About
SOLATS (Solomons Automated Transfer System) is the real-time gross settlement (RTGS) system of the Central Bank of Solomon Islands, launched on 8 April 2024 with IFC technical support, funding from the governments of Australia and New Zealand, and implementation by Montran and Datec. Commercial banks such as ANZ Solomon Islands use it to settle interbank payments, replacing a manual cheque-based process that cleared around 15,000 cheques worth SBD 93 million a month. A 2025 Griffith University analysis found that interbank transfers which used to take two to three days now take around 10 minutes.
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