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Standard Chartered and Huawei tackling corporate payments with blockchain

Standard Chartered and Huawei tackling corporate payments with blockchain

October 10, 2018

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It aims to enable triggering financing or payment instructions in real-time through APIs, rather than through manual paper-based or e-mail instructions.

The solution combines IoT and cloud capabilities to track goods in real-time, reducing operational risks and providing reliable data that can be used in financing decisions.

Real-time data enables straight-through processing (STP) for a more use cases, according to the firms.

“We found in Huawei a strong partner who shares our passion to transform the way we would like to support our clients and make banking seamless and effortless for them,” says Michael Gorriz, group CIO of Standard Chartered said.

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