Synechron rolls out cloud-based blockchain applications
Among them is an accelerator for global payments that enables payment to banks in a single reserve
Synechron, a global financial services consulting and technology services provider, has launched a blockchain accelerator for global payments to reduce the costs associated with the growing volume of transferring money between counterparties.
One of six cloud-based applications, the payments accelerator enables firms to pay banks with a single reserve, which in turn reduces fees. The service will be rolled out on September 20.
"In over-the-counter derivatives, margin calls are going to be
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