Expertus and Ripple To Launch New Programme for Financial Institutions

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Expertus and Ripple are planning to launch a pilot program for financial institutions to test the capabilities of Blockchain and Ripple distributed financial technology.

The  program aims to offer financial institutions an efficient way to test Blockchain technology with minimal business process disruption and integration effort. The solution can be integrated into the bank’s existing payments infrastructure without the need for any changes.

“By providing this pilot program, we intend to help financial institutions move fast in the assessment of this new technology without the operational risk of a large-scale IT overhaul,”says Jacques Leblanc, president of Expertus. ”Several banks have already joined the program and have realized the benefits of blockchain. ”

“Joining forces with partners like Expertus allows us to make it even easier for banks and their customers to realize the benefits of distributed financial technology, says Steve Mollenkamp, Head of Channel Sales at Ripple. “The newly launched pilot program will contribute to the growth of the Ripple network, enabling even more financial institutions to improve their cross-border payments.”

The combination of Expertus Payment Platform with Ripple distributed ledger will help financial institutions to offer their clients real-time payment execution, transparency into fees and lower costs. The solution also enhances liquidity management for banks and their corporate customers and paves the way for global payment netting and settlement.

 

About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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