Tag: LedgerConnect

LedgerConnect

CLS and IBM Partner in DLT Initiative

CLS and IBM have announced a collaboration on a proof of concept (PoC) for LedgerConnect ? a distributed ledger technology (DLT) platform for the financial services industry designed to enable sell and buy side firms, FinTechs and software vendors to deploy, share and consume services hosted on a shared distributed ledger network.
The companies say that on the new initiative financial institutions will be able to access services in areas such as, but not limited to, know your customer processes, sanctions screening, collateral management, derivatives post-trade processing and reconciliation and market data.