- Ripple has revealed several new partnerships that they have been able to ink whilst at the Swell conference in November.
- Marcus Treacher, talked to the community regarding the onboarding of the Indian bank, HDFC onto its network.
Ripple has revealed several new partnerships that they have been able to ink whilst at the Swell conference in November. It looks like there are some big changes with Ripple having even more partnerships up its sleeve. In an interview with Jay Kim, the worldwide Head of Strategic Accounts at Ripple, Marcus Treacher, talked to the community regarding the onboarding of the Indian bank, HDFC onto its network.
At the conference, Ripple talked to the crowd saying it was able to partner up with more than three hundred customers across the world in a successful fashion. After the announcement, the Ripple community was (and still is) keen to get a number of the financial institutions, as opposed to startups, that have been on-boarded as Ripple’s customers.
The Strategic Accounts Head responded that this wasn’t a specific enough classification, as more than fifty percent of Ripple’s customers are banks with the other being Fintech payment providers.
“If you dig a bit deeper within the banks, about 25% are the really big houses, the Bank of Tokyo, Mitsubishi, the Santander, the Standard Chartered. They’re the large institutions. The rest are digital banks, startup banks, really interesting innovator banks, which we love to work with, as well, because they can integrate in very new ways with the Ripple technology.”
Treacher continued to speak on the market in Asia, adding that it is pushing Fintech forward. The host of innovations in regards to the wallet technology and open-network tech surfacing from Asia is the exact reason as to why the company is looking towards the continent.
“Ripple Siam Commercial Bank and Standard Charter Bank in hometown, Singapore. Many of the Indian banks we work with: Hindustan, Kotak, YES Bank, Axis Bank — recently one, HDFC in India, QNB in Qatar, Saudi British Bank in Saudi Arabia. We’ve got NCB, Saudi Arabia, Al-Rajhi Bank.”
It will be interesting to see how these partnerships play out. For more news on this and other crypto updates, keep it with CryptoDaily!