Italian Banking Association’s Interbank Blockchain Project Enters Pre-Production Phase

Blockchain, Innovation, News | February 14, 2019 By:

The Italian Banking Association (ABI) has announced that its blockchain interbank reconciliation project is moving into the pre-production phase.

First announced in June 2018, the Spunta Project intends to bring more visibility to exchange of interbank transactions, verifying the matching of correspondent accounts and highlighting discrepancies for automated remediation.