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Syndicate Bank to use blockchain technology for ATM machines: Report

18 Jan 2019 Evaluate

Syndicate Bank is reportedly extending usage by creating a blockchain for ATM reconciliation. The bank is using ATM machines as the blocks to verify transactions and alert the customer in fraction of seconds.

Syndicate Bank is one of the oldest and major commercial banks of India.

Peers
Company Name CMP
State Bank Of India 989.80
PNB 117.20
Bank Of Baroda 234.80
Canara Bank 123.50
Union Bank Of India 177.00
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