Finastra has partnered with Ripple blockchain solutions for using blockchain technology for its cross border transactions.
The contract will facilitate Finastra customers with efficient and speedy operations using Ripple’s blockchain-based cloud network. Ripple will induce its RippleNet network for providing the blockchain services.
The strategic collaboration will benefit hundreds of financial institutions of Ripple to connect with Finastra’s vast global network of customers. The customers from both the firms will access each other’s resources and will transact for mutual gains.
Blockchain Technology: a Boon for the Banking Sector
Blockchain technology records and validates every ongoing transaction without third party interference. It is thus, decentralized in nature with optimum…