Deutsche Bank has launched EverOn, a new global payments solution that enables clients to process US dollar (USD) cross-border book transfers 365 days a year.

By taking a step towards removing the traditional barriers of banking hours, cut-off times and holiday closures, this aims to address institutional clients’ growing demand for faster, more reliable and uninterrupted payment capabilities.

“As one of the world’s largest clearers, Deutsche Bank is well placed to set new standards for efficiency and reliability in global payments – standards that are increasingly defined by clients’ expectations for the same immediacy in cross-border transactions as in domestic real-time systems,” said Ciaran Byrne, Global Head of Product Management and Client Solutions, Institutional Cash Management, Deutsche Bank. “Ever-On not only meets this demand but also enables financial institutions, corporates and investors to unlock new opportunities by making payments truly always-on.”

This development is not happening in isolation but reflects a broader, coordinated industry shift. Over the past few years, global payment market infrastructures have undergone significant transformation with the migration to ISO 20022. By enabling richer, structured data in high-value payment messages, the ISO 20022 standard has laid the groundwork for greater transparency, automation and interoperability in payments.

Building on these foundations, the next step is likely to be an extension of operating hours for real-time gross settlement (RTGS) systems. This evolution is already under active consideration in the US, Europe and beyond, but poses complex monetary, operational and technical challenges for the industry that could take three to five years to overcome.

“EverOn bridges the gap between today’s demand for round-the-clock availability and the next stage of RTGS evolution”
Ciaran Byrne, Global Head of Product Management and Client Solutions, Institutional Cash Management, Deutsche Bank

“Ever-On bridges the gap between today’s demand for round-the-clock availability and the next stage of RTGS evolution,” added Byrne. “In doing so, the solution supports liquidity and working capital management by ensuring payments – whether in Asia-Pacific, the Middle East, Europe or the Americas – are processed when clients and their counterparties need them most.”

In its first phase, the Ever-On solution will only support USD payments, but a subsequent phase is planned to include euro processing.