By Our Reporter
SWIFT has announced that 22 additional global banks have joined its block chain Proof of Concept (PoC), designed to validate whether the technology can help banks reconcile their international nostro accounts in real time. The PoC is part of the SWIFT gpi (global payments innovation) service, the new standard for cross-border payments.
“Collaboration is the cornerstone of innovation. This new group of banks allows us to greatly extend the scope of multi-lateral testing of the block chain application and thus add considerable weight to the findings. We warmly welcome the new banks and look forward to their insights,
