Crypto Means Business

Live from Sibos: Bankers Talk Ripple

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Sibos gives us an opportunity to hear directly from global banks, face-to-face, about their use cases for Ripple’s solutions. In these videos from Geneva, clients share how they are using Ripple for global real-time settlement.

Phil Griffiths, Senior Vice President, Global Transaction Banking at CIBC, talks about how Ripple can move payments as quickly and easily as an email. He also talks about the simplification of internal bank processes, and the way that CIBC has focused on how they can better serve their customers through greater efficiency.

Mike Baldwin, Head of Transactional Solutions, Global Transactional Services at Westpac Institutional Bank, on Westpac’s use case for high-volume, low-value cross-border payments. Australian remittances total over $7 billion per year, making remittances a top priority for Westpac.

Gautam Jain, Global Head, Digitization and Client Access, Transaction Banking, Standard Chartered Bank, details using Ripple for corporate disbursements, and the future of payments and settlement technology. As he puts it, “You wouldn’t wait five seconds for a web page to load. Why would you wait three days for a payment to settle?”

Ramana Kumar, Managing Director and Head of GTB Business and Product Management at National Bank of Abu Dhabi (NBAD) shares how NBAD is working to meet customer needs for cross-border payments through Ripple’s solutions.

Sibos day one saw standing room only crowds for demonstrations of Ripple’s solutions and a great deal of traffic to our booth at F60. Stay tuned for more from the biggest event of the year in payments!

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