Italian banks pioneer the use of Corda Enterprise for interbank reconciliation—opening the way to a full production roll-out
Italian banks pioneer the use of Corda Enterprise for interbank reconciliation—opening the way to a full production roll-out
8 PagesCase Study Italian banks pioneer the use of Corda Enterprise for interbank reconciliation—opening the way to a full production roll-out speed and transparency while reducing cost and effort. With the proof-of-concept successfully com- pleted, the group is now working towards testing the solution in daily operations across the entire Italian banking sector (around 200 banks) in 2019. Harnessing Technology and Collaboration to Transform Interbank Reconciliation For decades, the process of reconciling transactions with other banks has been a significant burden for financial institutions in Italy and many other countries. This is because the task of identifying and addressing inconsistencies has been hampered by a lack of standardization, piecemeal and fragmented communication m
