Swift CEO announces tie-up with blockchain start-up R3

• Swift’s Leibbrandt said the institution would link R3’s platform with its new payments standards framework GPI.
• Leibbrandt was speaking beside Brad Garlinghouse, the chief executive of Ripple, a fierce competitor to R3, at the Paris Fintech Forum on Wednesday.
• Garlinghouse said Ripple was open to “ways we could work with Swift,” but neither company hinted at a partnership between the two in the near-term.

Swift, the financial messaging service for the world’s biggest banks, is partnering with blockchain start-up R3.

Gottfried Leibbrandt, Swift’s chief executive, said the institution would link R3’s platform with its new payments standards framework GPI, or Global Payments Innovation.

“We are announcing later today a proof-of-concept with the R3 blockchain on trade where you can initiate a payment on the trade platform and then it goes into GPI,” Leibbrandt said at a CNBC-moderated panel session at the Paris Fintech Forum on Wednesday.

Source https://www.cnbc.com/2019/01/30/swift-announces-tie-up-with-blockchain-firm-r3-at-paris-fintech-forum.html