As a solution, there is nothing wrong with the traditional correspondent banking relationship system. It is well understood. It works, albeit expensively and slowly. The modern world demands more of it, but the way it is administered is too complicated, and fundamentally limited, to deliver. Remove that complexity and distil it down to a single relationship for each bank. Develop a communication system that would enable not only real-time payments, but also instant, concurrent settlement. Make it faster, better, and cheaper for banks and their customers? To make it happen, we took control of our own system. And so UNITE was born.
We are no sideshow, in no backwater. We are a serious mission, involving serious people. We know that UNITE will enable mainstream banking to build on its strengths to compete more effectively on cross-border payments in today’s demanding world. And, by democratising banking connection and simplifying payments, our team know that UNITE can expedite world trade and benefit customers as well as banks.
UNITE. We are Inspiration, Dedication and Collaboration.