What is CIPS?

People often argue there is not enough innovation in the financial world, and to some extent, they are absolutely right. However, ┬áthere are some developments, well worth taking note of, including the CIPS network. This Cross-Border Inter-Bank Payments System can have major consequences for SWIFT in the Western world. What Does CIPS Do Differently? One has to first understand the CIPS initiative before looking into how it works. The Cross-border …
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