Khaberni - The Central Bank of Jordan announced today the launch of the Real-Time Gross Settlement System (RTGS-JO) through a closed network (VPN), which aims to enable banks to execute financial transfers immediately and securely. The system relies on a local closed network within the kingdom to enhance security levels and ensure the protection of financial data, in addition to reducing reliance on external networks and ensuring operational continuity even in cases of emergencies or international disruptions.
The Central Bank emphasized that the system in its new form contributes to enhancing the execution of financial transfers between banks, reducing operational risks, and improving the efficiency of banking services provided to citizens and companies. Furthermore, the system supports efforts towards digital transformation in the financial sector, helps to reduce operational costs, and bolsters the stability of the financial system in Jordan.
This step comes as part of the Central Bank's pursuit to develop financial infrastructure and provide safer, more reliable digital services, keeping pace with global developments in financial communications.
