Bank of New York Leverages Ripple for Faster Institutional Settlement
Bank of New York Leverages Ripple for Faster Institutional Settlement
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Bank of New York (BNY) is integrating Ripple's technology to enhance its institutional settlement processes. This move aims to reduce friction in margin, collateral, and liquidity management, while ensuring operations remain compliant with regulatory and safety standards within traditional banking systems.
BNY's system is designed to reduce friction in margin, collateral, and liquidity management while keeping balances recorded in traditional bank systems to meet regulatory and safety requirements.
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