The Bank of London, the UK’s tech-led clearing bank, has announced a partnership with SAP Fioneer.
The Bank of London offers a technology platform to support “borderless economic infrastructure”.
It will utilise SAP Fioneer’s “hyper-scalable” cloud banking platform.
This can be seamlessly integrated through an API.
What does this mean?
The result is a fully integrated, real-time solution for compliance, clearance, settlement and payments – a first in the UK, it will work for banks, FinTechs and corporations. The solution is expected to be available later this year.