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Ripple partners with Clear Junction to enhance UK and EU cross-border payments

6 iunie 2024

Ripple, the leader in enterprise blockchain and crypto solutions, announced a new partnership with Clear Junction, the global leader in cross-border payments solutions for regulated institutions. The partnership will see Clear Junction facilitating instant and secure GBP and EUR-denominated payout coverage for Ripple’s payments customers. ‘A host of new currencies are scheduled to be switched on for Ripple customers later this year.” – according to the press release.

Clear Junction is a great fit for Ripple,” said Cassie Craddock – Managing Director, Europe at Ripple. “From the word go, it was able to support all of our use cases, including providing GBP and EUR payout coverage for our clients sending payments into the UK and European Union.

As an FCA-authorised e-money institution in the UK, Clear Junction’s operational strengths give its partners the reassurance that their funds are secure and protected by necessary payment industry and data security safeguards. Clear Junction gained ISO 27001 certification, the highest global data security standard that businesses can achieve, as further evidence to the operational security principles it is committed to.

Dima Kats, Founder and CEO at Clear Junction: “Blockchain technology and cryptocurrencies will definitely be at the core of the evolution of correspondent banking and we are happy to partner with Ripple to be a part of this process. This partnership is a great example of two institutions coming together to augment their respective products and services.”

„Ripple Payments provides the enterprise-grade infrastructure required for businesses to leverage blockchain easily for faster, cheaper, more efficient cross-border payments without needing to be an expert. It delivers a superior end-to-end customer experience, simplified network partnering, liquidity management solutions, lines of credit, and state-of-the-art infrastructure to enable real-time payments.” – the company said.

Today, Ripple serves hundreds of customers in over 55 countries and on six continents, with payout capabilities in over 80 markets representing more than 90% of the global FX market.

Established in 2016, Clear Junction services enable quick and safe access to multi-currency payment accounts, e-money accounts, virtual IBANs and treasury services for regulated financial institutions. By working with Clear Junction, clients can shorten the time to market they typically face when establishing banking relationships, access new markets, and tap into game-changing technologies and expertise.

„Over the years, we have worked tirelessly to build and develop our own proprietary technology to facilitate an end-to-end regulated payments solution. We are licensed and regulated by the Financial Conduct Authority and have offices in multiple locations across the UK and Europe.” – the company said.

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:

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In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?