Reading time: ~ 2 m
In a new article on its website, Finastra talked about using RippleNet with Fusion Total Messaging.
Finastra presented material on its website, where it talked about using RippleNet with Fusion Total Messaging:
Manage international payments easier with RippleNet through Fusion Total Messaging. Today, the world’s banks and corporations manage millions of payments. Connecting with counterparties and dealing with multiple currencies, languages, time zones and regulatory environments are big risks. Manual intervention further burdens resources and can lead to huge errors. Banks and corporations need technology to eliminate manual intervention, reduce risk, increase efficiency, and – perhaps most importantly – save time and money. Thanks to the Finastra and Ripple partnership, regulated financial companies and banks can connect to the RippleNet network through the Fusion Total Messaging adapter using standard FIN messages, allowing them to manage their file and message flows. Banks and non-banking institutions will save time and increase operational efficiency through global functionality, advanced end-to-end processing, web technologies, and advanced granularity and feature requests. Full integration with payment and treasury systems reduces the risks and costs associated with onboarding.
Finastra also named the reason for cooperation in such a plan with Ripple:
RippleNet allows you to quickly access new markets, expand your services and provide the best customer experience in global payments today. Finastra’s Fusion Total Messaging provides all the connectors, integrations and plugins required for conversion, matching and so on. It is also designed to accommodate the latest formatting of transaction banking standards, ensuring that our clients’ technology investments are protected both now and in the future. RippleNet through Fusion Total Messaging ensures that all of these benefits are brought together.
It was previously known that Sologenic created a large XRPL node to process transactions.
#Finastra #spoke #RippleNet #Fusion #Total #Messaging