SWIFT India Partners with MonetaGo to Trial Distributed Ledger Technology | BTCMANAGER
22 Nov 2018 12:30 PM GMT
SWIFT India, a joint venture between the Society for Worldwide Interbank Financial Telecommunication (SWIFT SCRL) and international and Indian Banks, recently partnered with MonetaGo, a fintech company, to trial distributed ledger technology (DLT). According to the press release published on November 20, 2018, �the DLT network will help improve the?
- SWIFT India, a joint venture between the Society for Worldwide Interbank Financial Telecommunication (SWIFT SCRL) and international and Indian Banks, recently partnered with MonetaGo, a fintech company, to trial distributed ledger technology (DLT).
- Although SWIFT India is a very large interconnected banking organization, which includes many large banks such as the Bank of India, and the State Bank of India, SWIFT India’s CEO, Kiran Shetty is very confident with MonetaGo’s ability to implement the DLT pilot.
- Shetty decided to trust MonetaGo, a fintech startup, due to their expertise with fraud mitigation solutions, and their previous work with Indian Factoring Exchanges and Banking Authorities.
- Furthermore, MonetaGo has demonstrated the effectiveness of blockchain technology to Indian Banking Authorities and Major Banks.
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