UK-based LHV Bank has become a direct participant in the RT1 platform, a pan-European real-time gross settlement payment system.

Broadening Real-Time Payment Capabilities

This move enables LHV Bank to process SEPA Instant Credit Transfers (SCT Inst) in real time. Unlike other UK institutions that provide access to EUR payments through the RT1 scheme indirectly, limiting their service primarily to end users without offering solutions to other financial institutions, LHV Bank can operate more freely.

Enhancing Cross-Border Payment Services

The integration with the SCT scheme helps LHV Bank offer a straightforward connection within the SEPA environment. This participation reflects the bank’s dedication to improving its cross-border payment capabilities and providing more cost-effective and efficient services. It also facilitates an upgrade that eliminates the need for correspondent banking relationships or third-party intermediaries.

Partnership and Future Developments

This development aligns with a series of recent advancements by LHV Bank, including the launch of retail banking in the UK market in May 2025. Additionally, it supports its collaboration with Salt Edge and Tuum, which have allowed financial institutions across Europe to access Open Banking features more quickly and securely while integrating seamlessly into an API-first and modular core banking platform.

By committing to ongoing innovation and compliance, LHV Bank aims to meet the evolving needs of its clients and partners in line with European and global industry standards, laws, and regulatory requirements.