Alfa-Bank Launches Bank-as-a-Service Platform on Waves Blockchain

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X5 Retail Group and Alfa-Bank jointly launched a Waves enterprise blockchain-based liquidity management service in Russia. Alfa-Bank and X5 Retail Group partnered to launch a blockchain liquidity management service in Russia.According to a press release published by the bank on Sept. 12, the service — dubbed Distributed Treasury and Cash Management (DTCM) — enables Alfa-Bank’s corporate clients to manage their payments, loan and deposit products, as well as liquidity pool inside the holding.A bank created for the userThe service is described as a “bridge to the Bank-as-a-Service (BaaS) model for corporations.” Director of the Alfa-Bank Center for Innovations Research and…
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Alfa-Bank Launches Bank-as-a-Service Platform on Waves Blockchain

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