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Italian Banking Industry Chose Decentralization Over Centralization

The Italian Banking Association, or ABI, uses a blockchain-based system called Spunta, built with decentralization in mind.


10 months ago


General news
ABInBev Blockchain
Abijou

Italian banking association makes pitch to join ECB digital currency projects

Yesterday the Italian banking Association ABI announced the willingness of Italian banks to participate in the central bank digital currency (CBDC) work of the European Central Bank (ECB). The Association highlighted its experience in the Spunta project, a blockchain initiative that automates the interbank reconciliations of most of the Italian banking sector. Given that experience, it could...


a year ago


Partnership
EUROchain
ABInBev Blockchain
Abijou
Spunta

Italian banks lend support to central bank digital currency initiatives

The Italian Banking Association (ABI) says its members are ready to participate in pilot projects fo...


a year ago


Product update/release
ABInBev Blockchain
Abijou

32 banks incl BNP Paribas, Crédit Agricole go live on blockchain for interbank reconciliations

It’s been 18 months since Italian banks completed their first blockchain pilot for reconciling bank accounts. Led by the Italian banking association or Associazione Bancaria Italiana (ABI), and its ABI Lab, the enterprise blockchain solution has been in production with 32 banks since early March. Given banks continuously transfer money between each other, they have...


a year ago


Product update/release
Partnership
BNP Paribas SA
BNP Paribas Securities Services Blockchain
Crédit Agricole S.A.
ABInBev Blockchain
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