Infosys Finacle and R3 Partner to Bring Blockchain Solutions on Corda for banks

Infosys Finacle, part of EdgeVerve Systems, a fully owned product subsidiary of Infosys and R3, one of the fastest growing enterprise blockchain software companies in the world, today announced their partnership to collaborate on blockchain solutions. This partnership will enable banks to easily access and deploy Finacle's blockchain solutions on Corda, R3's open-source blockchain platform.

Finacle will initially have two solutions available on the Corda platform - Finacle Trade Connect and Finacle Payments Connect.

Finacle Trade Connect is a blockchain-based trade finance solution that connects banks, trade partners and corporates on a unified distributed network. It supports a full suite of trade and supply chain finance products such as Open Account, Letter of Credit, Invoice Financing, Bills Collection, PO Financing, Bank Guarantees and Packing Credit.

Finacle Payments Connect is a blockchain-based solution that enables real-time payments processing on a permissioned payments network. It helps banks automate payments processing within their corresponding banking relationships.

Powered by Capital Market - Live News