Fintech is white hot these days, with major acquisitions and funding rounds galore. It’s also a relatively new space, with startups only really breaching the thicket of regulations that defines the modern banking and finance world in the past few years. So it is fascinating to watch how Shamir Karkal, one of the original fintech […]
RT @AlexanderFisher: "Sila, which is a payments and banking API infrastructure company designed to eventually supplant ACH as the payments choice for companies who need to move money. Sila follows the ERC-20 token protocol and is built on top of the Ethereum blockchain." #ethereum #finance https://t.co/g5gr7qjAEV
I'm not speaking on behalf of anyone or any company...but simply working with the EY team to bridge Ethfinance participation on the EY Summit...On day 1 of the summit April 21st it reads:
"1:30 p.m.–1:55 p.m. Case study: Phixius, a new platform for sharing payment-related information for the US financial services industry
By Eli Stern and Andy Magoon, EY, and George Throckmorton, Nacha
Nacha is a US-based organization that develops rules and standards and fosters compatibility and integration across a range of payment systems, including the ACH Network. Earlier this year, Nacha collaborated with EY to develop Phixius, a new blockchain-based platform for sharing business-to-business payment information across US financial institutions. During this session, Nacha will discuss why blockchain was the right technology for this initiative, the value EY is bringing to the development and delivery process, and the value Nacha hopes to deliver to the financial services industry.
Together, their thinking eventually turned into Sila, which is a payments and banking API infrastructure company designed to eventually supplant ACH as the payments choice for companies who need to move money. Sila follows the ERC-20 token protocol and is built on top of the Ethereum blockchain.