NACHA, the Electronics Payments Association, announced yesterday that its membership banks have approved a proposal that will enable same-day settlement through ACH for consumers and businesses among 12,000 financial institutions in the US.
In order to accelerate retail banking innovation and simplify payments, the European Commission is mandating standardized API access across the EU.
Ripple Labs is pleased to announce that we have raised $28 million in Series A financing. The round includes IDG Capital Partners, the venture arm of CME Group (the world’s leading derivatives marketplace), and global data storage company Seagate.
The European Banking Association (EBA) has published a new research paper analyzing the innovation and use cases of distributed consensus ledgers.
For Anthony Milas, a musician from New Zealand, market making on Ripple started as a curious hobby that developed into something more substantial.
For the world’s largest economy by GDP, the final challenge toward unification was always going to be figuring out how to allow money to move freely between European nations.
The office was established in response to growing demand for Ripple’s real-time settlement protocol in the region, and to more directly connect interested Ripple Labs partners in the US and Europe with Asian Pacific markets.
The inevitable rise of Southeast Asia means that digitizing banks and mastering cross-border payments is the key to Singapore's economic future.
While the financial services sector has begun adopting open protocols to enable interconnectivity, the payments sector has yet to adopt a fully open settlement protocol to enable global connectivity, leaving networks siloed and lacking interoperability.
What’s the silver bullet for financial inclusion? Is it a shiny new technology? Or a bold step forward by regulators?