Ripple has entered an official partnership with one of the biggest financial services technology company in the world – Finastra. The Ripple Finastra partnership will see Finastra customers get access to the RippleNet blockchain network.
Yesterday, the cooperation became more than rumors and now officially, over 200 of Ripple’s current clients will be able to make use of Finastra’s banking network, which is basically 48 out of 50 of the world’s top banks.
Finastra might sound like a new company to many, because it was formed back in 2017. The company is a merger between the famous Misys and D+H. The newly formed Finastra quickly became known as a behemoth in the global financial software world.
The Fintech Times report shows that the Ripple Finstra partnership will allow clients to transaction cross-border with end-to-end tracking with a very transparent monitoring of fees, status and delivery time.
Speed will be tackled by hosting all customers on Ripple’s cloud solution. Additionally, clients will be able to make use of Ripple’s XRP-powered On-Demand Liquidity solution. According to Ripple, this solution offers a 3-second settlement time for all international payments.
Riteesh Singh, the Senior Vice President of Finastra stated:
“Our collaboration with Ripple aims to inform clients that our company strongly believes that the future of finance is open.”
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