed Kinduct.

Victoria Cumings

Chief Legal & Regulatory Affairs Officer​

Victoria Cumings

Victoria Cumings

Based in New York City, Victoria is an FX industry veteran, having worked at HSBC, CLS and GFMA.

Paul Fraser

Chief Risk Officer​

Paul Fraser

Paul Fraser

Paul is a career risk management professional, having worked at Wells Fargo, Deutsche Bank, Credit Suisse and Standard Chartered.

Paulo Da Costa

Head of Business Development

Paulo Da Costa

Paulo Da Costa

From a thirty year career in senior roles at Morgan Stanley, Credit Suisse, and Swift, Paulo Da Costa has deep expertise in Treasury Operations, Cash Management, Payments, and Intraday Liquidity Risk Management.

Phil Kenworthy

Advisor

Phil Kenworthy

Phil Kenworthy

Phil Kenworthy is the former CEO of the UK’s high value payment system, CHAPS. Over several decades, he held senior positions at CREST and CLS. Phil began his career at Bank of England.

Dr. Ruth Wandhöfer

Advisor

Dr. Ruth Wandhöfer

Dr. Ruth Wandhöfer

Ruth has been named a Top 10 Global Fintech Influencer. She is a former MD at Citi and holds a PhD in technology innovation in financial markets. Ruth is a non-executive director on multiple boards and is Chair of the UK Payment Systems Regulator (PSR) Panel.

Jean-Michel Godeffroy

Advisor

Jean-Michel Godeffroy

Jean-Michel Godeffroy

Jean-Michel’s distinguished career includes key roles at Banque de France as well as ECB, where he was Director General for payment systems and market infrastructure before assuming the Chairmanship of Europe’s securities settlement system, T2S.

Lord Holmes of Richmond MBE

Advisor

Lord Holmes of Richmond MBE

Lord Holmes of Richmond MBE

Lord Holmes is a member of the House of Lords Science and Technology Select Committee. His policy focus is on digital technology for the public good. Two of his areas of interest are Fintech and Regtech.

Derrick Pearson

Advisor

Derrick Pearson

Derrick Pearson

Derrick spent forty-one years at Lloyds Bank, during which time he led large teams managing Treasury products including FX, Money Market, Fixed Income, Securities, Swaps and Trade Finance.

Richard Peers

Advisor

Richard Peers

Richard Peers

Richard is a thought leader in sustainable finance and Contributing Editor with Finextra. He spent 23 years at Microsoft, with leadership roles in worldwide financial services.

Contact Us

RTGS.global is hosting Discovery Workshops with banks globally throughout the year.
To register your interest or otherwise inquire about RTGS.global, please use the form below.