Yesterday Finextra reported that another 23 banks have joined Italian’s Spunta platform [1], on top of the 32 that have been present at the launch of the system a month ago [2]. The project’s goal is to simplify the reconciliation of interbank transfers, which for the time being is a pain-staking bilateral process. It has been sponsored by the Italian Bankers’ Association ABI [3]. The underlying technology is based on Corda [4,5] with ABI Labs coordinating the work of R3, NTT Data and SIA [6-9].

  1. https://www.finextra.com/pressarticle/82636/more-italian-banks-join-spunta-dlt-platform
  2. https://www.finextra.com/newsarticle/35715/italian-banks-go-live-on-spunta-banca-dlt-platform
  3. https://www.ledgerinsights.com/italian-bankers-test-reconciliation-blockchain-with-a-years-transactions/
  4. https://www.r3.com/wp-content/uploads/2019/04/Spunt_CS_R32018.pdf
  5. https://www.r3.com/wp-content/uploads/2020/04/Spunta_Corda_CS_R3_Digital_2020-copy-1.pdf
  6. https://www.abilab.it/home
  7. https://www.r3.com
  8. https://www.nttdata.com/global/en/
  9. https://www.sia.eu/en/

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