New Cooperation Of Infosys & R3 For Integrating Corda With Blockchain Solutions Finacle

Consulting and IT services firm Infosys  cooperates with R3 through its digital Bank Infosys Finance, which is part of its subsidiary EdgeVerve Systems Limited. Both parties will work together to allow partner banks to integrate the R3 Corda open source blockchain platform with the Finacle blockchain solutions.

To begin with, Finacle will have two services that integrate Corda – Finacle Trade Connect and Finacle Payments Connect. The first is a trade Finance platform designed for banks, companies and trading partners that can connect through a single DLT network. The solution supports a wide range of trade and supply chain functions including open account, invoice financing, letter of credit, collection, Bank guarantees, etc.

Another service based on the blockchain final Payments Connect allows you to make payments in real time through an authorized DLT network. The solution allows banks to automate payments based on relevant banking relationships.

In June of this year, we reported that Infosys has provided its blockchain technology to India Trade Connect, a consortium of 14 local banks that account for half of India’s trade volume.