Daily Fintech Conversations

Corda powered SWIFT GPI Link could be a game-changer in global trade finance

Originally published at: https://dailyfintech.com/2019/10/04/corda-powered-swift-gpi-link-could-be-the-future-of-global-trade-finance/

In September, SWIFT – the inter-bank messaging firm, announced the successful proof of concept (PoC) of the “GPI Link” platform in collaboration with R3. The SWIFT Global Payments Innovation (GPI) platform has previously trialled Hyperledger without much luck. However, with R3’s growing network of corporates, the pilot seems to have gone better. The pilot also…

Trade Finance is such a huge money spinner for the banks and massively inefficient. In short it is a window of opportunity big enough to drive a truck through and it is SWIFT’s game to lose.