ISX Financial EU Plc Gains T2 (RTGS) Access via Central Banks

ISX Financial EU Plc, a licensed Electronic Money Institution in the EEA, has been authorized by the Central Bank of Cyprus to access T2, the Eurosystem's real-time gross settlement platform. This development enhances ISXX’s capabilities in managing liquidity and processing high-value cross-border payments without the need for a sponsor bank. The authorization underscores ISXX's resilience and product offerings in the payment system.

With this access, ISXX can manage liquidity directly through its central bank accounts, reducing reliance on third-party banks. It also strengthens ISXX’s role in global correspondent networks, allowing direct and independent management of SWIFT payments. Future plans include connecting to TARGET Instant Payment Settlement (TIPS) for faster, multi-currency transfers involving Euros, Danish Crowns, and Swedish Crowns.

Additionally, ISXX has integrated with the Central Bank of Latvia and is finalizing connectivity with the Central Bank of Lithuania. This will diversify pathways and improve system redundancy, promising a positive short-term revenue impact.