JP Morgan and Baton Systems develop real-time clearing system
New platform to address challenge of tying excess funds across clearing workflows.
New platform to address challenge of tying excess funds across clearing workflows.
Baton allows banks to avoid overhauling their existing systems.
DLT-based settlement with central bank money is alive and kicking.
Baton Systems, an on-demand platform for clearing, settling and managing payments between financial institutions, has appointed former Citigroup Vice Chairman Lewis B. Kaden to its advisory board.
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