Santander and Reisebank Both Recognized for Innovation

Image courtesy of Santander

Ripple often references our banking clients as “leading” in the world of financial services, and “innovative” for their commitment to providing better services to their corporate and individual clients through the use of distributed financial technology like ours.

However, this is more than a matter of opinion. The banking world has its own methods of rewarding and singling out the financial institutions that are pioneers in their field; the ones that investigate, test, and adopt the technologies that are poised to remake the industry. Innovation is not always on a bank’s radar, and history rarely rewards those that wait and see from a vantage point of comfort and security.

With that in mind, we are pleased to share news that two of Ripple’s clients have been recognized for their bold and innovative work in bringing banking in line with customer expectations in an era of on-demand services.

• Santander received the Payments and Wallets award in the category of Distribution and Marketing in Retail Financial Services from the nonprofit financial marketing association Efma, specifically for its Ripple-powered International Payments app, which uses blockchain technology to enable customers to make faster and cheaper international payments.

• Reisebank won the Banking Innovation Award for their implementation of a fast and inexpensive form of international transfers, for all currencies around the world by means of open and decentralized blockchain technology. Ripple’s solution provided this technology, allowing for cross-border payments that settle in real time.

Ripple is very pleased to have contributed to these wins, as well as to the ongoing creation of the Internet of Value. Huge congratulations to Santander and Reisebank!

To read more about Ripple’s work with these award-winning banks, read our case studies on both  Santander and Reisebank.