Infosys partners 7 banks for blockchain-based solution - Feedback

Infosys has set up a blockchain-based trade network in India, in partnership with 7 banks.

Called India Trade Connect, it includes Axis Bank, ICICI Bank, IndusInd Bank, RBL Bank, Kotak Mahindra Bank, South Indian Bank and YES Bank. The range of functions include bill collection, Letters of Credit, opening accounts, customer-to-customer transactions, business-to-customer transactions, and invoice financing. Sanat Rao, Chief Business Officer at Infosys Finacle, said that like any innovative technology, usage of blockchain-based applications will gradually increase based on proven and tangible benefits.

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *