TLDR:
- Quant is testing synchronised multi-bank treasury operations in the Bank of England RT2 Lab.
- Treasury actions like liquidity rebalancing will execute as single atomic settlement bundles.
- Quant Flow automates multi-bank cash movements using PayScript® for auditable workflows.
- Participation is experimental; it does not indicate endorsement or policy adoption by the Bank.
Quant selected to participate in the Bank of England’s Synchronisation Lab marks a new stage in the firm’s work on programmable settlement infrastructure.
The company will test synchronised payment techniques inside the Bank of England’s simulated RT2 environment. The programme forms part of the RTGS Future Roadmap after the renewed core ledger and settlement engine went live.
The initiative focuses on experimentation rather than policy direction or endorsement.
RT2 Synchronisation Lab and Atomic Multi-Bank Settlement
Quant selected to participate in the Bank of England’s Synchronisation Lab enables structured testing within a controlled RT2 simulation.
The Lab allows participants to assess synchronisation models for future payment and settlement workflows. It operates in a non-live environment following delivery of the renewed RTGS core.
A spokesperson for Quant said participation centres on a practical corporate treasury scenario. “The Synchronisation Lab provides a simulated RT2 environment in which participants can explore how synchronisation techniques could support future payment and settlement workflows,” the spokesperson stated.
Quant’s proposed use case focuses on synchronized multi-bank treasury rebalancing. Large corporates and upper-SMEs often manage liquidity across several domestic banks. Treasury teams currently execute independent CHAPS or high-value transfers to rebalance positions.
According to Quant, this sequential structure introduces operational constraints. “This sequential model introduces structural challenges, including partial settlement risk, intraday liquidity buffers, manual intervention, and complex reconciliation,” the company noted.
Quant Flow and Programmable Treasury Orchestration
Quant selected to participate in the Bank of England’s Synchronisation Lab builds on its enterprise platform, Quant Flow.
The platform orchestrates multi-bank cash movements using PayScript®, a domain-specific language for auditable financial workflows.
Within the simulation, Quant Flow packages treasury actions into a synchronised settlement bundle. “Each participating bank prepares and reserves funds before settlement, with all legs committed together or not at all,” the company explained.
Quant said the prepare-and-commit structure changes treasury execution mechanics. “This prepare and commit approach removes the failure modes inherent in sequential transfers and enables deterministic finality across multiple banks in a single treasury action,” the spokesperson added.
The company also clarified the scope of its participation. “Participation in the Synchronisation Lab involves experimentation and technical validation within a non-live environment,” Quant stated.
It added that involvement does not represent approval, endorsement, or adoption by the Bank of England, and future deployment remains independent of the Lab.
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Source: https://blockonomi.com/quant-joins-bank-of-england-synchronisation-lab-for-multi-bank-treasury-testing/
