Fnality International

It was fantastic to collaborate with Lloyds Banking Group and Enigio on a solution that utilises smart contracts with programmed business logic for instant on-chain payment settlements for digital trade documents. Together we worked on a pilot involving the settlement of a digital bill of exchange (dBE) generated through Enigio’s trace:original solution. Blockchain technology can greatly minimise the friction and risks associated with documentary trade transactions. This breakthrough facilitates immediate, programmable settlements available 24/7, marking another significant progress towards transforming our future financial market vision into reality. A whitepaper outlining the advantages of integrating an on-chain payment settlement rail with a digital document solution will be released soon.

Santander, Lloyds Banking Group, and UBS have successfully completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS). This real-world proof-of-concept proves that Fnality can be used to make bilateral margin payments using the £FnPS, and marks the first instance of a fully regulated Distributed Ledger Technology (DLT)-based payment system being used to settle margin for the purposes of real-world inter-bank derivative exposures. https://lnkd.in/eNpQaTsC

Blockchain gilts are gathering momentum, thanks to a push from City minister Tulip Siddiq: "Digital issuance has the potential to eradicate layers of intermediaries... increasing transparency over the ultimate beneficial owners of the bond." Interoperability will be vital. With transparent, compatible systems, the UK can improve access to robust digital gilt infrastructure and take full advantage of the opportunity it offers. Read more 👉 https://lnkd.in/dPU2GD9e

#FnalityFacts - Trust is vital to what we do at Fnality. That's why our payment systems run on a private, permissioned network with multiple layers of security. We don't need to compromise on safety or speed. Security for every participant is paramount.

As a pioneering financial market infrastructure bringing together the safety and institutional-grade quality of central bank money with the functionality and resilience of blockchain technology, Fnality worked alongside Mastercard and our bank customers (Lloyds Banking Group and UBS) to pilot Mastercard Move Commercial.  The result is a near real-time, 24/7 settlement solution that simplifies operations, optimises liquidity, delivers counterparty risk reduction, and provides end-to-end visibility for banks and their customers. This marks another significant milestone for Fnality as it applies blockchain technology to transform wholesale and commercial payments.

Rosenblatt Securities is hosting its 16th annual FinTech summit this week where FinTech companies & investors showcase the most advanced innovative solutions reshaping the financial industry. Our CEO, Rhomaios Ram, will participate in a panel this Wednesday where he will delve into the convergence between traditional & decentralised finance. Sign up 👉 https://lnkd.in/dp3GS9eV

#FnalityFacts - Availability is a fundamental principle of our payment systems network. By allowing participants to transact and settle at any time and across borders, we are facilitating the seamless movement of money, which in turn enhances speed and reduces risk for businesses.

Do you have a passion for innovation, a knack for problem-solving, and a drive to make a meaningful impact? If yes, we want to hear from you! Explore our job openings and join a vibrant environment where your ideas are appreciated, your skills are developed, and your career has the potential to reach new heights.

In a recent speech, Federal Reserve Governor Christopher Waller spoke about the balance needed in assessing the value of faster payments infrastructure. He also acknowledged the opportunity to optimise the correspondent banking process. We look forward to showing more new use cases for our settlement system.

#FnalityFacts - In a Fnality Payment System, funds reside in a central bank account and can be used for any and every payment need a participant has. We are driving an ecosystem in which all cash and collateral is manageable from a single pool of liquidity.