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Infosys and banks develop blockchain solution for trade finance

Infosys Finacle has formed a blockchain-based trade network India Trade Connect with seven Indian banks: Axis Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, RBL Bank, South Indian Bank and Yes Bank.  The network will pilot a trade finance processing solution built by the company, aimed at reducing transaction time and improving transparency,  reported by Global Trade Review on May 23, 2018. Infosys Finacle is a subsidiary of technology giant Infosys in India.

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