Major European Banks Live on RippleNet: Merjan Delatinne, Ripple’s Global Head of Banking


Quick Facts:


  • Former Swift executive & current global head of banking at Ripple explains the difference between Swift and Ripple
  • Ripple has more than 200 financial institutions in production, on average, it signs about two to three financial institutions a week
  • Santander and Credit Agricole are live on the network

In a recent interview with a French Publication, former Swift executive and currently the global head of banking at Ripple since January 2018, Merjan Delatinne talks about how her role is to ensure the continuous expansion of their RippleNet network.

Given the fact that she took over the management of Swift GPI that allows bank customers to make cross-border payments more traceable and transparent, she is in the best position to explain if Ripple is a competitor of Swift. And according to her, they aren't really because they are doing things in the way that Ripple is a centralized network while Swift is not.

While Swift is a messaging system that involves intermediaries making the process long and expensive, Ripple, she says uses the power of blockchain and provides infrastructure in addition to messaging.

Moreover, Ripple have developed a pre-validation system to reduce failures, a common occurrence in traditional payment systems.

Santander and Credit Agricole are Live on the Network

As we all are aware Ripple has already signed in 200 financial institutions, Delatinne assures that since the end of 2018, Ripple has over 200 partners in production.

“We took two years to sign the first 100 and one year for the other 100. On average, we sign approximately two to three financial institutions a week,” said Delatinne.

Though Delatinne didn’t provide the number of customers Ripple have in Europe, she does say that big European banks like Santander and Credit Agricole are live on the network.

The company is working with different French financial institutions but Delatinne didn’t provide any names.

Explaining about the project with Santander that uses xCurrent, she shares it was the first bank to create a Ripple-based mobile app, One Pay Fx for cross border payments. Currently available in Spain, British Brazil, and Poland to private customers, the next step Delatinne says is to extend the application in other countries.

The main interest for Santander to go with Ripple, Delatine explains is to prevent from losing its market share to new entrants like TransferWise.

Back in 2016, Ripple opened an office in London that has now 40 employees and the company is “hiring heavily” to support its customer base in Europe. Europe is certainly an important market for Ripple’s as according to SADI, the International Fund for Agricultural Development, 150 million people worldwide receive money from people residing in Europe.

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