Expertus and Ripple Reveal Blockchain Pilot Program for Financial Institutions

Expertus and Ripple Reveal Blockchain Pilot Program for Financial Institutions
07.06.2016 07:30 am

Expertus and Ripple Reveal Blockchain Pilot Program for Financial Institutions

Blockchain , Banking , IT Innovations , Infrastructure

Expertus and Ripple, today announced that they have launched a Pilot Program for Financial Institutions that want to test the capabilities of blockchain and Ripple distributed financial technology.

The Pilot Program offers financial institutions a lean way to test blockchain technology with minimal business process disruption and integration effort. The solution can be integrated into the bank’s existing payments infrastructure without the need for any changes.

The combination of Expertus Payment Platform with Ripple distributed ledger will enable financial institutions to offer their clients real-time payment execution, complete transparency into fees and lower costs. The solution also enhances liquidity management for banks and their corporate customers and paves the way for global payment netting and settlement.

'' By providing this pilot program, we intend to help financial institutions move fast in the assessment of this new technology without the operational risk of a large-scale IT overhaul,''says Jacques Leblanc, president of Expertus. ''Several banks have already joined the program and have realized the benefits of blockchain. ''

“Joining forces with partners like Expertus allows us to make it even easier for banks and their customers to realize the benefits of distributed financial technology, says Steve Mollenkamp, Head of Channel Sales at Ripple. “The newly launched pilot program will contribute to the growth of the Ripple network, enabling even more financial institutions to improve their cross-border payments.”

Expertus-Ripple enabled solution will be showcased at EBAday forum from June 7-8 in Milan, Italy, and at Canadian Payments Panorama conference from June 15-17 in Calgary, Alberta.

Related News

Reale Mutua issues its first fully digital surety bond as part of the national project "Fideiussioni Digitali" promoted by CeTIF, SIA and Reply

Reale Mutua is set on being a pioneer in the new process of managing surety  bonds through blockchain for greater efficiency, transparency and security... Read more »

Panxora backs ClinTex to raise $7 million USD and provide faster access to medicines

Panxora, the digital asset treasury management service, announced it will support ... Read more »

Ant Group unveils new technology brand AntChain and all-in-one workstation AntChain Station for express blockchain deployment

Ant Group, a leading provider of financial services technology, and the parent company of China’s largest mobile payments business Alipay,... Read more »

Global Blockchain Gurus to explore the future of Blockchain and Crypto in Asia

Having hosted multiple high-level conferences across the world, World Blockchain Summit (WBS) has established itself as World’s biggest and most-... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel