“Fintechs are realizing that they won’t disrupt the cross-border world by themselves. They need to partner at all levels,” says Cuevas-Mohr. “Fintechs have realized that they are welcome at IMTC and that traditional players coming to the event understand that the way to innovate — to confront change, is to partner with fintechs that bring technology, creativity and drive for change.”
IMTC WORLD 2019 is sponsored by some of the top names in the fintech industry, including IBM, Ripple, Bitspark, IdentityMind, TransferZero, Thunes, Bitstop, and Control Money, among many others.
IBM is taking a leadership role with its blockchain-based World Wire service powered by Stellar which supports 47 currencies across 72 countries. Through the use of stable digital currencies that act as a financial ‘bridge’ between two countries, IBM World Wire can complete cross-border settlements almost instantly and at a low cost.
Ripple provides one frictionless payment experience to send money globally using blockchain technology. Ripple’s global network, RippleNet, enables instant, reliable and cost-effective payments anywhere in the world for its 200+ customers who can utilize the digital asset XRP to enable real-time settlement in cross-border payments.
Bitspark is a fiat-to-crypto conversion service that allows customers across the world to quickly and easily “cash in or cash out” cryptocurrencies online, helping companies in the industry to settle funds in many remittance corridors.
IdentityMind develops digital identity technology to combat financial fraud. It provides a one-stop solution to meet AML sanctions screening and KYC compliance regulations, avoid identity theft and fight financial crime.
TransferZero develops APIs (application programming interfaces) that can be integrated into companies wishing to connect and do business across Africa. The company that originated in Spain was purchased by a major African FX and payments platfo...