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