#Cyprus #Nicosia #ISX Financial #Central Bank #T2 Access

ISX Financial EU Plc Achieves Significant Milestone with T2 Access

On October 14, 2025, ISX Financial EU Plc, an electronic money institution (EMI), proudly announced it has been granted access to the T2 (Real-Time Gross Settlement) platform by the Central Bank of Cyprus (CBC). This significant achievement marks a pivotal moment for ISX Financial, placing it at the forefront of non-bank participants in the European payment landscape.

What is T2?

T2 is the Eurosystem’s Real-Time Gross Settlement system that enables financial institutions to carry out high-value payments in euros on a real-time basis. Being a direct participant of T2 allows ISX Financial to manage its liquidity directly on its Eurosystem central bank accounts, thus enhancing operational independence and efficiency.

Enhanced Operational Independence

With T2 access, ISX Financial no longer relies on a sponsor bank to facilitate liquidity movements, which is typically required of electronic money and payment institutions. This operational independence enables ISX Financial to quickly respond to its liquidity needs, thereby reducing operational risks and increasing credibility with counterparties. Nikogiannis Karantzis, ISX Financial's CEO, emphasized the importance of this development, stating, "As a direct T2-RTGS participant, we enhance the trust of our counterparties and broaden the range of services we can offer our clients."

Cross-Border Payment Capabilities

Moreover, T2 access allows ISX Financial to manage its own SWIFT payments through its infrastructure for cross-border transactions. The company will soon be able to send and receive euro payments directly to and from other financial institutions that are connected to the central bank, without relying on the SWIFT/BIC infrastructure of a sponsor bank. This enhancement strengthens ISX Financial's engagement in global correspondent banking networks and expands its cross-border capabilities.

Future Connectivity with TIPS

The future looks even brighter as ISX Financial is set to gain access to the TARGET Instant Payment Settlement (TIPS) system, enabling it to settle instant payments between the euro (€) and other currencies such as the Danish krone (DKK) and the Swedish krona (SEK) directly through the respective central banks. This will not only reduce costs but also significantly improve settlement speeds and mitigate counterparty risk.

In addition to its T2 access, ISX Financial has already established connections with the Bank of Latvia and is nearing completion of its integration with the Bank of Lithuania, further diversifying its paths and ensuring system redundancy. These strategic moves are expected to positively impact ISX Financial's revenue streams in the short term.

About ISX Financial EU Plc

Based in Nicosia, ISX Financial EU Plc is a leading banking technology company licensed as an electronic money institution by the Central Bank of Cyprus and regulated in the UK by the Financial Conduct Authority. CEO Nikogiannis Karantzis brings over 30 years of extensive industry experience in secure digital businesses, including telecommunications, IPTV, payments, and electronic money. He holds degrees in engineering, law, and business studies and is a registered Trans Tasman IP Attorney and Fellow of Engineers Australia.

With the new capabilities that come with T2 access, ISX Financial is poised to revolutionize its operations and offer enhanced financial services to its clients, securing its place as a crucial player in the European financial ecosystem.