Watch Out Ripple, SWIFT Says Its Fastest Remittance is Down to 13 Secs

SWIFT says it conducted a successful trial of instant cross-border transfers in Asia. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced a successful trial of instant cross-border transfers in Asia in a press release published on July 18. Per the release, the trial performed instant payments between 17 banks located in Australia, China, Canada, […]

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IBM & Australian Banks Pilot Lygon Bank Guarantee Blockchain Solution

IBM and Scentre Group, a company that manages shopping centers, have teamed up with an association of Australia-based financial services companies in launching a pilot program that encodes retail lease bank guarantees onto a private blockchain, according to an IBM press release. With participation from organizations including ANZ, Commonwealth, and Westpac banks, Lygon was launched […]

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