One frictionless experience to send money globally. Across a connected network of financial institutions and payment providers

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Blaise Leonard
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3 One frictionless experience to send money globally Across a connected network of financial institutions and payment providers

4 What Is RippleNet? RippleNet is a decentralized global network of banks and payment providers using Ripple s distributed financial technology, which provides real-time messaging, clearing and settlement of financial transactions. Why Join RippleNet? All of today s pain points from the current global payments system delays, limited transparency and high costs stem from the lack of a single, global network. RippleNet solves these pain points with a decentralized network of independent banks and payment providers that connect through Ripple s technology and standardized ruleset to send realtime, traceable payments around the world. 2

5 Key Benefits New Revenue Lower Total Costs Standardization Streamlined Legal Opportunities Framework Lower the total cost per Offer a highly Provide on-demand transaction through consistent payments Simplify transacting and real-time payments efficient processing experience to end relationships via a products and services and lower liquidity users by utilizing single agreement to retail and corporate requirements to send Ripple's standardized across the fully customers payments globally technology, messaging decentralized network and rules of banks eliminating need to create inefficient bilateral agreements 3

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7 How RippleNet Works For the first time in history, RippleNet connects a diverse set of constituents of today's payments systems through a decentralized global network. To best support each of the constituent's roles and needs, Ripple provides three products. Process payments with xcurrent Source liquidity with xrapid Originate payments with xvia 5

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9 xcurrent Process real-time payments How it works A standardized technology enabling the ability to message and settle transactions between banks with increased speed, transparency and efficiency. Who uses it Banks looking to process payments for originators and other banks to drive revenue by enhancing their customer servicing and acquisition. Bank Bank 7

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11 xrapid Source on-demand liquidity How it works Access to an on-demand liquidity pool of digital assets that eliminates the need to hold nostro accounts in destination currencies. Who uses it Payment providers and banks looking to increase their payment volumes and global reach by sourcing on-demand liquidity. KRW Beneficiaries JPY Payment Providers Payout Bank MXN XRP/KRW XRP/MXN XRP/JPY 9

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13 xvia Send global payments with a single integration How it works A web services layer providing corporates with the ability to securely originate real-time payments with rich data attachments. Who uses it Various corporates, banks, payment providers and consumers looking to optimize their payments experience with their bank. Originator RippleNet Beneficiaries 11

14 Rulebook & Advisory Board Common Rules for a Seamless Experience As the world's first commercially operational blockchain network, RippleNet provides a consistent payments experience through the Rulebook, which encompasses a mutually agreed-upon set of payment rules and standards. The Rulebook delivers operational certainty and legal clarity for transactions over RippleNet. To join RippleNet, both members and users sign a Network Service Agreement and implement the rules and standards as outlined in the Rulebook. RippleNet Advisory Board Ripple actively consults its advisory board of industry leaders from global banks across Transaction Banking, Digital Services and Cash Management to provide governance and ensure that the rules and standards align with the needs of today s banks and their customers. 12

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16 Sample of Ripple Customers Banks around the world have partnered with Ripple to offer more efficient cross-border payment services to their customers and gain access to Ripple s growing, global network of financial institutions and payment providers. 14

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18 About Ripple Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple s growing, global network, financial institutions can process their customers payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. With offices in San Francisco, New York, London, Sydney, Mumbai and Luxembourg, Ripple has more than 90 customers around the world. Contact Us To learn about joining RippleNet and leveraging xcurrent, xrapid or xvia for cross-border payments, please contact us at ripple.com/contact. 16

Embracing Change in Payments

Embracing Change in Payments Mark McNulty Global Head of FI Payments & Clearing Saad Rahman European Clearing Product Manager & GPI lead Speaker Information Mark McNulty Global Head of FI Payments & Clearing