Finastra, a start up financial services company is set to integrate with the Ripple Network. The start up has connections to a large pool of major banks and will allow faster and cheaper cross border payments.
The 200+ existing partners will have access to Finastra’s network of global banks allowing customers to access and partner with each other. This partnership will boost integration of Ripple Network with Finastra’s banking network with faster upgrades for any bank who wants to join. End to end tracking and monitoring will also be included as a feature.
As foreseen, users will be able to use Ripple’s new product called On-Demand Liquidity which utilizes the XRP digital asset.
Finastra has been an active player and has added BNP Paribas, Natixis and Societe Generale to its R3 Corda syndicated loans service.
