Jordan Daily - The Central Bank of Jordan (CBJ) announced on Thursday the launch of a new Real Time Gross Settlement system (RTGS-JO), designed to enable banks to process financial transfers instantly and securely.
The system operates via a closed virtual private network (VPN) within the kingdom, aimed at strengthening cybersecurity and safeguarding financial data. It also reduces reliance on external networks and ensures continuity of operations during emergencies or international disruptions, CBJ noted in a statement seen by Jordan Daily.
The central bank said the upgraded platform would enhance the speed and efficiency of interbank transfers, lower operational risks, and improve the quality of banking services offered to individuals and businesses.
The RTGS-JO system also supports Jordan’s broader financial digitalization efforts, helping to reduce operational costs while reinforcing the stability of the country’s financial system.
The move comes as part of the central bank’s strategy to modernize financial infrastructure, deliver more secure and reliable digital services, and keep pace with global developments in financial communications.
