Partior
1. Problems/Challenges it aims to solve
Aims to address pain points related to multi-currency and cross-border payments: speed of transactions, accessibility, and transparency in the financial sector.
2. Solutions
blockchain platform for payments clearing and settlement that grew from the Project Ubin collaboration, and founded by J.P. Morgan, DBS and Temasek, with the backing of MAS, to achieve end-to-end atomic settlements in multiple currencies, and replace the sequential approach to payments settlement.
The platform aims to make digital clearing and settlement more efficient, reliable and secure for financial institutions worldwide by leveraging the key benefits of programmability, immutability and traceability, inherent features of blockchain and distributed ledgers, and aims to address multi-currency and cross-border payments pain points.
--> Open industry platform that enables multi-currency clearing and settlement over blockchain
Services Offered:
Multi-currency clearing and settlement
FX Payment vs Payment (PvP)
FX Intraday Swaps
Delivery vs Payment (DvP)
3. Target Customers
Commercial banks,
Central banks,
Market infrastructure entities
4. Key Points
5. People
Abhinav Goel - Product Director
6. Resources
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