Ripple Inks New Partnership with Major London Bank Finastra
A London-based fintech solutions provider, Finastra is the latest to confirm its partnership with San-Francisco based Ripple, enabling cross-border payments using RippleNet.
On October 09, 2019, the fintech giant announced via its official website, stating that the “collaboration will enable financial institutions using Finastra’s solutions to make fast and reliable cross-border payments”.
Great news! Through partnership w/ @Ripple our customers can connect & transact with RippleNet partners – more than 200 financial institutions worldwide for fast cross-border #payments. #blockchain https://t.co/KMO4z6vRe1
— Finastra (@FinastraFS) October 9, 2019
It’s no secret that Ripple is on its race to bring major fintech providers under its RippleNet Zone. However, Finastra is a global financial solution provider that will now offer its hundreds of customers the cross-border services based on Ripple’s global blockchain payment network, RippleNet. Finastra’s customers will now able to use a cloud-based solution that connects with other payment networks and allow faster upgrades. Moreover, it also offers “On-Demand Liquidity” that leverage XRP to perform cross-border transactions.
Ripple currently has over 220 customers, in fact, Ripple’s executive (during Ripple’s partnership deal with Pakistan based Faysal Bank Limited) mentioned that Ripple now counts around 250 customers, but the official release on the complete list of RippleNet customers is yet to be revealed by Ripple. However, with the addition of Finastra which currently processes millions of transactions each month, over 220 customers of Ripple will now provide mutual service for Finastra’s customers.