Earthport Launches Distributed Ledger Hub

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Santander International Payments App Concept and earthport blockchain To provide customers easier, quicker and more transparent ways to move money abroad, Santander became the first UK bank to use blockchain, enabling customers to make faster and cheaper international payments.

The service is currently available to UK based staff through an internal iOS app pilot. Earthport blockchain behind At the moment, money transfers abroad tend to take several days, and earthport blockchain can never be sure how much money will arrive in an overseas account, as various lifting earthport blockchain are applied by banks and taken along the way earthport blockchain an opaque process.

More and more is being done through mobile and online. The need for financial services earthport blockchain evolved from providing a physical Pound in your pocket or card in your purse, and accept it at a till, to being seamlessly integrated into a new, always on, connected lifestyle.

At Santander we work hard to ensure our banking is simple, personal and fair and believe new blockchain technology will play a transformational role in the way earthport blockchain achieve our goals and better serve our customers, adding value by creating more choice and convenience. State of competition Digital payment businesses, such as TransferWise, Hi-Fx and others are currently providing exciting new International Payment propositions, therefore challenging banks to deliver new and innovative ways to enhance customer experience and better serve their customers.

Customers are at the heart of what we do, so we welcome competition in this space, as ultimately it ensures the customer has access to a range of providers who are all looking to finesse their products and services, making them as cost effective, simple and user friendly as possible.

Departments involved Developing complex services require new thinking and contribution from all earthport blockchain of earthport blockchain business including Accounting Controls, Compliance, and Financial Crime not to mention Infosec and the Technical Development and Implementation.

We are lucky to have commitment from across the business, all departments genuinely believe in our innovation agenda. Main results so far. Initially, this is only a UK staff pilot, so Santander employees are the user group.

Being an international company with many foreign nationals having accounts overseas means we have seen a positive uptake of the technology and usage figures are growing daily.

You must be logged in to post a comment. You are facing technical issues? Please contact helpdesk efma. United Kingdom Launch date: Presentation The reason behind Uniqueness Implementation Project organization Results Investments Medias External links Presentation Santander International Payments App Concept and objectives To provide customers easier, quicker and more transparent ways to move money abroad, Santander became earthport blockchain first UK bank to use blockchain, enabling customers to make faster and cheaper international payments.

Did you find it innovative? Do not hesitate to give us your thoughts! Cancel Reply You must be logged in to post a comment. Log Earthport blockchain to your account. Register You are facing technical issues?

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