The Innovators 2015 - Transactions Services, is Global Finance's annual listing of key innovations in treasury and transaction services.

Author: Denise Bedell
Fidor Bank Logo
https://www.fidor.de/

Block Chain Solution | Global Money Transfers

Category of Innovation: Product

Fidor Bank, based in Germany, is the first fully licensed bank to integrate an open source, distributed, consensus ledger (a blockchain, as is used with crypto- currencies) to make secure payments.

The bank integrated Ripple Labs’ block- chain protocol for payments and plans to use it as a backbone for global money transfers—and make use of its near-real-time settlement capabilities to support interbank payments.

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