Euroclear, Swift and Chainlink launched a new project with the participation of six major financial institutions

• A joint initiative between Euroclear, Swift and Chainlink (LINK token) aims to solve complex problems associated with unstructured data.
• Six leading financial institutions are involved in developing an innovative solution for the financial industry.
• The project is aimed at optimizing data processing and reducing costs.

Overcoming challenges with unstructured data

At the #Sibos conference, Euroclear, Swift and Chainlink (LINK) presented a unique initiative aimed at solving one of the most complex and costly problems associated with processing unstructured data in the financial industry. The new project brings together these three industry leaders with six major financial institutions to introduce advanced technologies to optimize data performance.

Reducing costs and improving efficiency

The project aims to address key barriers financial institutions face when working with unstructured data, including improving data accuracy and reducing operational costs. Chainlink technology and Swift infrastructure play a key role in creating an efficient and transparent data exchange mechanism. According to company representatives, the innovations introduced through this initiative have the potential to significantly change the financial industry by making data processing faster and more cost-effective.The team plans regular updates and will share progress in the next stage of development.

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