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NACHA, FINASTRA and Ripple=Checkmate

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I've shared this previously, but this is a really insightful 2016 research report by Accenture on banking perspectives of blockchain/dlt. There are no single juicy takeaways but it provides an important background context of the space in which Ripple is working and highlights the primary hurdles they face. 

https://www.accenture.com/t20161019T015506Z__w__/us-en/_acnmedia/PDF-35/Accenture-Blockchain-How-Banks-Building-Real-Time-Global-Payment-Network.pdf#zoom=50

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14 minutes ago, OzAlphaWolf said:

I've shared this previously, but this is a really insightful 2016 research report by Accenture on banking perspectives of blockchain/dlt. There are no single juicy takeaways but it provides an important background context of the space in which Ripple is working and highlights the primary hurdles they face. 

https://www.accenture.com/t20161019T015506Z__w__/us-en/_acnmedia/PDF-35/Accenture-Blockchain-How-Banks-Building-Real-Time-Global-Payment-Network.pdf#zoom=50

I think the “juicy takeaways” are that, with hindsight, we can see that Ripple is “nailing it!”. The report states that creating a Network and Bank adoption is critical for success. I think that we can agree that Ripple, since 2016, are well on their way to achieving this. Not long to go now before we start to see the evidence of this. ?

 

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On 4/23/2018 at 1:52 AM, CryptoGerrie said:

Nice find!! @Kingsandqueens

Do you know they have a major event (PAYMENTS 2018) end of this month in San Diego?

https://payments.nacha.org/

Agreed! Very nice work @KingsAndQueens

And look what came out of last year's NACHA Payments 2017...

https://www.nacha.org/news/recipients-2017-nacha-payments-awards-named-payments-2017

Recipients of 2017 NACHA Payments Awards Named at PAYMENTS 2017

"AUSTIN, Texas, April 25, 2017 – NACHA—The Electronic Payments Association® today announced the recipients of its 2017 NACHA Payments Awards, which celebrate proven accomplishment and leadership in the payments industry and recognize and reward the payments innovations defining the future. The Payments Awards include the NACHA Excellence in Payments Award and the NACHA Challenge Awards."
 
"The award winners were recognized during the NACHA 2017 Payments Awards Luncheon, sponsored by TD Bank(link is external), during PAYMENTS 2017. The conference, which is the definitive destination for faster payments education, is being held now through April 26 at the Austin Convention Center in Austin, Texas."


"The NACHA Excellence in Payments Award 
The NACHA Excellence in Payments Award honors an individual or organization that has shown superior leadership and accomplishment in the development, implementation or advancement of domestic or international electronic payments."
 
"Presented to:

Earthport, which plays a pivotal role in facilitating high volumes of lower value cross-border payments for banks and businesses, providing them with a more cost-efficient, transparent and reliable solution for managing payments internationally. "

 

And what happened in 2016?

https://ripple.com/insights/earthport-launches-distributed-ledger-hub/

"Earthport Launches Distributed Ledger Hub"

Jan 12, 2016 | Meghan Elison

"Ripple partner Earthport has announced the launch of an API that makes banks’ connection to Ripple for cross-border payments more convenient and accessible for smaller institutions."

"Clients can access a network of over 60 countries through Earthport’s API, which facilitates near-instant and cost-effective transfers in fiat currencies. Little by little, the Internet of Value is becoming a reality."

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