Bahrain’s Bank ABC taps JP Morgan for blockchain-based cross-border payment service
The launch arrives in tandem with the bank’s documentary trade suite, ABC Trade.
The launch arrives in tandem with the bank’s documentary trade suite, ABC Trade.
Temenos’ core banking tech will also be used to power Bank ABC’s ila Bank, a digital mobile-only challenger.
The test was facilitated by JP Morgan’s new blockchain-focused business unit Onyx.
Bank ABC operates across the Middle East, North Africa, Europe, the Americas and Asia.
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Bank ABC’s deputy group CEO calls this a “landmark pilot”.
Less than two years ago Bank ABC promised to “transform banking”.
Bahrain-based Bank ABC (Arab Banking Corporation) is modernising its digital channels for retail and wholesale banking customers with Backbase’s tech.