NAB forms international bank innovation network
National Australia Bank (NAB) has signed agreements with two leading global financial institutions – Israel’s Bank Leumi and the Canadian Imperial Bank of Commerce (CIBC) – to form an international banking innovation alliance.
“We’re excited to be working with CIBC and have already partnered with them in using Ripple’s blockchain technology to complete international payments transfers between our banks as a proof of concept. We believe that the technology has the potential to not only deliver real time international payments, but also improved security and efficiency of our payments systems, so this is an important piece of work.
When this Ripple case is settled mannnn!