The CEO and Chairman of MoneyGram W. Alexander Holmes and Dr. Raghuram Rajan, 23rd Governor of the Reserve Bank of India, are going to be speaking at Swell 2019 in Singapore, a yearly event hosted by Ripple purposely to gather reputable voices in the finance, technology, policy and payments world.
Dr. Raghuram Rajan, 23rd Governor of the Reserve Bank of India, is to give the morning keynote. At present, Rajan is Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth and the Chief Economist and Director of Research at the International Monetary Fund.
The CEO of MoneyGram, who will also be speaking at the Swell event, is going to highlight the impacts of Blockchain technology on remittance.
With increasing competition in the remittance world, businesses are striving to stay ahead of others at a time which there’s growing demand for a better, fast, low-cost global payment means.
MoneyGram, one of the largest money transfer companies, has partnered with Ripple and making use of the firm’s On-Demand Liquidity (ODL), a service that makes use of XRP as a link between several fiat currencies to exterminate account pre-funding used by archaic remittance systems.
The remittance firm is making use of high-end emerging technologies to relegate outdated cross-border payment system used by many firms today.
At Swell 2019, that is to be held in Singapore from November 7-8, MoneyGram Chairman and CEO W. Alexander Holmes will enlighten people on how to drive the much-required transformation in business using his personal and firsthand experience. The CEO will as well discuss the future of the payments industry especially with the emergence of blockchain technology.
When MoneyGram partnered Ripple, the firm said it aimed at smooth-running its global liquidity management and at the same time increase its operational efficiency.
Through the partnership, MoneyGram has access to Ripple’s network of customers that are well over 200. The remittance firm can utilize liquidity available through the RippleNet network of banks.
Meanwhile, several notable speakers have been drawn from across the globe to speak at the Swell 2019.
Other keynote speakers expected at the event are Kamal Quadir, CEO of bKash, a mobile payment system offering financial services to unbanked millions in Bangladesh, and Ambassador Chan Heng Chee, Singapore Foreign Ministry.