LHV Bank has broken new ground in UK banking by becoming the first institution in the country to join the RT1 platform as a direct participant, enabling it to process SEPA Instant Credit Transfers (SCT Inst) in real time.
Until now, UK banks seeking real‑time euro payments have accessed the RT1 scheme only indirectly, which permitted them to serve end users but prevented them from offering payment services to other financial institutions. By integrating directly, LHV Bank removes that limitation and gains full connectivity to the SEPA network, bypassing correspondent banking relationships and third‑party intermediaries.
This strategic upgrade strengthens LHV Bank’s cross‑border payment capabilities, allowing it to deliver faster, more cost‑effective and scalable services.
Erki Kilu, CEO of LHV Bank, said: “This is a technical upgrade and strategic step forward. We’re helping to shape the next generation of cross‑border payments, and direct participation in SCT Instant strengthens our standing as a trusted partner for fintechs and internationally focused businesses.”
The announcement follows several other recent milestones for LHV Bank, including the launch of its UK retail banking offering in May, recognition as one of the Sunday Times’ Best Places to Work, and success at the ICA Compliance Awards, where it secured two wins in June.
