Thiruvananthapuram, Jul 22 (UNI) UST Global, a leading digital transformation solutions company, on Wednesday announced that it has been recognized by Information Services Group (ISG), a leading global technology research and advisory firm, for its role in one of the top 25 examples of digital transformation in 2020, as featured in the ISG Digital Case Study book, Scaling Digital: 25 Stories of Innovation.

For the second consecutive year, UST Global has been recognized for Digital Excellence by ISG.

ISG highlighted UST Global’ s engagement with a leading Spanish multinational commercial bank and financial services company to transform the international payments experience for its customers by deploying blockchain-based solutions, Company COO Manu Gopinath said in a release.

UST Global helped the bank to realize its vision into a successful service offering.

The bank launched its mobile-based application that enables their end customers to complete international transactions in seconds – the same transactions previously took four to five working days to complete.

In just four to five clicks, the customer can enter the amount to be transferred, select a recipient and exchange rate, and confirm the transaction. The application leveraged a technology based on distributed ledgers which enabled the bank with interoperability among different ledgers and networks, cryptographically secured end-to-end payment flow, transaction immutability, and information redundancy.

The solution went live in Spain, U.K., and several Latin American countries. Customers of the bank expressed appreciation for its ease of use, transparency, and better user experience compared to the previous service.

UNI DS CS 1545