Ripple to Sponsor Corporate Financial Supply Chain Innovations Event
- Supply Chain Finance
- 08.02.2016 07:45 am
Global Financial Settlement Solutions Provider Ripple to Sponsor Corporate Financial Supply Chain Innovations Event in Greater Copenhagen April 26-27, 2016.
Ripple will present its distributed financial technology which allows for banks and their corporate customers around the world to directly transact with each other without the need for a central counterparty. Magnus Lind, founder of Treasury Peer and co-founder of The Talent Show: “The Talent Show connects the corporate community to innovations in the financial supply chain. The ambition is to present a very broad array of solutions and to spark curiosity and creativity.”
The Talent Show brings together the most assertive and progressive innovators with corporate executives having responsibilities along the supply chain. The purpose is to improve and speed up the transition from old time financial transacting, to new collaborative and efficient, real-time, transparent ways of working throughout the whole ecosystem.
Chris Larsen, CEO and co-founder of Ripple adds: “Today’s financial infrastructure is inefficient, meaning that in addition to the expected costs of processing, FX and operations, corporates sending cross-border payments also face high opportunity costs – the cost of keeping money in transit or in bank accounts around the globe. Distributed ledger technology like Ripple can significantly lower the total cost of settlement for banks and their corporate customers.”
Corporate treasury, finance, procurement and sales are challenged by a megatrend consisting of many large game changers from the disruption of the financial supply chain (read: FinTech). The changes won’t go by unnoticed at corporations.
Danny Aranda, Director of Business Development at Ripple: “I’m excited to participate in the Talent Show to share our vision for how the corporate community can benefit from a lower total cost of cross-border settlement. Imagine a world in which corporations no longer need to pre-fund accounts and banks can offer instant cross-border payment services.”
André Casterman, advisory board, at The Talent Show: “We are delighted to welcome Ripple to The Talent Show. The feedback of the corporate community on such advanced technology innovations will be invaluable to all parties in the financial supply chain.”