Cross-border digital cash solution

  • Internal book transfers between branches are overly-complex and slow
  • SWIFT Payments only run 6-9 hours a day, 5 days a week, impacting international payments experience for customers
  • Transfers involve multiple parties and systems and carry high-risk, cost and complexity
  • Digital Cash eliminates the reliance on SWIFT and correspondent banks using cash tokens to move value between Wells Fargo entities cross-border
  • Resulting in settlement without third parties and a reduction in transfer time, costs and points-of-failure
  • Why Corda? Chosen for its high levels of privacy, scalability and security architecture that’s compatible with financial industry standards
  • Faster transfer and reduced liquidity risk
  • Irreversible, near real-time settlement and reconciliation
  • Expanded operating hours with 24×7 transactions