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CBB launches secure private network for financial institutions

Bahrain Business
Wed, 07 Mar 2018
BNA


Manama: As part of Central Bank of Bahrain's (CBB) efforts to boost the kingdom's banking sector and meet the international Payment and Settlement System standards, CBB has launched a secure private network to connect all retail banks in Bahrain with the CBB. This secure network will act as the primary communication hub to perform Real Time Gross Settlement (RTGS), while retaining the existing SWIFT network as a contingency backup.

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