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BIS and BoE complete Project Meridian pilot test for synchronized payment settlement

BIS and BoE complete Project Meridian pilot test for synchronized payment settlement
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BoE completes 'synchronised' property payments prototype    – Mortgage Strategy

The Bank of England has completed a digital settlement prototype that aims to speed up payments for consumers, firms, the Land Registry and the wider property market. Completing the UK’s more than one million property transactions a year requires both the transfer of large sums of money and the need to update the ....

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