StanChart joins the SWIFT gpi block chain Proof of Concept

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 i