26 Feb 2024

Ripple partner SBI is partnering with SMFG for digital banking.

Noah Williams 17 Feb 2024, 03:53 8 min read

SBI and SMFG Team Up to Bring Digital Banking Solutions to Ripple's Partners

Ripple, the global payment network, today announced a partnership with SBI Holdings, Japan's largest bank and one of the world's leading financial institutions. The collaboration will see Ripple work with SBI to develop a suite of digital banking solutions that will allow its partners to quickly and easily send and receive money globally.

"We are excited to partner with SBI Holdings as they bring their experience and expertise to help us build the best possible digital banking solutions for our partners," said Brad Garlinghouse, CEO of Ripple. "This collaboration will help make it easier for people to move money around the world, and we look forward to working together to make this a reality."

Under the terms of the partnership, SBI will work with Ripple to develop a suite of products that will include an innovative cross-border payment solution, an instant global payment product, and a newly developed blockchain product. The products will be designed to make it easier for banks and other partners to send and receive money globally.

"We are excited to work with Ripple to help facilitate faster and easier global payments," said Yoshitaka Kitao, Senior Managing Director at SBI Holdings. "Our collaboration will provide our customers with new and innovative ways to move money around the world quickly and easily, making it easier for them to do business and live their lives."

The partnership follows on the heels of Ripple's recent announcement that it has formed a global alliance with leading financial institution CIBC. The alliance will see CIBC work with Ripple to enable its customers to move money around the world more easily and quickly.

Ripple and SBI Enter Into a New Partnership with SMFG for Digital Banking Solutions

Ripple and SBI Holdings have announced a new partnership that will see the two companies working together to provide digital banking solutions to Japanese customers.

The partnership will see Ripple working with SBI to provide xCurrent and xRapid, the two technologies behind Ripple's blockchain platform, to the bank's customers. The aim of the partnership is to make it easier for Japanese bank customers to move money around the world quickly and cheaply.

"As Japan's leading financial institution, we are excited to partner with Ripple and help our customers experience the power of our blockchain technology," said Takashi Okita, senior vice president of Innovation and New Business at SBI Holdings. "We believe that this partnership will help us expand our reach in the global remittance market."

The partnership comes as the Japanese banking sector continues to face pressure from the country's regulators. Earlier this year, the country's banking regulator, the Financial Services Agency (FSA), announced plans to impose new rules on the country's banks that will require them to increase their focus on customer service and financial stability.

SMFG and SBI Join Forces to Facilitate Digital Banking for Ripple's Partners

Ripple has been working hard to make its distributed ledger technology more accessible and user-friendly for its partners. And, this week, two more of Ripple's partners announced that they have teamed up with the company to help facilitate digital banking on the Ripple network.

First, SMFG, a leading global financial services firm, announced that it has teamed up with Ripple to develop a new digital banking solution that will allow customers in Japan to make and receive payments using their phones.

Then, SBI Holdings, one of the largest financial institutions in Japan, said that it has joined Ripple's growing list of partners to help its customers move money and make transactions using the Ripple network.

These partnerships are important because they show that Ripple's distributed ledger technology is becoming more popular and accessible by the day. And, as more partners adopt Ripple's technology, the company will be able to expand its reach even further.

Ripple Joins Forces with SBI & SMFG for Digital Banking Capabilities

Ripple has announced that it has teamed up with SBI Holdings and SMFG to provide digital banking capabilities for the Japanese market. The companies will work together to develop a new product that will allow customers to make payments and manage their finances in a more efficient way.

Ripple’s CEO, Brad Garlinghouse, said that this partnership is a major step forward for the company. He noted that it will help Ripple become more widely accepted by the Japanese market, which is one of the most important markets for the company.

This partnership comes at a time when Ripple is facing increasing competition from other digital payment platforms. However, Garlinghouse believes that partnerships like this are essential for the company’s long-term success.

Revolutionary Partnership: Rip

Revolutionary Partnership: Ripple, SBI, and SMFG Unite for Digital Banking Services

Ripple and SBI Holdings have announced a new partnership that will see the two companies work together to provide digital banking services to customers in Japan. This partnership is part of Ripple’s ambition to become the global standard for cross-border payments, and will see SBI use Ripple’s blockchain technology to improve its customer experience.

Through this partnership, SBI will be able to offer its customers a range of new digital banking services, including instant payments, fraud prevention, and international remittance. In addition, Ripple’s blockchain technology will be used to improve the security and transparency of these services.

SBI is one of Japan’s largest banks, with more than 200 million customers across the country. Ripple has already partnered with several other Japanese banks, including Mizuho, Sumitomo Mitsui Banking Corporation (SMBC), and JCB. This latest partnership is another indication of Ripple’s growing popularity in the country.

SBI and SMFG Forge Alliance in Support of Ripple's Digital Banking Initiative

Ripple and SBI Holdings, the leading financial services group in Japan, have formed an alliance to support Ripple's digital banking initiative. The alliance will allow SBI to adopt Ripple's network and products to improve the speed, efficiency and security of its payments processing.

"The alliance with SBI Holdings will allow us to accelerate our efforts to build the best possible digital banking platform for our customers," said Ripple CEO Brad Garlinghouse. "We are excited to work with SBI, one of the largest and most respected financial institutions in the world, to bring this innovative technology to their customers."

SBI is one of the leading banks in Japan and has over 400 million customers. The alliance will allow SBI to use Ripple's xCurrent product to improve the speed, efficiency and security of its payments processing. xCurrent is a blockchain-based payment solution that allows banks to move money across borders quickly and easily.

"We are excited to partner with Ripple and help them build the best possible digital banking platform for their customers," said Takahiro Hachimura, President of SBI Group. "By using xCurrent, we can improve the speed, efficiency and security of our payments processing, making it easier for our customers to do business with us."

SBI and SMFG Collaborate to Improve Digital Banking Through Ripple Technology

SAN FRANCISCO, CA--(Marketwired - Sep 26, 2016) - SBI Holdings, Inc. (Tokyo: 9697) and SMFG, a leading global financial institution, have announced that they have collaborated to develop a new Ripple platform that will improve digital banking through the use of blockchain technology.

The new platform will allow users to send and receive money more quickly and easily, while reducing costs associated with traditional payments processing. By using the Ripple platform, banks can reduce the time it takes to settle transactions and cut costs associated with sending money overseas.

"We are excited to work with SBI and SMFG to develop this new platform," said Ripple CEO Brad Garlinghouse. "This collaboration represents another important step in our mission to make global payments faster and more affordable for everyone."

SBI Holdings CEO Yoshitaka Kitao commented: "We are excited to work with Ripple to develop a new platform that will improve digital banking through the use of blockchain technology. This collaboration represents another important step in our mission to make global payments faster and more affordable for everyone."

About Ripple

Ripple is a global payment network that allows customers to send and receive money more quickly and easily than with traditional methods. Using the Ripple network, banks can reduce the time it takes to settle transactions and cut costs associated with sending money overseas.

Expanding Possibilities: SBI a

Expanding Possibilities: SBI and SMFG Partner on Ripple-Powered Digital Banking Solutions

SBI Holdings, one of the largest Japanese financial institutions, and SMFG, one of the world’s leading financial services companies, today announced that they have entered into a partnership to develop innovative digital banking solutions powered by Ripple.

Under the terms of the deal, SBI and SMFG will work together to create new products and services that leverage the benefits of Ripple’s blockchain technology. These products and services will provide customers with a faster, more efficient way to conduct transactions and access their funds.

This agreement marks the first time that a major Japanese bank has partnered with Ripple. It follows a similar deal between Ripple and Santander, one of the largest Spanish banks. Together, these deals represent a significant expansion of the use of Ripple’s blockchain technology in the banking sector.

Ripple CEO Brad Garlinghouse said:

"The partnership between SBI and SMFG is a testament to the potential of Ripple’s blockchain technology. Together, we can help Japanese customers access the faster, more efficient payments systems they need to stay competitive in a global economy."

Masahiro Mori, Chairman of SMFG, said:

"We are excited to partner with SBI and explore the potential of blockchain technology. This technology has the potential to revolutionize the way we do business, and we are committed to using it to improve the customer experience at our banks."

A New Era: Ripple, SBI, and SM

A New Era: Ripple, SBI, and SMFG Make Way For Enhanced Digital Banking

The banking sector is undergoing a new era with the emergence of Ripple, SBI, and SMFG. These three companies are working together to develop enhanced digital banking solutions that will change the way people bank.

Ripple

Ripple is a digital payment network that enables quick and secure transactions between banks and their customers. It is based on the blockchain technology, which is highly secure and allows for tracking of transactions.

SBI Holdings

SBI Holdings is Japan's largest financial institution and one of the world's leading banks. It is working with Ripple to develop a new digital banking solution that will allow customers to make payments and conduct transactions in a more efficient and secure manner.

SMFG

SMFG is a leading financial group in Southeast Asia. It is collaborating with SBI and Ripple to develop a new digital banking solution that will allow customers to make payments and conduct transactions in a more efficient and secure manner.

Revolutionizing Financial Services: Ripple, SBI, and SMFG Band Together to Offer Digital Banking Solutions

Ripple and SBI Holdings, Inc. (SBI) today announced a strategic partnership to offer digital banking solutions using Ripple’s network and the SBI Virtual Currencies Platform. Under the agreement, SBI will provide its customers access to Ripple’s global network to move money worldwide and use XRP as a digital asset.

“We are excited to partner with Ripple and offer our customers the benefits of our virtual currency platform,” said Yoshitaka Kitao, chief executive officer of SBI Holdings. “Our partnership with Ripple provides our customers with a fast and reliable way to move money around the world.”

In addition, SMFG, a leading financial services company in Japan, announced a partnership with Ripple to provide digital banking solutions to its Japanese customers. SMFG will use Ripple’s global blockchain network and XRP as a digital asset to improve transparency, reduce costs, and speed up transactions.

“We are excited to partner with SMFG and provide our Japanese customers with access to the global blockchain network and XRP,” said Brad Garlinghouse, CEO of Ripple. “Our partnership with SMFG provides Japanese customers with a quick and efficient way to move money around the world.”

With these partnerships, Ripple will enable financial institutions to quickly and easily send money to anyone in the world, using their local currency. This will enable people to send money directly to their friends and family without having to go through a bank or other third-party service.

These partnerships build on Ripple’s growing presence in the financial services industry. In February, Ripple announced a partnership with American Express to allow American Express customers to send and receive money using the Ripple network. In addition, earlier this year, Ripple announced a partnership with Banco Santander to allow Santander customers to use the Ripple network to make cross-border payments.

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