Skanor Group

Ripple to present at The Talent Show – Supply Chain Finance by Treasury Peer

Press Release   •   Feb 08, 2016 06:30 GMT

Global Financial Settlement Solutions Provider Ripple to Sponsor Corporate Financial Supply Chain Innovations Event in Greater Copenhagen April 26-27, 2016.

Ripple will present its distributed financial technology which allows for banks and their corporate customers around the world to directly transact with each other without the need for a central counterparty. Magnus Lind, founder of Treasury Peer and co-founder of The Talent Show: “The Talent Show connects the corporate community to innovations in the financial supply chain. The ambition is to present a very broad array of solutions and to spark curiosity and creativity.

The Talent Show brings together the most assertive and progressive innovators with corporate executives having responsibilities along the supply chain. The purpose is to improve and speed up the transition from old time financial transacting, to new collaborative and efficient, real-time, transparent ways of working throughout the whole ecosystem.

Chris Larsen, CEO and co-founder of Ripple adds: “Today’s financial infrastructure is inefficient, meaning that in addition to the expected costs of processing, FX and operations, corporates sending cross-border payments also face high opportunity costs – the cost of keeping money in transit or in bank accounts around the globe. Distributed ledger technology like Ripple can significantly lower the total cost of settlement for banks and their corporate customers.”

Corporate treasury, finance, procurement and sales are challenged by a megatrend consisting of many large game changers from the disruption of the financial supply chain (read: FinTech). The changes won’t go by unnoticed at corporations.

Danny Aranda, Director of Business Development at Ripple: “I’m excited to participate in the Talent Show to share our vision for how the corporate community can benefit from a lower total cost of cross-border settlement. Imagine a world in which corporations no longer need to pre-fund accounts and banks can offer instant cross-border payment services.”

André Casterman, advisory board, at The Talent Show: “We are delighted to welcome Ripple to The Talent Show. The feedback of the corporate community on such advanced technology innovations will be invaluable to all parties in the financial supply chain.”

About Ripple

Ripple provides global financial settlement solutions to ultimately enable the world to exchange value like it already exchanges information – giving rise to an Internet of Value (IoV). Ripple solutions lower the total cost of settlement by enabling banks to transact directly, without correspondent banks, and with real-time certainty of settlement. Banks around the world are partnering with Ripple to improve their cross-border payment offerings, and to join the growing, global network of financial institutions and market makers laying the foundation for the Internet of Value.

Ripple is a venture-backed startup with offices in San Francisco, New York and Sydney. As an industry advocate for the Internet of Value, Ripple sits on the Federal Reserve’s Faster Payments Task Force Steering Committee and co-chairs the W3C’s Web Payments Working Group.

Press Contact:

Michael Azzano
Cosmo PR for Ripple
+1 504/899-7570michael@cosmo-pr.com

About Treasury Peer and The Talent Show

Treasury Peer is organizing The Talent Show based on input from our large, global network of corporate treasurers, CFOs, and procurement and supply chain executives. Treasury Peer has huge ambitions in the area of supply chain finance. For 2016 we have set up the objective to push for assisting financial supply chain disruption big time. We know this will support the businesses and the economy to grow faster and stronger. The Talent Show – Supply Chain Finance is one of the tools Treasury Peer uses to bring together the most assertive and progressive vendors and banks with the corporate executives having responsibilities along the whole supply chain. The Talent Show takes place in Greater Copenhagen 26-27 April 2016 at Nordic Choice, Quality View Hotel, Hyllie Stationstorg, SE-215 32 Malmö. For more information please visit at www.Supply-Chain-Finance.rocks and http://TreasuryPeer.com

Contact:

Magnus Lind, founder Treasury Peer and co-founder The Talent Show
magnus.lind@treasurypeer.com
+46 704 809-900

Susanna Bondéus, managing director Treasury Peer and co-founder The Talent Show
susanna.bondeus@treasurypeer.com
+46 705 206-124