Financial services, payments, streamlining inefficient processes is in our blood. So, it’s no surprise my colleague and contributor to this article, Nitin Gaur and his team, tackled the unthinkable four years ago by building
a global payment network addressing remittance and interbank payments.
As if that wasn’t challenge enough, the team also designed it for the various regulatory and compliance requirements with robust payment
operations, aiming to break all conventional mindsets to become more open and transparent.
The pandemic has forced many businesses and industries to reevaluate their strategies, customers, and teams. Our cross-border
payment network, also known as IBM World Wire, was no different. We took a closer look at the landscape and strategic priorities of operationalizing a payment network and licensing. So, in late 2020, we shifted our
focus from running a network to taking the learnings and applying it to our clients as service accelerators for our financial institution clients and payment providers.
This is a cutting-edge network for cross-border payments, utilizing the Stellar-powered blockchain network. The core value of this network is to address the cost and friction in cross border payments.
As an alternative
payment rail, it aims to reduce cost, remove friction, assert efficiency in settlement. Starting with money transfer operators (MTOs), this network aims to expand to other payment streams including B2B, banks and corporate
payments.
We designed the original IBM World Wire to reduce the cost and friction in cross-border payment. We are happy to share it with the open source community. Here’s a look:
This network is an application programming interface (API) payments product that is aimed to support the money transmission services of financial institutions. These software services use the blockchain network and the APIs.
IBM serves as the network operator and hosts validator nodes. Transactions between participants are processed according to the consensus algorithm defined by the blockchain network.
As the network operator, IBM
created network accounts in participants’ names and under participants’ control, including for the exchange of funds and value transfers. These accounts are designated solely for use in conjunction with IBM’s software services.
Spring in Japan lasts from about mid-March to May, depending on the location. The weather in spring is notoriously fickle, with temperatures ranging from approximately 40 to 65 °F (4 to 18 °C). On some days you may still want
your winter coat, while on other days you may not even need a sweater.
Spring is Japan’s most famous season, and is symbolized by the iconic sakura (cherry blossoms), which typically bloom sometime between the second
half of March, and the first half of April (sakura bloom schedules, too, vary significantly depending on location).
The best time to visit Japan to see the cherry blossoms is in April and May, when the trees are
in full bloom and the flowers are at their pinkest.
Without a shadow of a doubt, we receive far more inquiries for travel to Japan around cherry blossom season than for any other time of year. In fact, it is such
a popular time to visit that we are often forced to stop even considering new inquiries months and months in advance.
While the beauty of the cherry blossoms in bloom is undeniably alluring, whether or not flower
viewing in Japan is worth the potential downsides is not quite as clear!
Amongst the recent milestones that made the headlines
Read moreThis is a cutting-edge network for cross-border payments, utilizing the Stellar-powered blockchain network. The core value of this network is to address the cost and friction in cross border payments.
As an alternative
payment rail, it aims to reduce cost, remove friction, assert efficiency in settlement. Starting with money transfer operators (MTOs), this network aims to expand to other payment streams including B2B, banks and corporate
payments.
We designed the original IBM World Wire to reduce the cost and friction in cross-border payment. We are happy to share it with the open source community. Here’s a look:
This network is an application programming interface (API) payments product that is aimed to support the money transmission services of financial institutions. These software services use the blockchain network and the APIs.
IBM serves as the network operator and hosts validator nodes. Transactions between participants are processed according to the consensus algorithm defined by the blockchain network.
As the network operator, IBM
created network accounts in participants’ names and under participants’ control, including for the exchange of funds and value transfers. These accounts are designated solely for use in conjunction with IBM’s software services.
The diseases most commonly seen in travellers are diarrhoea, malaria (if you travel in a malaria-infested area), accidents (when travelling by automobile or swimming), wound infections and…
Read moreThe diseases most commonly seen in travellers are diarrhoea, malaria (if you travel in a malaria-infested area), accidents (when travelling by automobile or swimming), wound infections and…
Read moreThe diseases most commonly seen in travellers are diarrhoea, malaria (if you travel in a malaria-infested area), accidents (when travelling by automobile or swimming), wound infections and…
Read more