According to a press release published Nov. 20, the new program based on MonetaGo’s financial services network technology will be integrated through standardized SWIFT financial messages. The banks involved will employ a shared distributed ledger network to comply with industry-level governance, security and data privacy requirements. This will, in turn, improve the efficiency and security of their financial products and procedures.
The CEO of MonetaGo, Jesse Chenard said:
A Memorandum of Understanding (MoU) on the collaborative research of DLT has approved the Union Cabinet of India in September. It was aimed at achieving a better understanding of DLT and its use cases. Leading banks of the country also participated in research “in the interests of the development of the digital economy.”
bestadmin
