MoneyWorks4Me

Infosys Finacle to launch first blockchain pilot network

18 Oct 2016 Evaluate

Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys has entered into partnership with Emirates NBD and ICICI Bank to launch first blockchain pilot network for international remittances and trade finance. With this, Emirates NBD became the first bank in UAE and ICICI Bank the first bank in India, to pilot a blockchain based network for financial services. Blockchain based applications built on this framework, can deliver enhanced automation across inter-organizational processes, transactional security and accuracy at a significantly lower cost.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.
 

Peers
Company Name CMP
TCS 2196.00
Infosys 1056.10
HCL Technologies 1256.00
Wipro 166.35
Tech Mahindra 1559.00
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