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DXC and Ripple Collaborate for a New Era of Banking

In a significant move for the future of finance, DXC Technology, a leader in enterprise technology and innovation, has announced a strategic collaboration with Ripple, a leading player in financial technology focused on cryptocurrency solutions. This partnership is designed to facilitate the adoption of digital asset custody and payment solutions for banks on a global scale.

Connecting Traditional Finance with Blockchain

As financial institutions face increasing pressure to evolve, the need for robust and secure digital asset infrastructure has never been more critical. The partnership between DXC and Ripple seeks to bridge the gap between traditional banking systems and innovative blockchain solutions. By integrating Ripple’s institutional-grade blockchain technology into its Hogan core banking platform, DXC enables banks to handle over $5 trillion in deposits and manage 300 million accounts worldwide.

This collaboration allows banks to effortlessly adopt digital asset custody, enabling them to offer services like programmable payments, tokenization, and secure transfers without disrupting their existing banking infrastructure. This is a game-changer for both banks and fintech companies, as it introduces a wide range of digital asset use cases compliant with regulatory standards.

Simplifying Digital Asset Integration

Sandeep Bhanote, Global Head and General Manager of Financial Services at DXC, emphasized the importance of secure and transparent solutions for integrating digital assets into the financial system. He stated, "Our collaboration with Ripple seamlessly combines these capabilities, allowing banks to engage in the digital asset ecosystem without the need to overhaul their core systems. We connect traditional accounts, wallets, and decentralized platforms on a corporate scale."

The integration serves as a vital last-mile connectivity solution, facilitating a transition from mere experimentation to real-world implementation of blockchain use cases within the banking environment. Fintechs can also benefit from easier access to banking relationships necessary for compliant custody and payment solutions.

Meeting the Demands of Modern Banking

Joanie Xie, Vice President and General Manager of Ripple for North America, noted the growing urgency for banks to modernize amid complex legacy systems. ``Our partnership with DXC brings digital asset custody, RLUSD, and payment solutions directly into trusted core banking environments. Together, we empower banks to deliver secure and compliant use cases at scale without disruptions.``

This partnership reinforces DXC's commitment to supporting financial institutions in their secure modernization journey while promoting responsible innovation. It represents a significant stride toward integrating digital assets into mainstream banking operations worldwide through a centralized banking approach.

Ripple Payments and Ripple Custody are two key components of their offering. Ripple Payments is an end-to-end, licensed cross-border payment solution, while Ripple Custody provides banks and financial institutions with secure management solutions for digital assets, stablecoins, and Real World Assets (RWA).

About the Companies

DXC Technology

DXC Technology (NYSE: DXC) is a prominent partner in enterprise technology and innovation, delivering software, services, and solutions that enable organizations worldwide to harness AI for effective results. With deep expertise in managed infrastructure services, application modernization, and industry-specific software solutions, DXC is at the forefront of modernizing and securing complex technology ecosystems.

Ripple

Ripple is a fintech company specializing in cryptocurrency solutions for enterprises. Its flagship product, Ripple Payments, utilizes blockchain technology to enhance cross-border payment speed and transparency. Additionally, Ripple Custody provides a secure way for clients to store and manage their digital assets. Through Ripple Prime, the company offers a world-class multi-asset brokerage service for institutional clients.

As the landscape of banking continues to evolve, the partnership between DXC and Ripple stands as a beacon of innovation and progress, promising a future where banks can harness the power of digital assets seamlessly and securely.