BBVA and BBVA Bancomer are piloting an FX matching application developed by Calypso Technology and R3.
The application, which runs on R3’s Corda platform and is facilitated by Calypso’s cloud services, has already been used by the two Spanish banks to match a live FX trade.
BBVA and Bancomer entered into the pilot as part of their larger initiative to apply distributed ledger technology to their FX businesses to reduce total cost ownership, simplify operations and enhance overall efficiency.
BBVA is very excited about this initiative for two reasons. Firstly, it gives us the opportunity to assess the impact of a disruptive technology such as DLT, t