D+H achieves industry first by applying distributed ledger blockchain technology to its global payment services hub
Through D+H's global payments services hub, Fis can now access distributed ledgers to connect bank networks, move money in real-time and improve access to liquidity.
TORONTO, CANADA (February 5, 2016) — DH Corporation (“D+H”) (TSX: DH), a leading provider of technology solutions to financial institutions globally, today announced that it has successfully integrated blockchain distributed ledger technology into its global payments services hub. D+H is now in active discussions with banks to implement this payment solution with integrated blockchain capabilities.
The blockchain solution was built as an extension of D+H’s Global PAYplus solution, which helps financial institutions of all sizes manage all payment types – including high value, mass and immediate payments – and all currencies in one integrated system, domestically and across national borders.
This milestone demonstrates that D+H’s payment hub technology is adaptable to blockchain technology and can integrate this technology to meet evolving peer-to-peer client payment needs. Financial institutions using D+H’s payments hub will be able to utilize a secure, closed loop distributed ledger system to connect bank networks, move money in real-time, and improve access to liquidity. Using the solution, peer-to-peer payments can be made in real-time, benefitting from the anonymity inherent in blockchain technology to ensure security and reduce risk.
“This breakthrough technology further positions D+H as a leader in payments,” says Moti Porath, executive vice president, Global Pre-Sales, D+H. “D+H has made significant investments in blockchain and distributed ledger innovation, and will continue to explore new use cases and partner with players like Ripple to pursue other opportunities.”
D+H (TSX: DH) is a leading financial technology provider the world's financial institutions rely on every day to help them grow and succeed. Our lending, payments, enterprise and global transaction banking solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues of more than $1 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward ranking. For more information, visit dh.com.