Corporate Announcement
Security Code : 500469    Company : FEDERALBNK    
 
Federal Bank Partners Ripple To Accelerate Cross-Border Remittances - Intimation Under Regulation 30 Pursuant To SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015Download PDFDownload XBRL
  Exchange Received Time  28/03/2019 20:45:35         Exchange Disseminated Time   3/28/2019 8:45:40 PM              Time Taken   00:00:05
This is to inform Federal Bank has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross border remittance through its network. Powered by blockchain-enabled solution, the Ripple platform ensures cross-border transactions much safer and secured.
This partnership will help Federal Bank to explore new corridors where Ripple is aggressively pursuing new partnerships. In a meeting held today Mr. Shyam Srinivasan, Federal Bank MD & CEO and Mr. John Mitchell, Senior Vice President Ripple Inc, signed the agreements for the partnership.
 

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