{"id":164164,"date":"2021-01-27T16:00:47","date_gmt":"2021-01-27T13:00:47","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/major-payments-firm-sia-to-launch-dlt-based-secondary-credit-marketplace\/"},"modified":"2021-01-27T16:00:47","modified_gmt":"2021-01-27T13:00:47","slug":"major-payments-firm-sia-to-launch-dlt-based-secondary-credit-marketplace","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/major-payments-firm-sia-to-launch-dlt-based-secondary-credit-marketplace\/","title":{"rendered":"# Major payments firm SIA to launch DLT-based secondary credit marketplace"},"content":{"rendered":"<p>&#8220;<strong># Major payments firm SIA to launch DLT-based secondary credit marketplace <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvZTczZTdmOWItOGNjOC00NTFiLWI3ZTMtNDU0MWJkMGRkZWQwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>SIA, an Italian company specialized in e-payment services, is working on a blockchain-based system to enable secondary credit trading.<\/p>\n<p>The upcoming platform will allow banks, funds, and financial operators to negotiate secondary credit transactions via blockchain, SIA <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sia.eu\/en\/media-events\/news-press-releases\/sia-agreement-with-fintech-wizkey-for-trading-of-credits-on-blockchain\">announced<\/a> on Jan. 26.<\/p>\n<p>A spokesperson for SIA told Cointelegraph that the company plans to pilot the platform in Q2 2021, while the full-scale launch is expected in the second half of this year. <\/p>\n<p>SIA\u2019s new credit trading platform is being developed in collaboration with fintech startup WizKey. The Milan-based firm is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wizkey.io\/en\/faq\">building<\/a> financial solutions with a focus on structured finance products and the management and transfer of credit.<\/p>\n<p>By implementing blockchain, SIA intends to provide financial operators with instant and secure access to credit portfolios as well as the underlying data and documentation. &#8220;The certification of information and workflow via blockchain provides to all secondary market purchasers the trust necessary to know that the data is consistent and certified, increasing the speed of transaction and the liquidity of the market,&#8221; a representative of SIA said.<\/p>\n<p>WizKey CEO and founder Marco Pagani said that the blockchain-powered project aims to create a \u201ctransparent, liquid and efficient secondary market for NPLs thus benefiting the entire country system.\u201d Daniele Savar\u00e8, director of innovation and business solutions at SIA, also noted that the project will be developed in a standardized in line with European regulations.<\/p>\n<p>SIA has been working with blockchain-related developments previously. In June 2020, SIA completed a project on cross-chain interoperability targeting services for banks and financial institutions.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/major-payments-firm-sia-to-launch-dlt-based-secondary-credit-marketplace\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Major payments firm SIA to launch DLT-based secondary credit marketplace &#8221; SIA, an Italian company specialized in e-payment services, is working on a blockchain-based system to enable secondary credit trading. The upcoming platform will allow banks, funds, and financial operators to negotiate secondary credit transactions via blockchain, SIA announced on Jan. 26. A spokesperson&#8230;<\/p>\n","protected":false},"author":1,"featured_media":164165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvZTczZTdmOWItOGNjOC00NTFiLWI3ZTMtNDU0MWJkMGRkZWQwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,91040,74891,74889,75434,28340,71227,73808,4965,71407],"class_list":["post-164164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-credits","tag-ethereum","tag-payments","tag-smart-contracts","tag-europe","tag-italy","tag-loans","tag-technology","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/164164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=164164"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/164164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/164165"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=164164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=164164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=164164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}