As part of the BankingTech / FintechFutures team
producing a daily magazine onsite at SIBOS Sydney 2018, one article should
prove good reading for all NonStop users
in the payments industry. What follows here is just an extract from that article
published on the second day of the event:
While
OmniPayments provides payments solutions for multiple financial institutions,
including one of the largest banks in the US that routinely processes a billion
ATM and POS transactions per month, it has been at the request of a South
American financial institution with four million card holders that OmniPayments
has taken up the HPE solution for blockchain.
“As
we dug deeper into the customer requirements it became clear to us that this
was a text-book case for implementing know your customer (KYC) along with
anti-money laundering (AML) that begged for an MCDLT solution. As long time
partners of HPE and familiar with NonStop Systems it was only natural for
OmniPayments to turn to this new product offering to better address the
customer needs,” she said.
The
response from the audience was telling – suddenly, blockchain jumped from the
whiteboard to take center stage in the discussions that followed.
In
addressing the enterprise community, HPE has articulated a vision for its push
into blockchain as being beneficial to those enterprises looking to overhaul
their supply chain management as well as to those banks looking to tighten
their security. When it comes to security, there are many considerations to be
made but in this case, the definition of security has been extended to
protecting financial institutions from abuse by undocumented parties.
You can mow read the entire article at:
And make sure you catch up with the OmniPayments folks
at next week’s NonStop technical Boot Camp as there should be no shortage of opportunities
to hear a lot more about Omnipayments, Blockchain and KYC / AML.
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