Deutsche Bank today announced that it has successfully conducted its first euro-denominated cross-border payment via Partior’s blockchain platform. The transaction was performed together with DBS, Southeast Asia’s largest bank by assets. Deutsche Bank acted as the settlement bank on the platform and DBS acted as the beneficiary bank.
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Nium becomes the first fintech payment service provider (PSP) on the Partior network. Financial institutions will be able to connect with Nium via Partior for 24x7, transparent, real-time payouts, clearing, and settlement to over 100 markets worldwide.
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Claire Ng, Product Director at Onyx by J.P. Morgan discusses how Onyx is collaborating with Fintechs like Partior to offer their customers multi-bank settlement capabilities, and offers a perspective on current trends like automation, and silo-ed versus network banking.
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Partior announces the first close of a US$60M+ Series B round led by Peak XV Partners and supported by Valor Capital Group and Jump Trading Group as new investors, and J.P. Morgan, Standard Chartered and Temasek as existing shareholders.
