Ripple Poaches Marjan Delatinne from SWIFT to Spearhead its European Sales

Ripple, a San Francisco-based Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term firm, has strengthened its executive team, poaching Marjan Delatinne from SWIFT’s freshly launched Global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term Innovation (GPI) program. The hire represents a power play by Ripple, helping kindle a new rivalry with the two groups.

The London Summit 2017 is coming, get involved!

Ms. Delatinne has been a mainstay at SWIFT for over a decade, having worked in the group’s GPI Program – for its part Ripple has not been quiet about its contempt for the program, however this did not stop the group from securing the services of one of the GPI’s core elements.

In her new role at Ripple, she will serve as its Sales Director in Europe, helping work in a key role in selling the firm's commercial blockchain technology to banks across the continent – she will be based out of Londn. The initiative is part of a broader aim to take on SWIFT, outflanking the group on distributed financial technology.

Such technology can potentially be a boon for banks, which can slash the time and cost of settlement while enabling new types of high-volume, low-value global transactions. Many banks have begun the transition to digitalization already, with the traditional branch model being largely seen as a dying breed, especially in Europe.

SWIFT’’s response to this growing trend was its own GPI program, having launched in February 2017. Ms. Delatinne originally joined SWIFT back in 2007. Over the past decade she has held a variety of roles including Head of Business Development for SWIFT’s Securities Markets Initiatives, its Payments Market Initiatives, and most recently its GPI, according to information made public on her Linkedin profile.