Interview: Darryl Twiggs, SmartStream – the time is right for blockchain
Now is the right time to embrace blockchain.
Now is the right time to embrace blockchain.
Deutsche Bank shares lessons learnt.
The project is one of the first of its kind in New Zealand.
SmartStream Technologies, the financial transaction lifecycle management (TLM) solutions provider, has unveiled its latest reconciliations solution.
As part of its global payments innovation initiative, Swift and a group of banks have been trialling distributed ledger technology (DLT) in the reconciliation of nostro databases in real-time.
UK-based Raphaels Bank has chosen FIS’s reconciliation solution to help extend access to Faster Payments. Earlier this year, Raphaels Bank became the first new member of the Faster Payments Scheme (FPS) since its inception in 2008, stating its “aim was to improve access to the scheme”. The bank offers a sponsorship model for “instant connectivity” […]
Austria’s Raiffeisen Bank International (RBI) has gone live with new cash and liquidity reporting software, SmartStream Technologies’ Corona. The bank has taken “a proactive approach to Basel III” – being the first in the region to do so, said the vendor. The new centralised solution will help to monitor and manage cash positions on an intraday basis, throughout the RBI group.
Australia and New Zealand-based banking group, ANZ, is trialling a shared ledger in the reconciliation of international payments with an unnamed US bank. ANZ says it is not strictly using blockchain but the shared ledger will act in a similar way. Its objective is to reconcile cross-border payments between counterparties in real time. Nigel Dobson, […]
Australian broker Macquarie Futures has begun using a cloud-based reconciliation service from Gresham Computing and Amazon Web Services, which the broker says will help it to make its North American derivatives business more efficient.
Global regulatory pressure and the shift to real-time processing are causing banks and major financial institutions to rethink how they handle reconciliation, according to a new report by financial research house Aite.